Toast, Inc. (NYSE:TOST) Insider James Michael Matlock Sells 4,151 Shares

Toast, Inc. (NYSE:TOST) insider James Michael Matlock sold 4,151 shares of Toast stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $23.19, for a total value of $96,261.69. Following the completion of the sale, the insider now owns 46,510 shares in the company, valued at $1,078,566.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

James Michael Matlock also recently made the following trade(s):

• On Monday, April 15th, James Michael Matlock sold 798 shares of Toast stock. The shares were sold at an average price of $22.99, for a total value of $18,346.02.
• On Tuesday, April 2nd, James Michael Matlock sold 1,205 shares of Toast stock. The shares were sold at an average price of $23.40, for a total value of $28,197.00.
• On Friday, March 15th, James Michael Matlock sold 787 shares of Toast stock. The shares were sold at an average price of $23.59, for a total value of $18,565.33.

Toast Trading Up 3.6 %

Toast stock opened at $23.56 on Tuesday. The firm has a market capitalization of $10.63 billion, a P/E ratio of -46.20 and a beta of 1.77. The stock has a fifty day moving average price of $23.60 and a 200 day moving average price of $19.48. Toast, Inc. has a 52 week low of $13.77 and a 52 week high of $27.00.

Toast (NYSE:TOST) last posted its quarterly earnings results on Thursday, February 15th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.04. Toast had a negative return on equity of 21.77% and a negative net margin of 6.36%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the business earned ($0.19) earnings per share. The firm’s quarterly revenue was up 34.7% compared to the same quarter last year. As a group, equities analysts predict that Toast, Inc. will post -0.22 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TOST. Mizuho reaffirmed a “neutral” rating and set a $17.00 price objective on shares of Toast in a report on Wednesday, March 27th. Robert W. Baird lifted their price objective on Toast from $24.00 to $28.00 and gave the stock an “outperform” rating in a report on Monday, April 15th. Wells Fargo & Company lifted their price objective on Toast from $15.00 to $17.00 and gave the stock an “underweight” rating in a report on Friday, April 12th. UBS Group lifted their price objective on Toast from $22.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Finally, Keefe, Bruyette & Woods assumed coverage on Toast in a report on Tuesday, April 9th. They set a “market perform” rating and a $25.00 price objective for the company. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $24.32.

Institutional Investors Weigh In On Toast

Large investors have recently modified their holdings of the stock. Harbor Investment Advisory LLC acquired a new stake in Toast during the 1st quarter valued at approximately $37,000. Baystate Wealth Management LLC bought a new position in Toast during the 3rd quarter worth approximately $29,000. Principal Securities Inc. bought a new stake in shares of Toast in the 4th quarter worth approximately $30,000. BluePath Capital Management LLC bought a new stake in shares of Toast in the 3rd quarter worth approximately $30,000. Finally, Cape Investment Advisory Inc. bought a new stake in shares of Toast in the 4th quarter worth approximately $31,000. 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.