Toast, Inc. (NYSE:TOST) Director Deval L. Patrick Sells 34,222 Shares of Stock

Toast, Inc. (NYSE:TOST) Director Deval L. Patrick sold 34,222 shares of the stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $33.01, for a total value of $1,129,668.22. Following the completion of the sale, the director now owns 13,260 shares in the company, valued at approximately $437,712.60. This trade represents a 72.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Toast Stock Up 5.5 %

NYSE:TOST opened at $34.41 on Friday. The stock’s 50-day simple moving average is $38.12 and its 200 day simple moving average is $34.56. The firm has a market capitalization of $17.00 billion, a PE ratio of -3,437.06, a price-to-earnings-growth ratio of 2.16 and a beta of 1.99. Toast, Inc. has a twelve month low of $21.32 and a twelve month high of $44.12.

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

Analyst Upgrades and Downgrades

TOST has been the topic of a number of research analyst reports. BNP Paribas set a $37.00 price target on Toast and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Royal Bank of Canada increased their price target on Toast from $40.00 to $45.00 and gave the company a “sector perform” rating in a research note on Thursday, February 20th. Wells Fargo & Company increased their price target on Toast from $25.00 to $30.00 and gave the company an “underweight” rating in a research note on Thursday, January 16th. The Goldman Sachs Group set a $40.00 price objective on Toast and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Finally, UBS Group increased their price objective on Toast from $41.00 to $47.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $40.48.

Institutional Trading of Toast

Several large investors have recently bought and sold shares of the business. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Toast in the fourth quarter valued at about $2,296,000. Pinnacle Wealth Planning Services Inc. bought a new stake in shares of Toast during the fourth quarter worth about $280,000. Garde Capital Inc. bought a new stake in shares of Toast during the fourth quarter worth about $123,000. Ascent Group LLC grew its holdings in shares of Toast by 10.4% during the fourth quarter. Ascent Group LLC now owns 19,380 shares of the company’s stock worth $706,000 after purchasing an additional 1,830 shares during the last quarter. Finally, Mackenzie Financial Corp grew its holdings in shares of Toast by 0.6% during the fourth quarter. Mackenzie Financial Corp now owns 147,553 shares of the company’s stock worth $5,378,000 after purchasing an additional 825 shares during the last quarter. 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.