Toast, Inc. (NYSE:TOST) CRO Sells $42,486.36 in Stock

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 1,367 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $31.08, for a total transaction of $42,486.36. Following the sale, the executive now directly owns 39,834 shares of the company’s stock, valued at approximately $1,238,040.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Jonathan Vassil also recently made the following trade(s):

• On Friday, October 18th, Jonathan Vassil sold 50,000 shares of Toast stock. The shares were sold at an average price of $30.39, for a total transaction of $1,519,500.00.
• On Wednesday, October 2nd, Jonathan Vassil sold 4,780 shares of Toast stock. The shares were sold at an average price of $27.77, for a total value of $132,740.60.

Toast Price Performance

NYSE TOST traded up $0.49 during mid-day trading on Tuesday, reaching $30.81. 5,775,103 shares of the stock were exchanged, compared to its average volume of 7,069,465. The stock has a 50 day simple moving average of $27.49 and a 200-day simple moving average of $25.70. Toast, Inc. has a one year low of $13.77 and a one year high of $31.57.

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 company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the business earned ($0.19) EPS. The firm’s revenue was up 27.0% compared to the same quarter last year. On average, sell-side analysts forecast that Toast, Inc. will post -0.1 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Robert W. Baird upped their price objective on Toast from $28.00 to $30.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Royal Bank of Canada restated a “sector perform” rating and issued a $27.00 price target on shares of Toast in a research note on Wednesday, August 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $30.00 price target on shares of Toast in a report on Wednesday, August 7th. The Goldman Sachs Group increased their price objective on shares of Toast from $29.00 to $33.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Toast from $24.00 to $30.00 and gave the stock a “hold” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $29.30.

Hedge Funds Weigh In On Toast

Several institutional investors have recently added to or reduced their stakes in the business. West Branch Capital LLC acquired a new stake in shares of Toast during the 2nd quarter worth approximately $26,000. LRI Investments LLC bought a new position in Toast during the first quarter worth $27,000. Toth Financial Advisory Corp acquired a new stake in Toast in the third quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Toast in the second quarter valued at $33,000. Finally, 1620 Investment Advisors Inc. bought a new position in shares of Toast during the 2nd quarter worth about $34,000. 82.91% of the stock is owned by institutional investors and hedge funds.

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.