Toast, Inc. (NYSE:TOST – Get Free Report) CRO Jonathan Vassil sold 4,600 shares of the company’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $36.00, for a total transaction of $165,600.00. Following the completion of the transaction, the executive owned 77,424 shares of the company’s stock, valued at $2,787,264. This represents a 5.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Jonathan Vassil also recently made the following trade(s):
- On Monday, November 2nd, Jonathan Vassil sold 14,280 shares of Toast stock. The shares were sold at an average price of $33.70, for a total value of $481,236.00.
- On Monday, October 5th, Jonathan Vassil sold 7,623 shares of Toast stock. The shares were sold at an average price of $30.19, for a total transaction of $230,138.37.
- On Friday, October 2nd, Jonathan Vassil sold 13,465 shares of Toast stock. The stock was sold at an average price of $29.69, for a total transaction of $399,775.85.
- On Wednesday, September 2nd, Jonathan Vassil sold 14,280 shares of Toast stock. The stock was sold at an average price of $33.90, for a total value of $484,092.00.
- On Friday, August 21st, Jonathan Vassil sold 85,280 shares of Toast stock. The shares were sold at an average price of $36.34, for a total value of $3,099,075.20.
- On Wednesday, August 19th, Jonathan Vassil sold 13,931 shares of Toast stock. The shares were sold at an average price of $36.01, for a total transaction of $501,655.31.
- On Tuesday, August 11th, Jonathan Vassil sold 13,797 shares of Toast stock. The stock was sold at an average price of $36.01, for a total transaction of $496,829.97.
Toast Price Performance
Shares of TOST stock traded down $0.52 during trading hours on Friday, reaching $34.64. 9,489,494 shares of the company’s stock were exchanged, compared to its average volume of 10,930,884. The company’s 50 day moving average is $31.87 and its two-hundred day moving average is $29.40. The company has a market cap of $17.80 billion, a P/E ratio of 38.06 and a beta of 1.74. Toast, Inc. has a 1 year low of $22.26 and a 1 year high of $38.64.
Toast (NYSE:TOST – Get Free Report) last issued its earnings results on Tuesday, November 3rd. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.08). Toast had a return on equity of 26.39% and a net margin of 7.69%. The company had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.97 billion. During the same quarter in the previous year, the firm posted $0.16 earnings per share. Toast’s revenue for the quarter was up 21.3% on a year-over-year basis. As a group, analysts predict that Toast, Inc. will post 1.00 EPS for the current fiscal year.
Wall Street Analyst Weigh In
TOST has been the topic of a number of research reports. Wall Street Zen cut shares of Toast from a “buy” rating to a “hold” rating in a research note on Sunday, October 4th. Oppenheimer upped their target price on Toast from $36.00 to $38.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Truist Financial decreased their price target on shares of Toast from $39.00 to $38.00 and set a “buy” rating on the stock in a report on Monday, October 19th. Keefe, Bruyette & Woods lifted their price target on shares of Toast from $30.00 to $35.00 and gave the company a “market perform” rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings raised shares of Toast from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Seventeen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $38.65.
Read Our Latest Report on TOST
Institutional Trading of Toast
Institutional investors and hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. increased its holdings in Toast by 36.0% in the first 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 last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in Toast by 1.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,950,962 shares of the company’s stock valued at $201,508,000 after buying an additional 89,316 shares during the last quarter. Bank of America Corp DE grew its position in shares of Toast by 10.6% in the first quarter. Bank of America Corp DE now owns 4,866,197 shares of the company’s stock valued at $129,003,000 after purchasing an additional 465,006 shares during the last quarter. Renaissance Technologies LLC increased its position in Toast by 25.1% in the 1st quarter. Renaissance Technologies LLC now owns 4,321,437 shares of the company’s stock worth $114,561,000 after buying an additional 867,509 shares during the period. Finally, Amova Asset Management Americas Inc. boosted its position in shares of Toast by 0.4% in the first quarter. Amova Asset Management Americas Inc. now owns 3,817,961 shares of the company’s stock valued at $101,176,000 after acquiring an additional 16,614 shares during the period. 82.91% of the stock is currently owned by institutional investors and hedge funds.
About Toast
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.
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