Toast (NYSE:TOST) CEO Aman Narang Sells 124,542 Shares of Stock

Toast, Inc. (NYSE:TOST) CEO Aman Narang sold 124,542 shares of the business’s stock in a transaction that occurred 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. This represents a 41.51% 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.

Aman Narang also recently made the following trade(s):

• On Thursday, August 6th, Aman Narang sold 13,510 shares of Toast stock. The shares were sold at an average price of $35.02, for a total value of $473,120.20.
• On Thursday, July 2nd, Aman Narang sold 14,365 shares of Toast stock. The shares were sold at an average price of $28.85, for a total value of $414,430.25.

Toast Stock Performance

Shares of TOST opened at $34.47 on Friday. Toast, Inc. has a 52-week low of $22.26 and a 52-week high of $46.11. The firm has a market cap of $17.72 billion, a price-to-earnings ratio of 44.19 and a beta of 1.72. The business’s fifty day moving average is $28.44 and its 200-day moving average is $27.90.

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TOST shares. Canaccord Genuity Group set a $40.00 price target on shares of Toast in a report on Wednesday. BMO Capital Markets increased their price objective on shares of Toast from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday. Jefferies Financial Group set a $40.00 target price on shares of Toast in a research report on Wednesday. Citigroup boosted their target price on shares of Toast from $36.00 to $39.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Keefe, Bruyette & Woods upped their price target on shares of Toast from $30.00 to $35.00 and gave the stock a “market perform” rating in a report on Wednesday. Seventeen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $38.62.

Institutional Investors Weigh In On Toast

Several hedge funds have recently added to or reduced their stakes in TOST. BOKF NA lifted its position in shares of Toast by 4.5% during the 3rd quarter. BOKF NA now owns 8,023 shares of the company’s stock worth $293,000 after buying an additional 345 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its holdings in shares of 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 holdings in shares of 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 increased its position 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 acquiring an additional 381 shares during the last quarter. Finally, HM Payson & Co. increased its position 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 acquiring an additional 392 shares during the last quarter. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Key Toast News

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.

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.