Toast, Inc. (NYSE:TOST – Get Free Report) saw some unusual options trading activity on Friday. Investors bought 22,162 put options on the stock. This represents an increase of approximately 36% compared to the average volume of 16,325 put options.
Insider Buying and Selling
In other Toast news, CRO Jonathan Vassil sold 6,438 shares of the firm’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 value of $168,611.22. Following the sale, the executive owned 146,618 shares in the company, valued at approximately $3,839,925.42. This trade represents a 4.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Stephen Fredette sold 7,289 shares of the firm’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 $190,898.91. Following the completion of the sale, the president owned 920,985 shares in the company, valued at $24,120,597.15. The trade was a 0.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 39,783 shares of company stock valued at $1,041,917 in the last ninety days. Insiders own 12.14% of the company’s stock.
Institutional Trading of Toast
A number of large investors have recently added to or reduced their stakes in the business. Capital International Investors boosted its holdings in Toast by 7.4% during the third quarter. Capital International Investors now owns 48,428,060 shares of the company’s stock worth $1,768,256,000 after buying an additional 3,351,545 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Toast by 0.8% during the third quarter. Vanguard Group Inc. now owns 44,764,157 shares of the company’s stock worth $1,634,339,000 after buying an additional 352,435 shares in the last quarter. Jennison Associates LLC boosted its holdings in Toast by 1.0% during the fourth quarter. Jennison Associates LLC now owns 15,157,955 shares of the company’s stock worth $538,259,000 after buying an additional 157,394 shares in the last quarter. Morgan Stanley boosted its holdings in Toast by 6.7% during the fourth quarter. Morgan Stanley now owns 10,372,626 shares of the company’s stock worth $368,332,000 after buying an additional 653,487 shares in the last quarter. Finally, State Street Corp boosted its holdings in Toast by 3.0% during the fourth quarter. State Street Corp now owns 9,820,594 shares of the company’s stock worth $348,729,000 after buying an additional 282,282 shares in the last quarter. 82.91% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Get Our Latest Stock Analysis on TOST
Toast Price Performance
NYSE TOST opened at $23.02 on Friday. Toast has a 12 month low of $22.26 and a 12 month high of $49.66. The firm has a market capitalization of $11.88 billion, a PE ratio of 35.41 and a beta of 1.81. The company’s 50 day simple moving average is $27.27 and its 200 day simple moving average is $31.19.
Toast (NYSE:TOST – Get Free Report) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). Toast had a net margin of 6.39% and a return on equity of 20.86%. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same quarter in the prior year, the business earned $0.05 EPS. Toast’s revenue was up 22.0% compared to the same quarter last year. Sell-side analysts anticipate that Toast will post 0.81 earnings per share for the current fiscal year.
Toast declared that its board has approved 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 typically a sign that the company’s board of directors believes its shares are undervalued.
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.
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