Toast, Inc. (NYSE:TOST) General Counsel Sells $9,117,000.00 in Stock

Toast, Inc. (NYSE:TOST) General Counsel Brian R. Elworthy sold 300,000 shares of the business’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $30.39, for a total value of $9,117,000.00. Following the sale, the general counsel now directly owns 177,836 shares of the company’s stock, valued at $5,404,436.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Toast Price Performance

Shares of NYSE:TOST opened at $30.03 on Friday. The company has a market capitalization of $13.84 billion, a PE ratio of -103.55 and a beta of 1.76. The business has a fifty day moving average price of $26.66 and a two-hundred day moving average price of $25.33. Toast, Inc. has a 1 year low of $13.77 and a 1 year high of $30.70.

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 return on equity of 11.27% and a negative net margin of 3.10%. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the company earned ($0.19) EPS. The business’s revenue for the quarter was up 27.0% on a year-over-year basis. Sell-side analysts anticipate that Toast, Inc. will post -0.1 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TOST shares. Mizuho upgraded Toast from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $21.00 to $33.00 in a research report on Thursday, July 18th. Wedbush upgraded Toast to a “strong-buy” rating in a research report on Friday, September 6th. Needham & Company LLC restated a “buy” rating and set a $30.00 target price on shares of Toast in a research report on Wednesday, August 7th. Robert W. Baird boosted their target price on Toast from $28.00 to $30.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Finally, Stephens boosted their target price on Toast from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.94.

Institutional Trading of Toast

Institutional investors have recently added to or reduced their stakes in the stock. West Branch Capital LLC purchased a new stake in Toast during the 2nd quarter worth about $26,000. LRI Investments LLC bought a new position in Toast in the 1st quarter worth about $27,000. Toth Financial Advisory Corp bought a new position in Toast in the 3rd quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Toast in the 2nd quarter worth about $33,000. Finally, 1620 Investment Advisors Inc. bought a new position in Toast in the 2nd quarter worth about $34,000. Hedge funds and other institutional investors 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.