Investors Buy High Volume of Toast Put Options (NYSE:TOST)

Posted by Francis Steltz on Oct 29th, 2026

Toast, Inc. (NYSE:TOST – Get Free Report) was the recipient of some unusual options trading on Thursday. Investors acquired 16,718 put options on the stock. This represents an increase of approximately 36% compared to the average daily volume of 12,284 put options.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TOST shares. BNP Paribas Exane downgraded Toast from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $38.00 to $35.00 in a research report on Wednesday, September 2nd. UBS Group upped their target price on Toast from $34.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Piper Sandler raised their target price on Toast from $32.00 to $39.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Keefe, Bruyette & Woods raised their price objective on shares of Toast from $30.00 to $35.00 and gave the stock a “market perform” rating in a report on Wednesday, August 5th. Finally, Needham & Company LLC raised their price target on shares of Toast from $35.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Seventeen investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $39.11.

Check Out Our Latest Analysis on TOST

Toast Trading Down 1.6%

Shares of TOST traded down $0.51 during mid-day trading on Thursday, hitting $31.43. 12,867,533 shares of the company traded hands, compared to its average volume of 10,848,354. Toast has a one year low of $22.26 and a one year high of $39.67. The business has a 50-day moving average of $32.21 and a 200 day moving average of $29.44. The stock has a market capitalization of $16.16 billion, a price-to-earnings ratio of 40.30 and a beta of 1.74.

Toast (NYSE:TOST – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.06). The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.87 billion. Toast had a return on equity of 23.90% and a net margin of 7.14%. The firm’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.13 EPS. As a group, analysts anticipate that Toast will post 1.00 earnings per share for the current year.

Insider Transactions at Toast

In related news, CFO Elena Gomez sold 16,176 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $35.29, for a total transaction of $570,851.04. Following the transaction, the chief financial officer owned 168,974 shares of the company’s stock, valued at approximately $5,963,092.46. The trade was a 8.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Aman Narang sold 124,542 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $35.29, for a total transaction of $4,395,087.18. Following the transaction, the chief executive officer owned 175,458 shares of the company’s stock, valued at approximately $6,191,912.82. The trade was a 41.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 534,830 shares of company stock worth $18,566,600 over the last three months. 10.03% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Toast

Several large investors have recently bought and sold shares of the business. Principal Financial Group Inc. lifted its holdings in Toast by 36.0% during the 1st quarter. Principal Financial Group Inc. now owns 7,977,244 shares of the company’s stock worth $211,478,000 after buying an additional 2,111,009 shares during the period. Junto Capital Management LP purchased a new stake in Toast during the second quarter valued at about $54,320,000. Wellington Management Group LLP increased its stake in shares of Toast by 131.9% in the second quarter. Wellington Management Group LLP now owns 2,456,114 shares of the company’s stock worth $68,329,000 after purchasing an additional 1,397,021 shares in the last quarter. Lead Edge Capital Management LLC purchased a new position in Toast in the 1st quarter valued at approximately $34,632,000. Finally, Light Street Capital Management LLC bought a new stake in shares of Toast during the 2nd quarter valued at $32,480,000. 82.91% of the stock is currently owned by institutional investors and hedge funds.

About Toast

(Get Free Report)

Toast, Inc (NYSE:TOST) provides a cloud-based technology platform designed for restaurants. Its integrated system combines point-of-sale software and hardware with payment processing, helping restaurants manage sales, orders, menus, guest interactions and day-to-day operations from a unified platform.

The company offers products and services including online ordering, delivery management, digital ordering and payment tools, restaurant websites, gift cards, loyalty programs, marketing, labor management, payroll, inventory management, reporting and analytics.