Stephen Fredette Sells 44,056 Shares of Toast, Inc. (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) President Stephen Fredette sold 44,056 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $35.15, for a total transaction of $1,548,568.40. Following the transaction, the president now directly owns 1,447,717 shares of the company’s stock, valued at $50,887,252.55. This represents a 2.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Stephen Fredette also recently made the following trade(s):

• On Monday, March 17th, Stephen Fredette sold 47,073 shares of Toast stock. The stock was sold at an average price of $35.03, for a total value of $1,648,967.19.
• On Wednesday, March 12th, Stephen Fredette sold 300 shares of Toast stock. The shares were sold at an average price of $35.00, for a total value of $10,500.00.
• On Friday, March 7th, Stephen Fredette sold 70,340 shares of Toast stock. The stock was sold at an average price of $33.87, for a total value of $2,382,415.80.
• On Tuesday, February 4th, Stephen Fredette sold 1,068 shares of Toast stock. The stock was sold at an average price of $39.63, for a total value of $42,324.84.

Toast Trading Down 1.9 %

Shares of NYSE TOST opened at $35.20 on Friday. Toast, Inc. has a 12-month low of $21.32 and a 12-month high of $44.12. The firm has a market capitalization of $17.39 billion, a price-to-earnings ratio of -3,516.78, a price-to-earnings-growth ratio of 2.16 and a beta of 1.99. The firm has a 50 day moving average of $37.82 and a 200 day moving average of $35.07.

Toast (NYSE:TOST) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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. Sell-side analysts predict that Toast, Inc. will post 0.39 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on TOST shares. Royal Bank of Canada raised their price objective on shares of Toast from $40.00 to $45.00 and gave the company a “sector perform” rating in a research note on Thursday, February 20th. BNP Paribas set a $37.00 price target on shares of Toast and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Toast in a research report on Thursday, February 20th. Morgan Stanley lifted their target price on Toast from $46.00 to $50.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Finally, Robert W. Baird boosted their price target on Toast from $38.00 to $40.00 and gave the stock a “neutral” 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 assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $40.48.

Institutional Trading of Toast

A number of hedge funds and other institutional investors have recently bought and sold shares of TOST. Blue Trust Inc. lifted its position 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 buying an additional 378 shares in the last quarter. Piscataqua Savings Bank bought a new stake in Toast during the 4th quarter worth approximately $26,000. Stonebridge Financial Group LLC purchased a new position in Toast during the fourth quarter valued at approximately $34,000. SBI Securities Co. Ltd. purchased a new position in Toast during the fourth quarter valued at approximately $35,000. Finally, Wingate Wealth Advisors Inc. bought a new position in shares of Toast in the fourth quarter worth approximately $40,000. 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.