Stephen Fredette Sells 5,511 Shares of Toast, Inc. (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) President Stephen Fredette sold 5,511 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $27.77, for a total value of $153,040.47. Following the sale, the president now directly owns 1,841,468 shares in the company, valued at approximately $51,137,566.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, September 30th, Stephen Fredette sold 812 shares of Toast stock. The stock was sold at an average price of $28.28, for a total value of $22,963.36.
• On Friday, September 27th, Stephen Fredette sold 181,304 shares of Toast stock. The shares were sold at an average price of $28.56, for a total transaction of $5,178,042.24.
• On Monday, September 23rd, Stephen Fredette sold 8,057 shares of Toast stock. The stock was sold at an average price of $28.02, for a total transaction of $225,757.14.
• On Friday, September 20th, Stephen Fredette sold 144,238 shares of Toast stock. The shares were sold at an average price of $27.34, for a total transaction of $3,943,466.92.
• On Wednesday, September 18th, Stephen Fredette sold 800 shares of Toast stock. The stock was sold at an average price of $27.00, for a total value of $21,600.00.
• On Thursday, September 12th, Stephen Fredette sold 101,574 shares of Toast stock. The shares were sold at an average price of $25.73, for a total value of $2,613,499.02.
• On Tuesday, September 10th, Stephen Fredette sold 211,686 shares of Toast stock. The stock was sold at an average price of $23.57, for a total value of $4,989,439.02.
• On Friday, August 2nd, Stephen Fredette sold 1,127 shares of Toast stock. The shares were sold at an average price of $24.00, for a total value of $27,048.00.

Toast Stock Up 3.2 %

TOST stock opened at $28.77 on Friday. The company’s 50-day moving average price is $25.39 and its two-hundred day moving average price is $24.82. The firm has a market cap of $13.26 billion, a P/E ratio of -57.54 and a beta of 1.76. Toast, Inc. has a 12 month low of $13.77 and a 12 month high of $29.92.

Toast (NYSE:TOST) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.02 earnings per share (EPS) 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 business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period last year, the firm posted ($0.19) earnings per share. The firm’s quarterly revenue was up 27.0% compared to the same quarter last year. Equities analysts predict that Toast, Inc. will post -0.1 EPS for the current year.

Hedge Funds Weigh In On Toast

Institutional investors have recently modified their holdings of the business. Whale Rock Capital Management LLC bought a new position in Toast in the first quarter valued at about $179,111,000. Capital International Investors increased its position in Toast by 12.2% during the 1st quarter. Capital International Investors now owns 32,924,082 shares of the company’s stock worth $820,468,000 after purchasing an additional 3,574,397 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Toast by 21.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,524,700 shares of the company’s stock valued at $486,557,000 after purchasing an additional 3,445,788 shares during the last quarter. Marshall Wace LLP boosted its position in Toast by 175.8% in the second quarter. Marshall Wace LLP now owns 2,517,288 shares of the company’s stock valued at $64,871,000 after buying an additional 1,604,716 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Toast by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 36,677,371 shares of the company’s stock worth $669,729,000 after buying an additional 1,598,248 shares during the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TOST. Mizuho raised Toast from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $21.00 to $33.00 in a research report on Thursday, July 18th. Needham & Company LLC reiterated a “buy” rating and issued a $30.00 price target on shares of Toast in a research note on Wednesday, August 7th. Royal Bank of Canada restated a “sector perform” rating and set a $27.00 price objective on shares of Toast in a research note on Wednesday, August 7th. Wedbush upgraded shares of Toast to a “strong-buy” rating in a research note on Friday, September 6th. Finally, Morgan Stanley boosted their price target on Toast from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $28.33.

About Toast

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.