Toast (NYSE:TOST) President Sells $61,555.28 in Stock

Toast, Inc. (NYSE:TOST) President Stephen Fredette sold 1,732 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $35.54, for a total value of $61,555.28. Following the completion of the transaction, the president directly owned 900,264 shares of the company’s stock, valued at $31,995,382.56. The trade was a 0.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Stephen Fredette also recently made the following trade(s):

• On Thursday, October 2nd, Stephen Fredette sold 7,550 shares of Toast stock. The stock was sold at an average price of $35.56, for a total transaction of $268,478.00.

Toast Price Performance

NYSE:TOST opened at $36.99 on Friday. The company has a 50 day moving average price of $38.33 and a 200-day moving average price of $41.37. Toast, Inc. has a 1-year low of $28.12 and a 1-year high of $49.66. The firm has a market cap of $19.05 billion, a price-to-earnings ratio of 86.02 and a beta of 1.94.

Toast (NYSE:TOST) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Toast had a return on equity of 15.77% and a net margin of 4.68%.The business’s quarterly revenue was up 25.1% on a year-over-year basis. During the same period last year, the company posted $0.07 earnings per share. On average, sell-side analysts anticipate that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TOST has been the topic of a number of analyst reports. Needham & Company LLC raised their target price on Toast from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Toast in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods lowered their price target on Toast from $50.00 to $42.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft began coverage on Toast in a report on Thursday, July 17th. They issued a “buy” rating and a $54.00 price objective on the stock. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $48.00 target price on shares of Toast in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $45.64.

Hedge Funds Weigh In On Toast

Several hedge funds and other institutional investors have recently made changes to their positions in TOST. Quent Capital LLC acquired a new stake in shares of Toast in the third quarter worth approximately $27,000. RiverPark Advisors LLC purchased a new position in Toast in the 2nd quarter valued at $30,000. Alpine Bank Wealth Management acquired a new stake in Toast during the 3rd quarter worth $30,000. Ameritas Advisory Services LLC acquired a new stake in shares of Toast in the second quarter valued at about $31,000. Finally, Wayfinding Financial LLC acquired a new stake in shares of Toast in the first quarter valued at about $34,000. Hedge funds and other institutional investors 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.