Toast (NYSE:TOST) CRO Sells $51,248.68 in Stock

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 1,442 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $35.54, for a total value of $51,248.68. Following the sale, the executive owned 71,424 shares of the company’s stock, valued at $2,538,408.96. This trade represents a 1.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Jonathan Vassil also recently made the following trade(s):

• On Thursday, October 2nd, Jonathan Vassil sold 6,530 shares of Toast stock. The shares were sold at an average price of $35.56, for a total transaction of $232,206.80.

Toast Stock Performance

Shares of TOST opened at $36.99 on Friday. The stock has a market capitalization of $19.05 billion, a P/E ratio of 86.02 and a beta of 1.94. Toast, Inc. has a 1 year low of $28.12 and a 1 year high of $49.66. The company’s fifty day moving average is $38.33 and its two-hundred day moving average is $41.37.

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

Hedge Funds Weigh In On Toast

Several hedge funds have recently bought and sold shares of TOST. Cambridge Investment Research Advisors Inc. raised its holdings in Toast by 17.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 15,418 shares of the company’s stock worth $511,000 after purchasing an additional 2,294 shares during the last quarter. Amalgamated Bank grew its holdings in Toast by 7.0% in the first quarter. Amalgamated Bank now owns 32,900 shares of the company’s stock valued at $1,091,000 after purchasing an additional 2,154 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Toast in the first quarter valued at $1,939,000. D.A. Davidson & CO. raised its stake in shares of Toast by 12.3% during the 1st quarter. D.A. Davidson & CO. now owns 37,711 shares of the company’s stock worth $1,251,000 after buying an additional 4,118 shares during the last quarter. Finally, IFM Investors Pty Ltd raised its stake in shares of Toast by 6.1% during the 1st quarter. IFM Investors Pty Ltd now owns 67,797 shares of the company’s stock worth $2,249,000 after buying an additional 3,892 shares during the last quarter. 82.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TOST shares. Keefe, Bruyette & Woods lowered their price objective on Toast from $50.00 to $42.00 and set a “market perform” rating on the stock in a report on Wednesday, October 1st. Wells Fargo & Company raised Toast to a “strong-buy” rating in a report on Wednesday, October 22nd. Robert W. Baird decreased their price target on Toast from $48.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Citigroup raised Toast to a “strong-buy” rating in a report on Thursday, October 23rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Toast in a report on Wednesday, October 8th. Two investment 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $45.64.

Toast Company Profile

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.