Insider Selling: Toast, Inc. (NYSE:TOST) Director Sells 70,000 Shares of Stock

Toast, Inc. (NYSE:TOST) Director Christopher P. Comparato sold 70,000 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $44.74, for a total value of $3,131,800.00. Following the transaction, the director now owns 187,140 shares of the company’s stock, valued at $8,372,643.60. This represents a 27.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Toast Stock Performance

Shares of NYSE:TOST opened at $45.16 on Friday. Toast, Inc. has a 52-week low of $21.32 and a 52-week high of $45.68. The business’s 50 day simple moving average is $35.33 and its two-hundred day simple moving average is $37.21. The firm has a market cap of $22.49 billion, a P/E ratio of -4,511.49, a PEG ratio of 2.16 and a beta of 1.98.

Toast (NYSE:TOST) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Toast had a net margin of 0.40% and a return on equity of 1.54%. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.32 billion. On average, equities analysts forecast that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TOST. The Goldman Sachs Group lowered their price objective on Toast from $43.00 to $38.00 and set a “neutral” rating for the company in a research report on Wednesday, April 2nd. UBS Group boosted their price target on Toast from $41.00 to $47.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. Needham & Company LLC reissued a “buy” rating and set a $50.00 target price on shares of Toast in a report on Thursday, February 20th. Wolfe Research upgraded Toast from a “peer perform” rating to an “outperform” rating and set a $44.00 target price for the company in a research report on Wednesday, April 23rd. Finally, Wells Fargo & Company upped their target price on Toast from $39.00 to $46.00 and gave the company an “overweight” rating in a research report on Friday, May 9th. Thirteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $40.91.

Hedge Funds Weigh In On Toast

Large investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. boosted its stake in Toast by 29.2% during the first quarter. SBI Securities Co. Ltd. now owns 1,257 shares of the company’s stock valued at $42,000 after buying an additional 284 shares during the period. Stonekeep Investments LLC raised its position in Toast by 4.0% during the 1st quarter. Stonekeep Investments LLC now owns 7,791 shares of the company’s stock valued at $258,000 after purchasing an additional 297 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Toast by 0.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 38,632 shares of the company’s stock worth $1,408,000 after acquiring an additional 301 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of Toast by 7.3% in the 1st quarter. Advisors Asset Management Inc. now owns 4,439 shares of the company’s stock worth $147,000 after acquiring an additional 301 shares in the last quarter. Finally, Keel Point LLC raised its position in shares of Toast by 2.7% in the 4th quarter. Keel Point LLC now owns 12,269 shares of the company’s stock worth $447,000 after acquiring an additional 326 shares in the last quarter. 82.91% of the stock is owned by institutional investors.

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.