Toast (NYSE:TOST) CFO Elena Gomez Sells 11,886 Shares of Stock

Toast, Inc. (NYSE:TOST) CFO Elena Gomez sold 11,886 shares of the company’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $29.35, for a total transaction of $348,854.10. Following the transaction, the chief financial officer owned 171,957 shares in the company, valued at $5,046,937.95. The trade was a 6.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Monday, August 10th, Elena Gomez sold 5,761 shares of Toast stock. The shares were sold at an average price of $35.37, for a total value of $203,766.57.
• On Friday, August 7th, Elena Gomez sold 2,163 shares of Toast stock. The stock was sold at an average price of $35.10, for a total value of $75,921.30.
• On Thursday, August 6th, Elena Gomez sold 900 shares of Toast stock. The stock was sold at an average price of $35.02, for a total transaction of $31,518.00.
• 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.

Toast Trading Up 1.0%

Shares of NYSE:TOST traded up $0.29 on Monday, hitting $30.08. The company had a trading volume of 12,414,094 shares, compared to its average volume of 11,170,402. The business has a 50 day moving average of $33.06 and a 200 day moving average of $28.96. Toast, Inc. has a 52-week low of $22.26 and a 52-week high of $39.72. The company has a market cap of $15.46 billion, a PE ratio of 38.56 and a beta of 1.74.

Toast (NYSE:TOST) last released its quarterly earnings results 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). Toast had a return on equity of 23.90% and a net margin of 7.14%.The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the business earned $0.13 earnings per share. Toast’s revenue for the quarter was up 23.1% on a year-over-year basis. As a group, equities analysts predict that Toast, Inc. will post 1 EPS for the current year.

Hedge Funds Weigh In On Toast

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TOST. Bayban purchased a new position in shares of Toast during the fourth quarter valued at $25,000. SHP Wealth Management acquired a new stake in shares of Toast in the fourth quarter worth about $29,000. Ancora Advisors LLC acquired a new position in Toast during the second quarter valued at approximately $31,000. Montag A & Associates Inc. raised its holdings in Toast by 172.0% in the 1st quarter. Montag A & Associates Inc. now owns 1,455 shares of the company’s stock worth $39,000 after acquiring an additional 920 shares during the period. Finally, Harbor Investment Advisory LLC lifted its position in Toast by 213.6% during the 2nd quarter. Harbor Investment Advisory LLC now owns 1,568 shares of the company’s stock worth $44,000 after acquiring an additional 1,068 shares during the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

Analyst Upgrades and Downgrades

TOST has been the topic of a number of research analyst reports. Royal Bank Of Canada lifted their target price on Toast from $36.00 to $44.00 and gave the company a “sector perform” rating in a report on Monday, August 31st. Sanford C. Bernstein boosted their price target on Toast from $39.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Piper Sandler increased their price target on shares of Toast from $32.00 to $39.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Robert W. Baird boosted their target price 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. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Toast in a research note on Monday, August 17th. Sixteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $39.12.

About Toast

Toast, Inc (NYSE:TOST) provides a cloud-based technology platform designed for restaurants and other foodservice businesses. Its platform combines point-of-sale hardware and software with tools for payment processing, menu and order management, employee operations, inventory, reporting and customer engagement.

The company’s products and services support in-restaurant, online and delivery orders, as well as gift cards, loyalty programs, marketing and payroll-related functions. Toast also offers restaurant-specific hardware, including terminals, handheld devices, kitchen display systems and self-service kiosks, allowing businesses to manage operations through an integrated technology ecosystem.

Founded in 2011 and headquartered in Boston, Toast initially focused on helping restaurants replace traditional point-of-sale systems with cloud-based technology.