Toast, Inc. (NYSE:TOST) President Sells $10,500.00 in Stock

Toast, Inc. (NYSE:TOST) President Stephen Fredette sold 300 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $35.00, for a total value of $10,500.00. Following the transaction, the president now owns 1,538,846 shares in the company, valued at $53,859,610. This trade represents a 0.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Stephen Fredette also recently made the following trade(s):

• On Friday, March 7th, Stephen Fredette sold 70,340 shares of Toast stock. The stock was sold at an average price of $33.87, for a total value of $2,382,415.80.
• On Tuesday, February 4th, Stephen Fredette sold 1,068 shares of Toast stock. The stock was sold at an average price of $39.63, for a total value of $42,324.84.

Toast Stock Up 5.5 %

NYSE:TOST opened at $34.41 on Monday. The business’s 50-day moving average price is $38.05 and its 200 day moving average price is $34.78. The firm has a market cap of $17.00 billion, a P/E ratio of -3,437.06, a PEG ratio of 2.16 and a beta of 1.99. Toast, Inc. has a 52-week low of $21.32 and a 52-week high of $44.12.

Toast (NYSE:TOST) last released its earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. Toast had a return on equity of 1.54% and a net margin of 0.40%. Sell-side analysts expect that Toast, Inc. will post 0.39 EPS for the current year.

Analyst Ratings Changes

TOST has been the topic of a number of recent research reports. Wells Fargo & Company raised their target price on Toast from $25.00 to $30.00 and gave the company an “underweight” rating in a research note on Thursday, January 16th. JPMorgan Chase & Co. raised their target price on Toast from $36.00 to $42.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Keefe, Bruyette & Woods raised their target price on Toast from $40.00 to $42.00 and gave the company a “market perform” rating in a research note on Thursday, February 20th. BNP Paribas set a $37.00 target price on Toast and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Finally, Oppenheimer initiated coverage on Toast in a research note on Friday, January 24th. They issued an “outperform” rating and a $46.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, Toast has a consensus rating of “Hold” and a consensus price target of $40.48.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Toast by 10.8% in the 4th quarter. Vanguard Group Inc. now owns 42,474,232 shares of the company’s stock worth $1,548,186,000 after purchasing an additional 4,147,430 shares in the last quarter. Capital International Investors increased its stake in Toast by 1.9% in the 4th quarter. Capital International Investors now owns 41,961,233 shares of the company’s stock worth $1,529,657,000 after purchasing an additional 785,641 shares in the last quarter. FMR LLC increased its stake in Toast by 22.1% in the 4th quarter. FMR LLC now owns 29,853,639 shares of the company’s stock worth $1,088,165,000 after purchasing an additional 5,403,896 shares in the last quarter. ValueAct Holdings L.P. purchased a new position in Toast in the 3rd quarter worth about $438,301,000. Finally, State Street Corp increased its stake in Toast by 2.5% in the 3rd quarter. State Street Corp now owns 8,325,292 shares of the company’s stock worth $235,689,000 after purchasing an additional 206,789 shares in the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.

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.