Christopher P. Comparato Sells 70,000 Shares of Toast, Inc. (NYSE:TOST) Stock

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

Toast Price Performance

Shares of NYSE:TOST opened at $35.20 on Friday. The company has a market capitalization of $17.39 billion, a P/E ratio of -3,516.78, a P/E/G ratio of 2.16 and a beta of 1.99. Toast, Inc. has a 1-year low of $21.32 and a 1-year high of $44.12. The firm’s 50 day simple moving average is $37.82 and its two-hundred day simple moving average is $35.07.

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

Institutional Trading of Toast

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. boosted its holdings in shares of Toast by 120.4% during the 4th quarter. Blue Trust Inc. now owns 692 shares of the company’s stock valued at $25,000 after purchasing an additional 378 shares during the last quarter. Piscataqua Savings Bank bought a new position in Toast during the fourth quarter valued at approximately $26,000. Stonebridge Financial Group LLC purchased a new position in Toast during the 4th quarter valued at approximately $34,000. SBI Securities Co. Ltd. purchased a new position in shares of Toast in the fourth quarter valued at $35,000. Finally, Wingate Wealth Advisors Inc. purchased a new position in shares of Toast in the 4th quarter worth $40,000. 82.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TOST shares. Morgan Stanley raised their price target on Toast from $46.00 to $50.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 price objective on shares of Toast in a report on Thursday, February 20th. Wells Fargo & Company upped their target price on shares of 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 shares of Toast and gave the company a “neutral” rating in a report on Wednesday, February 19th. Finally, Canaccord Genuity Group raised their target price on shares of Toast from $43.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $40.48.

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.