Toast (NYSE:TOST) CFO Sells $31,518.00 in Stock

Toast, Inc. (NYSE:TOST) CFO Elena Gomez sold 900 shares of Toast stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $35.02, for a total value of $31,518.00. Following the completion of the sale, the chief financial officer directly owned 168,074 shares in the company, valued at $5,885,951.48. This represents a 0.53% decrease in their position. The transaction was disclosed in a document filed 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 Wednesday, August 5th, Elena Gomez sold 16,176 shares of Toast stock. The shares were sold at an average price of $35.29, for a total value of $570,851.04.
• On Thursday, July 2nd, Elena Gomez sold 11,605 shares of Toast stock. The stock was sold at an average price of $28.85, for a total value of $334,804.25.

Toast Stock Performance

NYSE:TOST opened at $34.47 on Monday. The stock has a 50-day simple moving average of $28.44 and a 200 day simple moving average of $27.86. Toast, Inc. has a 52-week low of $22.26 and a 52-week high of $46.11. The company has a market cap of $17.72 billion, a PE ratio of 44.19 and a beta of 1.72.

Toast (NYSE:TOST) last released 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 net margin of 7.14% and a return on equity of 23.90%. The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the firm posted $0.13 EPS. The company’s revenue was up 23.1% on a year-over-year basis. On average, research analysts predict that Toast, Inc. will post 0.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

TOST has been the subject of a number of analyst reports. Needham & Company LLC raised their target price on shares of Toast from $35.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Morgan Stanley set a $45.00 price objective on shares of Toast in a research note on Friday, May 8th. Citigroup raised their price objective on Toast from $36.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday. DA Davidson lifted their target price on Toast from $28.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Finally, UBS Group upped their target price on Toast from $34.00 to $39.00 and gave the stock a “buy” rating in a report on Wednesday. Seventeen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, Toast presently has a consensus rating of “Moderate Buy” and an average target price of $38.62.

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.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TOST. Jennison Associates LLC increased its stake in shares of Toast by 1.0% during the 4th quarter. Jennison Associates LLC now owns 15,157,955 shares of the company’s stock worth $538,259,000 after purchasing an additional 157,394 shares during the last quarter. Morgan Stanley lifted its stake in Toast by 6.7% in the 4th quarter. Morgan Stanley now owns 10,372,626 shares of the company’s stock valued at $368,332,000 after purchasing an additional 653,487 shares during the last quarter. State Street Corp lifted its stake in Toast by 3.0% in the 4th quarter. State Street Corp now owns 9,820,594 shares of the company’s stock valued at $348,729,000 after purchasing an additional 282,282 shares during the last quarter. XN LP grew its holdings in Toast by 50.8% during the fourth quarter. XN LP now owns 8,988,386 shares of the company’s stock worth $319,178,000 after purchasing an additional 3,029,856 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Toast by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 8,675,056 shares of the company’s stock worth $307,214,000 after purchasing an additional 169,230 shares during the period. Institutional investors own 82.91% of the company’s stock.

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.