Jonathan Vassil Sells 13,931 Shares of Toast (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 13,931 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $36.01, for a total transaction of $501,655.31. Following the transaction, the executive directly owned 69,966 shares of the company’s stock, valued at approximately $2,519,475.66. This trade represents a 16.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jonathan Vassil also recently made the following trade(s):

• 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 value of $496,829.97.
• On Wednesday, August 5th, Jonathan Vassil sold 4,700 shares of Toast stock. The shares were sold at an average price of $36.02, for a total value of $169,294.00.
• On Monday, August 3rd, Jonathan Vassil sold 14,280 shares of Toast stock. The stock was sold at an average price of $32.89, for a total value of $469,669.20.
• On Tuesday, July 7th, Jonathan Vassil sold 3,150 shares of Toast stock. The stock was sold at an average price of $30.03, for a total value of $94,594.50.
• On Thursday, July 2nd, Jonathan Vassil sold 6,647 shares of Toast stock. The stock was sold at an average price of $28.85, for a total value of $191,765.95.

Toast Stock Up 3.7%

Shares of NYSE:TOST opened at $36.61 on Friday. Toast, Inc. has a 52-week low of $22.26 and a 52-week high of $45.64. The stock’s fifty day simple moving average is $30.43 and its 200-day simple moving average is $28.06. The company has a market capitalization of $18.82 billion, a P/E ratio of 46.94 and a beta of 1.72.

Toast (NYSE:TOST) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). Toast had a return on equity of 23.90% and a net margin of 7.14%.The company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the prior year, the business posted $0.13 EPS. The company’s revenue for the quarter was up 23.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Toast, Inc. will post 1 earnings per share for the current year.

Hedge Funds Weigh In On Toast

A number of large investors have recently modified their holdings of the company. BOKF NA raised its holdings in shares of Toast by 4.5% during the 3rd quarter. BOKF NA now owns 8,023 shares of the company’s stock valued at $293,000 after buying an additional 345 shares during the period. Fifth Third Wealth Advisors LLC grew its position in Toast by 0.5% in the first quarter. Fifth Third Wealth Advisors LLC now owns 67,909 shares of the company’s stock valued at $1,800,000 after acquiring an additional 358 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Toast by 1.7% in the second quarter. The Manufacturers Life Insurance Company now owns 22,857 shares of the company’s stock valued at $1,012,000 after acquiring an additional 380 shares in the last quarter. Seven Mile Advisory raised its stake in shares of Toast by 3.1% during the third quarter. Seven Mile Advisory now owns 12,689 shares of the company’s stock valued at $463,000 after purchasing an additional 381 shares during the period. Finally, HM Payson & Co. raised its stake in shares of Toast by 6.2% during the fourth quarter. HM Payson & Co. now owns 6,742 shares of the company’s stock valued at $239,000 after purchasing an additional 392 shares during the period. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on TOST shares. Robert W. Baird upped their price objective on shares of Toast from $30.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Toast in a research note on Monday, August 17th. DA Davidson boosted their price target on Toast from $30.00 to $34.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Wall Street Zen lowered Toast from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Finally, Wells Fargo & Company raised their price objective on Toast from $36.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Seventeen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, Toast currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

About Toast

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.