Toast, Inc. (NYSE:TOST) Director Sells $1,129,668.22 in Stock

Toast, Inc. (NYSE:TOST) Director Deval L. Patrick sold 34,222 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $33.01, for a total transaction of $1,129,668.22. Following the completion of the transaction, the director now owns 13,260 shares of the company’s stock, valued at $437,712.60. The trade was a 72.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Toast Price Performance

TOST opened at $34.41 on Monday. Toast, Inc. has a fifty-two week low of $21.32 and a fifty-two week high of $44.12. The firm has a market capitalization of $17.00 billion, a price-to-earnings ratio of -3,437.06, a PEG ratio of 2.16 and a beta of 1.99. The company’s 50 day moving average price is $38.05 and its two-hundred day moving average price is $34.78.

Toast (NYSE:TOST) last posted its earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. Toast had a return on equity of 1.54% and a net margin of 0.40%. As a group, equities research analysts predict that Toast, Inc. will post 0.39 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TOST. Compass Point began coverage on shares of Toast in a research report on Wednesday, November 20th. They issued a “buy” rating and a $49.00 target price for the company. DA Davidson restated a “neutral” rating and issued a $38.00 target price (down from $44.00) on shares of Toast in a research report on Thursday, December 5th. UBS Group boosted their target price on shares of Toast from $41.00 to $47.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Morgan Stanley boosted their target price on shares of Toast from $46.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Toast from $36.00 to $42.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $40.48.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TOST. Blue Trust Inc. lifted its position in shares of Toast by 120.4% in the 4th quarter. Blue Trust Inc. now owns 692 shares of the company’s stock worth $25,000 after purchasing an additional 378 shares during the period. Piscataqua Savings Bank acquired a new position in shares of Toast in the 4th quarter worth approximately $26,000. Stonebridge Financial Group LLC acquired a new position in shares of Toast in the 4th quarter worth approximately $34,000. SBI Securities Co. Ltd. acquired a new position in shares of Toast in the 4th quarter worth approximately $35,000. Finally, Wingate Wealth Advisors Inc. acquired a new position in shares of Toast in the 4th quarter worth approximately $40,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

About Toast

Toast, Inc operates a cloud-based digital technology platform for the restaurant industry in the United States, Ireland, and India. The company offers software products for restaurant operations and point of sale, such as Toast POS, Toast now, multi-location management, kitchen display system, Toast mobile order and pay, Toast catering and events, Toast invoicing, Toast tables, and restaurant retail; and hardware products, including Toast flex, Toast flex for guest, Toast go 2, Toast tap, kiosks, and Delphi by Toast.