Toast (NYSE:TOST) Director Susan Chapman-Hughes Sells 6,885 Shares of Stock

Toast, Inc. (NYSE:TOST) Director Susan Chapman-Hughes sold 6,885 shares of the business’s stock in a transaction on Wednesday, November 11th. The shares were sold at an average price of $34.13, for a total value of $234,985.05. Following the completion of the sale, the director owned 7,645 shares in the company, valued at $260,923.85. This represents a 47.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Toast Trading Down 1.6%

TOST opened at $33.55 on Friday. The stock’s 50-day moving average price is $31.85 and its 200 day moving average price is $29.42. Toast, Inc. has a 12-month low of $22.26 and a 12-month high of $37.64. The firm has a market cap of $17.41 billion, a price-to-earnings ratio of 36.67 and a beta of 1.74.

Toast (NYSE:TOST) last released its earnings results on Tuesday, November 3rd. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.08). The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.97 billion. Toast had a net margin of 7.69% and a return on equity of 26.39%. The business’s revenue was up 21.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.16 earnings per share. On average, research analysts forecast that Toast, Inc. will post 1.08 earnings per share for the current year.

Key Toast News

Here’s some of the latest news about TOST:

• Positive Sentiment: Bakery chain Great Harvest partnered with Toast to support growth and streamline operations, adding a customer win for Toast’s restaurant technology platform. Great Harvest Partners with Toast
• Negative Sentiment: Sanford C. Bernstein cut its rating from Outperform to Market Perform (Hold) and lowered its price target to $38 from $45. The reduced target and more cautious stance may limit investor enthusiasm, even though it remains above the cited share price. Bernstein downgrade
• Negative Sentiment: Director Susan Chapman-Hughes sold 6,885 shares, reducing her position by 47.38%. Insider selling can be viewed as a cautionary signal, though the filing does not state the reason for the sale. SEC filing

Analyst Ratings Changes

A number of brokerages recently weighed in on TOST. Truist Financial lifted their price objective on shares of Toast from $38.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday. BMO Capital Markets increased their target price on shares of Toast from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Wells Fargo & Company increased their target price on shares of Toast from $36.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Weiss Ratings raised shares of Toast from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Finally, Evercore restated an “outperform” rating on shares of Toast in a research note on Wednesday, August 5th. Sixteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Toast has an average rating of “Moderate Buy” and an average price target of $38.46.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. HB Wealth Management LLC grew its holdings in Toast by 2.5% during the 2nd quarter. HB Wealth Management LLC now owns 12,748 shares of the company’s stock worth $355,000 after acquiring an additional 315 shares in the last quarter. Americana Partners LLC raised its holdings in shares of Toast by 4.0% in the 3rd quarter. Americana Partners LLC now owns 11,086 shares of the company’s stock valued at $321,000 after purchasing an additional 422 shares in the last quarter. Whittier Trust Co. lifted its position in shares of Toast by 17.6% during the 3rd quarter. Whittier Trust Co. now owns 3,156 shares of the company’s stock worth $99,000 after purchasing an additional 473 shares during the last quarter. Hickory Point Bank & Trust lifted its position in shares of Toast by 10.0% during the 3rd quarter. Hickory Point Bank & Trust now owns 5,500 shares of the company’s stock worth $159,000 after purchasing an additional 500 shares during the last quarter. Finally, Toth Financial Advisory Corp lifted its position in shares of Toast by 16.9% during the 3rd quarter. Toth Financial Advisory Corp now owns 3,561 shares of the company’s stock worth $103,000 after purchasing an additional 516 shares during the last quarter. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Toast Company Profile

Toast, Inc. provides a cloud-based technology platform designed for restaurants. Its products combine point-of-sale software and hardware with payment processing, helping restaurants manage in-person transactions and day-to-day operations. The platform includes tools for online ordering, delivery, marketing, customer loyalty, payroll, and team management, alongside features for managing menus and restaurant operations. Restaurants can use Toast’s products together or select services to fit their needs.