Christopher P. Comparato Sells 70,000 Shares of Toast, Inc. (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) Director Christopher P. Comparato sold 70,000 shares of the firm’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $35.71, for a total value of $2,499,700.00. Following the completion of the sale, the director now owns 164,796 shares of the company’s stock, valued at approximately $5,884,865.16. This represents a 29.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Toast Stock Performance

TOST stock traded down $0.68 during trading on Friday, reaching $35.20. 6,987,316 shares of the company traded hands, compared to its average volume of 6,500,792. Toast, Inc. has a 12 month low of $21.32 and a 12 month high of $44.12. The business has a 50 day simple moving average of $37.82 and a 200 day simple moving average of $34.99. The company has a market capitalization of $17.39 billion, a price-to-earnings ratio of -3,516.78, a price-to-earnings-growth ratio of 2.16 and a beta of 1.99.

Toast (NYSE:TOST) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The business had revenue of $1.34 billion during 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%. As a group, research analysts forecast that Toast, Inc. will post 0.39 EPS for the current year.

Institutional Investors Weigh In On Toast

Several institutional investors have recently added to or reduced their stakes in TOST. Blue Trust Inc. boosted its holdings in Toast by 120.4% in the fourth quarter. Blue Trust Inc. now owns 692 shares of the company’s stock worth $25,000 after acquiring an additional 378 shares in the last quarter. Piscataqua Savings Bank acquired a new stake in Toast in the fourth quarter worth about $26,000. Stonebridge Financial Group LLC acquired a new stake in Toast in the fourth quarter worth about $34,000. SBI Securities Co. Ltd. acquired a new stake in Toast in the fourth quarter worth about $35,000. Finally, Wingate Wealth Advisors Inc. acquired a new stake in Toast in the fourth quarter worth about $40,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Wall Street Analyst Weigh In

TOST has been the subject of a number of analyst reports. Keefe, Bruyette & Woods raised their price target on Toast from $40.00 to $42.00 and gave the stock a “market perform” rating in a research report on Thursday, February 20th. BNP Paribas set a $37.00 target price on Toast and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Robert W. Baird increased their target price on Toast from $38.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. UBS Group increased their target price on Toast from $41.00 to $47.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. Finally, Oppenheimer assumed 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 investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Toast currently has an average rating of “Hold” and an average target price of $40.48.

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.