Toast (NYSE:TOST) General Counsel Brian Elworthy Sells 108,000 Shares of Stock

Posted by Brenda Bartman on Jun 3rd, 2026

Toast, Inc. (NYSE:TOST – Get Free Report) General Counsel Brian Elworthy sold 108,000 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $25.89, for a total value of $2,796,120.00. Following the transaction, the general counsel owned 189,642 shares of the company’s stock, valued at approximately $4,909,831.38. This represents a 36.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Toast Stock Down 4.8%

Shares of Toast stock opened at $26.40 on Wednesday. The company has a market cap of $13.62 billion, a PE ratio of 40.61 and a beta of 1.76. The business has a 50 day moving average of $26.28 and a 200 day moving average of $30.16. Toast, Inc. has a 52 week low of $22.26 and a 52 week high of $49.66.

Toast declared that its Board of Directors has approved a share repurchase plan on Thursday, February 12th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On Toast

A number of institutional investors have recently added to or reduced their stakes in TOST. Capital International Investors increased its holdings in shares of Toast by 7.4% during the third quarter. Capital International Investors now owns 48,428,060 shares of the company’s stock valued at $1,768,256,000 after acquiring an additional 3,351,545 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Toast by 0.8% during the third quarter. Vanguard Group Inc. now owns 44,764,157 shares of the company’s stock valued at $1,634,339,000 after acquiring an additional 352,435 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of Toast by 1.0% during the fourth quarter. Jennison Associates LLC now owns 15,157,955 shares of the company’s stock valued at $538,259,000 after acquiring an additional 157,394 shares in the last quarter. Morgan Stanley increased its holdings in shares of Toast by 6.7% during the fourth quarter. Morgan Stanley now owns 10,372,626 shares of the company’s stock valued at $368,332,000 after acquiring an additional 653,487 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Toast by 3.0% during the fourth quarter. State Street Corp now owns 9,820,594 shares of the company’s stock valued at $348,729,000 after acquiring an additional 282,282 shares in the last quarter. Institutional investors own 82.91% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Oppenheimer reiterated an “outperform” rating and issued a $36.00 price objective on shares of Toast in a report on Friday, May 8th. Needham & Company LLC decreased their price objective on Toast from $60.00 to $35.00 and set a “buy” rating for the company in a report on Friday, February 13th. Rothschild & Co Redburn reiterated a “neutral” rating and issued a $35.00 price objective on shares of Toast in a report on Tuesday, May 12th. Sanford C. Bernstein set a $39.00 price objective on Toast in a report on Monday, February 16th. Finally, UBS Group decreased their price objective on Toast from $40.00 to $34.00 and set a “buy” rating for the company in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $37.84.

Check Out Our Latest Stock Report on Toast

About Toast

(Get Free Report)

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.