Toast (NYSE:TOST) CFO Elena Gomez Sells 900 Shares

Toast, Inc. (NYSE:TOST) CFO Elena Gomez sold 900 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $35.02, for a total transaction of $31,518.00. Following the completion of the sale, the chief financial officer directly owned 168,074 shares of the company’s stock, valued at $5,885,951.48. The trade was a 0.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Elena Gomez also recently made the following trade(s):

• On Wednesday, August 5th, Elena Gomez sold 16,176 shares of Toast stock. The stock was sold at an average price of $35.29, for a total value of $570,851.04.
• On Thursday, July 2nd, Elena Gomez sold 11,605 shares of Toast stock. The stock was sold at an average price of $28.85, for a total value of $334,804.25.

Toast Stock Performance

Shares of TOST stock opened at $34.47 on Friday. The firm has a market capitalization of $17.72 billion, a price-to-earnings ratio of 44.19 and a beta of 1.72. Toast, Inc. has a fifty-two week low of $22.26 and a fifty-two week high of $46.11. The stock’s 50-day simple moving average is $28.44 and its 200-day simple moving average is $27.90.

Toast (NYSE:TOST) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Toast had a return on equity of 23.90% and a net margin of 7.14%.The company’s quarterly revenue was up 23.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.13 EPS. As a group, equities analysts forecast that Toast, Inc. will post 0.98 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TOST. Rothschild & Co Redburn reissued a “neutral” rating and issued a $35.00 price objective on shares of Toast in a report on Tuesday, May 12th. UBS Group raised their target price on Toast from $34.00 to $39.00 and gave the company a “buy” rating in a research report on Wednesday. The Goldman Sachs Group upgraded Toast from a “neutral” rating to a “buy” rating and set a $36.00 price target for the company in a research note on Thursday, July 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Toast in a research report on Wednesday, May 20th. Finally, Zacks Research lowered Toast from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 7th. Seventeen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.62.

Institutional Investors Weigh In On Toast

Several institutional investors have recently bought and sold shares of TOST. Ballast Inc. acquired a new position in shares of Toast during the second quarter valued at approximately $214,000. Canvas Wealth Advisors LLC acquired a new position in Toast in the 2nd quarter valued at $345,000. Arkfeld Wealth Strategies L.L.C. raised its position in shares of Toast by 138.8% in the second quarter. Arkfeld Wealth Strategies L.L.C. now owns 264,821 shares of the company’s stock valued at $7,807,000 after buying an additional 153,928 shares during the last quarter. Stonekeep Investments LLC purchased a new position in shares of Toast in the second quarter worth about $208,000. Finally, Handelsbanken Fonder AB raised its holdings in Toast by 12.0% in the 2nd quarter. Handelsbanken Fonder AB now owns 151,500 shares of the company’s stock valued at $4,215,000 after acquiring an additional 16,200 shares during the last quarter. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Toast

Here are the key news stories impacting Toast this week:

• Positive Sentiment: Analysts raise price targets: BMO Capital Markets lifted its Toast price target to $40, while Needham and Keefe, Bruyette & Woods also expressed expectations for meaningful appreciation. These calls reinforce the bullish case following Toast’s growth and improving profitability. BMO Capital Markets Raises Toast Price Target Needham Forecasts Toast Price Appreciation Keefe Bruyette Woods Toast Outlook
• Positive Sentiment: AI and partnership momentum: A report highlights Toast’s AI initiatives and relationships with Google and hotel operators as potential catalysts for expanding its addressable market and strengthening the long-term growth story. Toast AI, Google, and Hotel Partnership Report
• Positive Sentiment: Options activity signals bullish positioning: High trading volume in Toast call options suggests some traders are positioning for additional upside, although options activity is a market signal rather than a change in fundamentals. Toast High Call Option Volume
• Neutral Sentiment: Mixed quarterly results: Toast exceeded revenue expectations, reporting $1.91 billion, up 23.1% year over year, but adjusted earnings per share fell short of consensus estimates. The revenue growth supports the bull case, while the earnings miss raises questions about execution and near-term margins. Toast Second Quarter Sales Report
• Negative Sentiment: Valuation concerns: A Seeking Alpha analysis recommended trimming the position, arguing that Toast’s valuation could become difficult to justify if growth or profitability slows. This is a risk after the stock’s recent rally. Toast Valuation Downgrade
• Negative Sentiment: Executives sell shares: CEO Aman Narang sold approximately $4.9 million of Toast stock, while the CFO and CRO also sold shares. Because the transactions were made under pre-arranged Rule 10b5-1 plans, they may reflect scheduled diversification rather than diminished confidence, but the volume can still weigh on sentiment.

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.