Toast (NYSE:TOST) General Counsel Brian Elworthy Sells 4,987 Shares

Toast, Inc. (NYSE:TOST) General Counsel Brian Elworthy sold 4,987 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $35.56, for a total transaction of $177,337.72. Following the sale, the general counsel owned 227,924 shares of the company’s stock, valued at $8,104,977.44. This trade represents a 2.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Toast Trading Up 1.3%

Shares of TOST opened at $36.58 on Friday. Toast, Inc. has a 12 month low of $27.65 and a 12 month high of $49.66. The firm’s 50 day moving average is $42.32 and its 200-day moving average is $40.78. The stock has a market capitalization of $18.66 billion, a PE ratio of 107.60 and a beta of 1.94.

Toast (NYSE:TOST) last announced its earnings results on Tuesday, August 5th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.10). Toast had a return on equity of 14.19% and a net margin of 4.07%.The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the prior year, the business posted $0.02 earnings per share. The firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. Equities research analysts predict that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Institutional Trading of Toast

A number of hedge funds have recently added to or reduced their stakes in the stock. Roundview Capital LLC boosted its position in Toast by 0.6% in the second quarter. Roundview Capital LLC now owns 43,619 shares of the company’s stock valued at $1,932,000 after buying an additional 245 shares in the last quarter. Cim LLC boosted its position in Toast by 0.7% in the second quarter. Cim LLC now owns 38,302 shares of the company’s stock valued at $1,696,000 after buying an additional 273 shares in the last quarter. GAMMA Investing LLC boosted its position in Toast by 7.2% in the second quarter. GAMMA Investing LLC now owns 4,139 shares of the company’s stock valued at $183,000 after buying an additional 278 shares in the last quarter. SBI Securities Co. Ltd. boosted its position in Toast by 29.2% in 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 in the last quarter. Finally, True Vision MN LLC boosted its position in Toast by 3.6% in the second quarter. True Vision MN LLC now owns 8,186 shares of the company’s stock valued at $363,000 after buying an additional 285 shares in the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TOST shares. The Goldman Sachs Group raised their target price on shares of Toast from $45.00 to $51.00 and gave the stock a “neutral” rating in a report on Wednesday, August 6th. Citigroup reaffirmed a “buy” rating on shares of Toast in a report on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Toast in a research note on Thursday, July 17th. They issued a “buy” rating and a $54.00 price objective on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of Toast from $50.00 to $42.00 and set a “market perform” rating on the stock in a research note on Wednesday. Finally, Jefferies Financial Group lifted their price objective on shares of Toast from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Fifteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, Toast presently has an average rating of “Moderate Buy” and an average price target of $46.30.

About Toast

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.