Elena Gomez Sells 16,176 Shares of Toast (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) CFO Elena Gomez sold 16,176 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $35.29, for a total transaction of $570,851.04. Following the completion of the sale, the chief financial officer directly owned 168,974 shares of the company’s stock, valued at $5,963,092.46. This represents a 8.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Elena Gomez also recently made the following trade(s):

• On Thursday, August 6th, Elena Gomez sold 900 shares of Toast stock. The stock was sold at an average price of $35.02, for a total transaction of $31,518.00.
• On Thursday, July 2nd, Elena Gomez sold 11,605 shares of Toast stock. The shares were sold at an average price of $28.85, for a total transaction of $334,804.25.

Toast Trading Down 0.7%

TOST stock opened at $34.47 on Friday. The firm has a market cap of $17.72 billion, a PE ratio of 44.19 and a beta of 1.72. Toast, Inc. has a 1 year low of $22.26 and a 1 year high of $46.11. The company has a fifty day simple moving average of $28.44 and a 200 day simple moving average of $27.90.

Toast (NYSE:TOST) last posted its earnings results on Tuesday, August 4th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.06). Toast had a return on equity of 23.90% and a net margin of 7.14%.The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the previous year, the company earned $0.13 earnings per share. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. As a group, analysts forecast that Toast, Inc. will post 0.99 EPS for the current fiscal year.

Institutional Investors Weigh In On Toast

Hedge funds have recently modified their holdings of the business. Capelight Capital Asset Management LP acquired a new stake in Toast in the 4th quarter worth $2,131,000. Robeco Institutional Asset Management B.V. lifted its stake in shares of Toast by 6.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 972,230 shares of the company’s stock valued at $34,524,000 after buying an additional 57,512 shares during the period. Lecap Asset Management Ltd. lifted its stake in shares of Toast by 206.7% in the fourth quarter. Lecap Asset Management Ltd. now owns 59,123 shares of the company’s stock valued at $2,099,000 after buying an additional 39,847 shares during the period. Campbell Capital Management Inc. acquired a new stake in Toast during the fourth quarter worth about $9,812,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Toast by 11.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 514,992 shares of the company’s stock valued at $18,287,000 after acquiring an additional 52,959 shares during the period. 82.91% of the stock is owned by institutional investors.

Toast News Roundup

Here are the key news stories impacting Toast this week:

• Positive Sentiment: Analysts raise price targets: BMO Capital Markets lifted its Toast price target to $40, while Needham and Keefe, Bruyette & Woods also expressed expectations for meaningful appreciation. These calls reinforce the bullish case following Toast’s growth and improving profitability. BMO Capital Markets Raises Toast Price Target Needham Forecasts Toast Price Appreciation Keefe Bruyette Woods Toast Outlook
• Positive Sentiment: AI and partnership momentum: A report highlights Toast’s AI initiatives and relationships with Google and hotel operators as potential catalysts for expanding its addressable market and strengthening the long-term growth story. Toast AI, Google, and Hotel Partnership Report
• Positive Sentiment: Options activity signals bullish positioning: High trading volume in Toast call options suggests some traders are positioning for additional upside, although options activity is a market signal rather than a change in fundamentals. Toast High Call Option Volume
• Neutral Sentiment: Mixed quarterly results: Toast exceeded revenue expectations, reporting $1.91 billion, up 23.1% year over year, but adjusted earnings per share fell short of consensus estimates. The revenue growth supports the bull case, while the earnings miss raises questions about execution and near-term margins. Toast Second Quarter Sales Report
• Negative Sentiment: Valuation concerns: A Seeking Alpha analysis recommended trimming the position, arguing that Toast’s valuation could become difficult to justify if growth or profitability slows. This is a risk after the stock’s recent rally. Toast Valuation Downgrade
• Negative Sentiment: Executives sell shares: CEO Aman Narang sold approximately $4.9 million of Toast stock, while the CFO and CRO also sold shares. Because the transactions were made under pre-arranged Rule 10b5-1 plans, they may reflect scheduled diversification rather than diminished confidence, but the volume can still weigh on sentiment.

Analysts Set New Price Targets

TOST has been the subject of several analyst reports. Wall Street Zen lowered Toast from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Keefe, Bruyette & Woods boosted their price objective on shares of Toast from $30.00 to $35.00 and gave the stock a “market perform” rating in a research note on Wednesday. Canaccord Genuity Group set a $40.00 price objective on shares of Toast in a report on Wednesday. BMO Capital Markets raised their target price on shares of Toast from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Barclays lifted their target price on shares of Toast from $35.00 to $39.00 and gave the stock an “overweight” rating in a report on Wednesday. Seventeen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, Toast currently has an average rating of “Moderate Buy” and an average price target of $38.62.

Toast Company Profile

Toast, Inc (NYSE: TOST) is a technology company that builds a cloud-based platform for restaurants and other foodservice businesses. Headquartered in Boston, Massachusetts, Toast offers integrated point-of-sale (POS) systems and a suite of software and hardware designed to streamline front-of-house and back-of-house operations. The company went public in 2021 and has positioned itself as a vertically integrated provider for the restaurant industry.

Toast’s product portfolio includes touchscreen POS terminals and handheld order-and-pay devices, kitchen display systems, and peripherals tailored for high-volume foodservice environments.