Insider Selling: Toast, Inc. (NYSE:TOST) Director Sells 125,000 Shares of Stock

Toast, Inc. (NYSE:TOST) Director Christopher P. Comparato sold 125,000 shares of the business’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $29.21, for a total transaction of $3,651,250.00. Following the completion of the sale, the director now directly owns 134,627 shares of the company’s stock, valued at approximately $3,932,454.67. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Toast Price Performance

Shares of TOST traded up $0.78 during mid-day trading on Friday, reaching $30.32. 6,161,373 shares of the company’s stock were exchanged, compared to its average volume of 7,186,082. The business’s fifty day simple moving average is $26.13 and its 200-day simple moving average is $25.11. Toast, Inc. has a 52-week low of $13.77 and a 52-week high of $30.70. The stock has a market capitalization of $13.73 billion, a PE ratio of -60.64 and a beta of 1.76.

Toast (NYSE:TOST) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. Toast had a negative net margin of 3.10% and a negative return on equity of 11.27%. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the firm posted ($0.19) EPS. Toast’s quarterly revenue was up 27.0% on a year-over-year basis. Equities research analysts predict that Toast, Inc. will post -0.1 earnings per share for the current year.

Wall Street Analyst Weigh In

TOST has been the topic of a number of recent research reports. The Goldman Sachs Group boosted their price target on shares of Toast from $29.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday. Stephens lifted their price objective on shares of Toast from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Friday. Royal Bank of Canada reissued a “sector perform” rating and issued a $27.00 target price on shares of Toast in a report on Wednesday, August 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $30.00 price objective on shares of Toast in a research report on Wednesday, August 7th. Finally, Robert W. Baird raised their target price on Toast from $28.00 to $30.00 and gave the stock a “neutral” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $28.78.

Institutional Investors Weigh In On Toast

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. West Branch Capital LLC purchased a new position in Toast during the second quarter worth $26,000. LRI Investments LLC purchased a new stake in shares of Toast during the first quarter worth about $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Toast in the second quarter valued at approximately $33,000. 1620 Investment Advisors Inc. purchased a new position in shares of Toast during the second quarter valued at approximately $34,000. Finally, Harbor Investment Advisory LLC purchased a new stake in Toast in the 1st quarter worth approximately $37,000. 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.