Comerica Bank Sells 325,897 Shares of Toast, Inc. $TOST

Comerica Bank lowered its holdings in Toast, Inc. (NYSE:TOST) by 91.4% in the 4th quarter, HoldingsChannel reports. The firm owned 30,628 shares of the company’s stock after selling 325,897 shares during the quarter. Comerica Bank’s holdings in Toast were worth $1,088,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of TOST. Quent Capital LLC bought a new stake in shares of Toast in the 3rd quarter valued at about $27,000. Central Pacific Bank Trust Division raised its holdings in shares of Toast by 123.5% in the 4th quarter. Central Pacific Bank Trust Division now owns 943 shares of the company’s stock valued at $33,000 after purchasing an additional 521 shares in the last quarter. Wolff Wiese Magana LLC bought a new stake in shares of Toast in the 3rd quarter valued at about $37,000. Root Financial Partners LLC bought a new stake in shares of Toast in the 3rd quarter valued at about $42,000. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Toast by 59.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,182 shares of the company’s stock valued at $44,000 after purchasing an additional 439 shares in the last quarter. Institutional investors own 82.91% of the company’s stock.

Toast Stock Down 14.8%

NYSE TOST opened at $25.03 on Friday. The firm has a market cap of $12.90 billion, a PE ratio of 38.50 and a beta of 1.81. The company has a 50 day moving average price of $27.82 and a 200 day moving average price of $31.77. Toast, Inc. has a 52 week low of $24.04 and a 52 week high of $49.66.

Toast (NYSE:TOST) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.08). The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.62 billion. Toast had a return on equity of 20.87% and a net margin of 6.39%.The company’s revenue was up 22.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.05 EPS. On average, equities research analysts anticipate that Toast, Inc. will post 0.81 earnings per share for the current fiscal year.

Toast declared that its Board of Directors has initiated a share buyback plan on Thursday, February 12th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Activity

In related news, CFO Elena Gomez sold 8,929 shares of the business’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $26.19, for a total transaction of $233,850.51. Following the completion of the transaction, the chief financial officer owned 173,064 shares in the company, valued at $4,532,546.16. The trade was a 4.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CRO Jonathan Vassil sold 6,438 shares of the business’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $26.19, for a total transaction of $168,611.22. Following the transaction, the executive owned 146,618 shares of the company’s stock, valued at approximately $3,839,925.42. This trade represents a 4.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 39,783 shares of company stock worth $1,041,917 over the last 90 days. 12.14% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

TOST has been the subject of several recent research reports. UBS Group reduced their price target on shares of Toast from $40.00 to $34.00 and set a “buy” rating for the company in a report on Friday. Wall Street Zen lowered shares of Toast from a “buy” rating to a “hold” rating in a report on Saturday. BMO Capital Markets initiated coverage on shares of Toast in a report on Tuesday, April 21st. They issued an “outperform” rating and a $35.00 price target for the company. Sanford C. Bernstein set a $39.00 price target on shares of Toast in a report on Monday, February 16th. Finally, Jefferies Financial Group set a $35.00 price objective on shares of Toast in a research note on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.71.

More Toast News

Here are the key news stories impacting Toast this week:

• Positive Sentiment: Toast raised its full-year profitability outlook, guiding to $790 million to $810 million in adjusted EBITDA for FY2026, supported by expected 21% to 23% recurring gross profit growth. Article Title
• Positive Sentiment: Revenue continued to grow at a strong pace, with Q1 sales of about $1.63 billion and year-over-year growth around 22%, showing the business is still expanding quickly. Article Title
• Neutral Sentiment: Analysts were mixed on the quarter: some reports said Toast beat earnings expectations, while others said adjusted EPS came in below estimates depending on the metric used, which may be adding to the confusion around the stock. Article Title
• Neutral Sentiment: Toast’s Q1 earnings call transcript and related coverage suggest investors are still parsing management’s commentary for signs of margin durability and growth momentum. Article Title
• Negative Sentiment: The stock is under pressure because the market appears focused more on any earnings disappointment and valuation concerns than on the improved guidance. Article Title
• Negative Sentiment: Citigroup cut its price target on Toast to $36 from $42, signaling a more cautious near-term outlook even while maintaining a buy rating. Article Title

About Toast

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.