Insider Selling: Toast, Inc. (NYSE:TOST) Director Sells $2,499,700.00 in Stock

Toast, Inc. (NYSE:TOST) Director Christopher P. Comparato sold 70,000 shares of Toast stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $35.71, for a total value of $2,499,700.00. Following the transaction, the director now owns 164,796 shares of the company’s stock, valued at $5,884,865.16. This represents a 29.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Toast Stock Performance

NYSE:TOST opened at $35.20 on Monday. Toast, Inc. has a fifty-two week low of $21.32 and a fifty-two week high of $44.12. The company has a market cap of $17.39 billion, a price-to-earnings ratio of -3,516.78, a PEG ratio of 2.16 and a beta of 1.99. The stock has a fifty day moving average price of $37.82 and a 200-day moving average price of $35.15.

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

Hedge Funds Weigh In On Toast

A number of institutional investors have recently modified their holdings of the business. California State Teachers Retirement System raised its holdings in shares of Toast by 2.9% during the 4th quarter. California State Teachers Retirement System now owns 593,953 shares of the company’s stock worth $21,650,000 after buying an additional 16,684 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Toast by 19.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 22,751 shares of the company’s stock worth $829,000 after buying an additional 3,713 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Toast during the 4th quarter worth $2,296,000. Pinnacle Wealth Planning Services Inc. acquired a new position in Toast in the 4th quarter worth about $280,000. Finally, Garde Capital Inc. acquired a new position in Toast in the 4th quarter worth about $123,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on TOST. Robert W. Baird lifted 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. Keefe, Bruyette & Woods lifted their target price on Toast from $40.00 to $42.00 and gave the stock a “market perform” rating in a research note on Thursday, February 20th. DA Davidson reiterated a “neutral” rating and set a $38.00 target price (down from $44.00) on shares of Toast in a research note on Thursday, December 5th. Wells Fargo & Company lifted their target price on Toast from $25.00 to $30.00 and gave the stock an “underweight” rating in a research note on Thursday, January 16th. Finally, Morgan Stanley boosted their price target on Toast from $46.00 to $50.00 and gave the company an “overweight” rating in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Toast currently has a consensus rating of “Hold” and a consensus target price of $40.48.

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.