Toast (NYSE:TOST) CFO Sells $321,960.24 in Stock

Toast, Inc. (NYSE:TOST) CFO Elena Gomez sold 9,054 shares of the firm’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $35.56, for a total value of $321,960.24. Following the transaction, the chief financial officer directly owned 149,572 shares in the company, valued at $5,318,780.32. This trade represents a 5.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• On Monday, August 4th, Elena Gomez sold 2,006 shares of Toast stock. The shares were sold at an average price of $48.38, for a total value of $97,050.28.

Toast Stock Performance

Shares of TOST opened at $36.58 on Friday. The firm has a market capitalization of $18.66 billion, a price-to-earnings ratio of 107.60 and a beta of 1.94. Toast, Inc. has a one year low of $27.65 and a one year high of $49.66. The stock’s fifty day moving average is $42.32 and its 200-day moving average is $40.82.

Toast (NYSE:TOST) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.10). The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.52 billion. Toast had a net margin of 4.07% and a return on equity of 14.19%. Toast’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same period last year, the business posted $0.02 earnings per share. Analysts forecast that Toast, Inc. will post 0.39 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on TOST. Needham & Company LLC lifted their target price on Toast from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Morgan Stanley lifted their target price on Toast from $50.00 to $54.00 and gave the stock an “overweight” rating in a report on Wednesday, August 6th. Truist Financial lifted their target price on Toast from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, July 17th. Jefferies Financial Group lifted their target price on Toast from $50.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Finally, Keefe, Bruyette & Woods lowered their target price on Toast from $50.00 to $42.00 and set a “market perform” rating on the stock in a report on Wednesday. Fifteen equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Toast has a consensus rating of “Moderate Buy” and an average price target of $46.30.

Hedge Funds Weigh In On Toast

A number of hedge funds and other institutional investors have recently modified their holdings of TOST. RiverPark Advisors LLC acquired a new position in shares of Toast in the 2nd quarter valued at $30,000. Ameritas Advisory Services LLC acquired a new position in shares of Toast in the 2nd quarter valued at $31,000. Wayfinding Financial LLC acquired a new position in shares of Toast in the 1st quarter valued at $34,000. REAP Financial Group LLC boosted its position in shares of Toast by 173.3% in the 2nd quarter. REAP Financial Group LLC now owns 798 shares of the company’s stock valued at $35,000 after purchasing an additional 506 shares during the period. Finally, Piscataqua Savings Bank lifted its stake in Toast by 57.1% in the 1st quarter. Piscataqua Savings Bank now owns 1,100 shares of the company’s stock worth $36,000 after acquiring an additional 400 shares in the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

Toast Company Profile

Toast, Inc operates a cloud-based digital technology platform for the restaurant industry in the United States, Ireland, and India. The company offers software products for restaurant operations and point of sale, such as Toast POS, Toast now, multi-location management, kitchen display system, Toast mobile order and pay, Toast catering and events, Toast invoicing, Toast tables, and restaurant retail; and hardware products, including Toast flex, Toast flex for guest, Toast go 2, Toast tap, kiosks, and Delphi by Toast.