Toast, Inc. (NYSE:TOST) President Sells $2,382,415.80 in Stock

Toast, Inc. (NYSE:TOST) President Stephen Fredette sold 70,340 shares of Toast stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $33.87, for a total transaction of $2,382,415.80. Following the sale, the president now directly owns 1,574,316 shares in the company, valued at approximately $53,322,082.92. The trade was a 4.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• 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 Trading Down 0.1 %

TOST traded down $0.04 on Tuesday, hitting $33.45. 7,023,299 shares of the company’s stock were exchanged, compared to its average volume of 6,687,996. Toast, Inc. has a twelve month low of $21.32 and a twelve month high of $44.12. The stock has a fifty day moving average of $38.29 and a two-hundred day moving average of $34.51. The firm has a market cap of $16.52 billion, a PE ratio of -3,341.46, a P/E/G ratio of 2.16 and a beta of 1.99.

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

Institutional Investors Weigh In On Toast

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Makena Capital Management LLC lifted its stake in Toast by 7.6% during the third quarter. Makena Capital Management LLC now owns 274,392 shares of the company’s stock valued at $7,768,000 after buying an additional 19,371 shares in the last quarter. KBC Group NV boosted its holdings in Toast by 66.5% in the third quarter. KBC Group NV now owns 42,838 shares of the company’s stock worth $1,213,000 after purchasing an additional 17,106 shares in the last quarter. Geode Capital Management LLC increased its position in Toast by 2.3% during the third quarter. Geode Capital Management LLC now owns 6,865,934 shares of the company’s stock worth $193,992,000 after acquiring an additional 155,212 shares during the period. MML Investors Services LLC raised its position in shares of Toast by 40.6% during the third quarter. MML Investors Services LLC now owns 228,313 shares of the company’s stock valued at $6,464,000 after buying an additional 65,957 shares during the last quarter. Finally, Qsemble Capital Management LP lifted its position in shares of Toast by 52.1% in the 3rd quarter. Qsemble Capital Management LP now owns 67,796 shares of the company’s stock worth $1,919,000 after acquiring an additional 23,231 shares during the period. 82.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on TOST shares. JPMorgan Chase & Co. lifted their price target on shares of Toast from $36.00 to $42.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. Morgan Stanley increased their price objective on shares of Toast from $46.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday, February 20th. Compass Point began coverage on Toast in a report on Wednesday, November 20th. They issued a “buy” rating and a $49.00 price target for the company. UBS Group increased their price objective on Toast from $41.00 to $47.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Finally, 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. One analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus 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.