Toast, Inc. (NYSE:TOST) General Counsel Brian R. Elworthy Sells 2,573 Shares

Toast, Inc. (NYSE:TOST) General Counsel Brian R. Elworthy sold 2,573 shares of the company’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $25.64, for a total value of $65,971.72. Following the completion of the sale, the general counsel now owns 170,531 shares in the company, valued at approximately $4,372,414.84. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Toast Stock Down 2.5 %

Shares of NYSE TOST traded down $0.64 during trading on Wednesday, hitting $25.35. 3,032,354 shares of the company traded hands, compared to its average volume of 8,080,215. The firm has a market capitalization of $11.48 billion, a P/E ratio of -51.90 and a beta of 1.76. The company has a 50-day moving average price of $24.63 and a 200-day moving average price of $22.20. Toast, Inc. has a 1 year low of $13.77 and a 1 year high of $27.90.

Toast (NYSE:TOST) last posted its quarterly earnings results on Tuesday, May 7th. The company reported ($0.15) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.15). The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.04 billion. Toast had a negative return on equity of 21.45% and a negative net margin of 6.02%. The firm’s quarterly revenue was up 31.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.16) earnings per share. Research analysts predict that Toast, Inc. will post -0.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. LRI Investments LLC acquired a new position in shares of Toast during the first quarter worth about $27,000. Principal Securities Inc. purchased a new stake in shares of Toast during the 4th quarter valued at about $30,000. Cape Investment Advisory Inc. acquired a new position in Toast during the 4th quarter worth approximately $31,000. Harbor Investment Advisory LLC purchased a new position in Toast in the 1st quarter worth approximately $37,000. Finally, Baystate Wealth Management LLC boosted its holdings in Toast by 58.2% in the 4th quarter. Baystate Wealth Management LLC now owns 2,435 shares of the company’s stock worth $44,000 after acquiring an additional 896 shares during the period. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Analysts Set New Price Targets

TOST has been the subject of a number of research analyst reports. BNP Paribas upgraded Toast from a “neutral” rating to an “outperform” rating and set a $30.00 price target for the company in a research report on Thursday, March 7th. UBS Group upped their price target on shares of Toast from $22.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Piper Sandler raised their price objective on shares of Toast from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, May 9th. Wedbush reaffirmed an “outperform” rating and issued a $30.00 target price on shares of Toast in a research note on Thursday, May 30th. Finally, Stephens reissued an “equal weight” rating and set a $28.00 price target on shares of Toast in a research report on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Toast has a consensus rating of “Hold” and a consensus target price of $26.14.

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.