Christopher P. Comparato Sells 70,000 Shares of Toast, Inc. (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) Director Christopher P. Comparato sold 70,000 shares of the company’s stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $34.21, for a total transaction of $2,394,700.00. Following the completion of the transaction, the director now directly owns 179,316 shares in the company, valued at $6,134,400.36. The trade was a 28.08 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Toast Trading Up 0.0 %

TOST stock opened at $34.30 on Friday. The business has a 50 day simple moving average of $35.43 and a 200-day simple moving average of $36.14. The company has a market capitalization of $16.95 billion, a P/E ratio of -3,426.97, a PEG ratio of 2.16 and a beta of 2.00. Toast, Inc. has a twelve month low of $21.32 and a twelve month high of $44.12.

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

Institutional Trading of Toast

A number of hedge funds have recently added to or reduced their stakes in TOST. Vanguard Group Inc. raised its stake in shares of Toast by 10.8% during the fourth quarter. Vanguard Group Inc. now owns 42,474,232 shares of the company’s stock worth $1,548,186,000 after purchasing an additional 4,147,430 shares during the last quarter. Capital International Investors lifted its stake in shares of Toast by 1.9% in the 4th quarter. Capital International Investors now owns 41,961,233 shares of the company’s stock worth $1,529,657,000 after acquiring an additional 785,641 shares during the period. FMR LLC boosted its holdings in shares of Toast by 22.1% in the fourth quarter. FMR LLC now owns 29,853,639 shares of the company’s stock valued at $1,088,165,000 after acquiring an additional 5,403,896 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Toast during the fourth quarter worth about $282,010,000. Finally, Geode Capital Management LLC lifted its position in Toast by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 7,061,739 shares of the company’s stock valued at $256,970,000 after purchasing an additional 195,805 shares during the period. 82.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on TOST shares. Morgan Stanley dropped their target price on shares of Toast from $50.00 to $46.00 and set an “overweight” rating for the company in a report on Wednesday. Oppenheimer started coverage on Toast in a report on Friday, January 24th. They issued an “outperform” rating and a $46.00 price objective on the stock. Evercore ISI assumed coverage on Toast in a report on Wednesday, April 9th. They set an “in-line” rating and a $29.00 target price for the company. BMO Capital Markets boosted their price target on shares of Toast from $46.00 to $48.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $50.00 price objective on shares of Toast in a research note on Thursday, February 20th. Thirteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $40.09.

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.