Toast (NYSE:TOST) CFO Sells $43,598.58 in Stock

Toast, Inc. (NYSE:TOST) CFO Elena Gomez sold 1,437 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $30.34, for a total transaction of $43,598.58. Following the transaction, the chief financial officer owned 164,629 shares of the company’s stock, valued at approximately $4,994,843.86. This represents a 0.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Monday, January 5th, Elena Gomez sold 6,672 shares of Toast stock. The stock was sold at an average price of $34.38, for a total transaction of $229,383.36.

Toast Stock Up 2.4%

Shares of TOST stock opened at $27.71 on Friday. Toast, Inc. has a 12-month low of $26.92 and a 12-month high of $49.66. The firm has a fifty day moving average of $34.24 and a 200-day moving average of $37.98. The firm has a market capitalization of $14.27 billion, a price-to-earnings ratio of 64.44 and a beta of 1.93.

Toast (NYSE:TOST) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). Toast had a return on equity of 15.77% and a net margin of 4.68%.The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the prior year, the firm earned $0.07 EPS. The business’s revenue for the quarter was up 25.1% compared to the same quarter last year. Research analysts expect that Toast, Inc. will post 0.39 earnings per share for the current year.

Hedge Funds Weigh In On Toast

Several institutional investors and hedge funds have recently modified their holdings of TOST. Quent Capital LLC bought a new position in shares of Toast in the third quarter valued at about $27,000. RiverPark Advisors LLC acquired a new position in Toast in the 2nd quarter valued at about $30,000. Alpine Bank Wealth Management bought a new position in Toast in the 3rd quarter valued at about $30,000. Ameritas Advisory Services LLC acquired a new stake in Toast during the second quarter worth approximately $31,000. Finally, Central Pacific Bank Trust Division boosted its holdings in shares of Toast by 123.5% during the fourth quarter. Central Pacific Bank Trust Division now owns 943 shares of the company’s stock worth $33,000 after acquiring an additional 521 shares during the period. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TOST. Truist Financial set a $42.00 price objective on shares of Toast in a research note on Tuesday, January 20th. Weiss Ratings reissued a “hold (c-)” rating on shares of Toast in a research report on Monday, December 29th. DA Davidson decreased their price target on Toast from $42.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday. BNP Paribas Exane upgraded Toast from a “hold” rating to an “outperform” rating and set a $40.00 price objective on the stock in a research note on Monday, December 1st. Finally, Citigroup raised shares of Toast to a “strong-buy” rating in a research note on Thursday, October 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have assigned 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 $45.55.

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.