Toast, Inc. (NYSE:TOST) CFO Elena Gomez Sells 2,162 Shares

Toast, Inc. (NYSE:TOST) CFO Elena Gomez sold 2,162 shares of Toast stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $24.00, for a total transaction of $51,888.00. Following the sale, the chief financial officer now owns 183,931 shares of the company’s stock, valued at approximately $4,414,344. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Elena Gomez also recently made the following trade(s):

• On Monday, July 1st, Elena Gomez sold 12,500 shares of Toast stock. The stock was sold at an average price of $25.43, for a total transaction of $317,875.00.
• On Wednesday, May 8th, Elena Gomez sold 12,500 shares of Toast stock. The stock was sold at an average price of $26.39, for a total transaction of $329,875.00.

Toast Trading Down 2.2 %

Toast stock traded down $0.54 during trading hours on Monday, reaching $23.91. 9,581,568 shares of the stock were exchanged, compared to its average volume of 7,834,295. The stock has a 50 day moving average of $24.82 and a two-hundred day moving average of $23.43. The company has a market cap of $10.83 billion, a P/E ratio of -47.84 and a beta of 1.76. Toast, Inc. has a twelve month low of $13.77 and a twelve month high of $27.90.

Toast (NYSE:TOST) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.15) earnings per share for the quarter, meeting the consensus estimate of ($0.15). The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.04 billion. Toast had a negative return on equity of 21.45% and a negative net margin of 6.02%. Toast’s revenue was up 31.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.16) earnings per share. On average, analysts expect that Toast, Inc. will post -0.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Park Avenue Securities LLC grew its stake in shares of Toast by 1.0% in the 1st quarter. Park Avenue Securities LLC now owns 43,357 shares of the company’s stock valued at $1,080,000 after buying an additional 436 shares during the period. Wellington Shields & Co. LLC grew its position in Toast by 3.1% in the 1st quarter. Wellington Shields & Co. LLC now owns 16,700 shares of the company’s stock valued at $416,000 after purchasing an additional 500 shares during the period. Parkside Financial Bank & Trust increased its stake in Toast by 8.4% during the 2nd quarter. Parkside Financial Bank & Trust now owns 6,742 shares of the company’s stock valued at $174,000 after purchasing an additional 520 shares in the last quarter. Comerica Bank raised its holdings in Toast by 10.9% during the first quarter. Comerica Bank now owns 6,167 shares of the company’s stock worth $154,000 after buying an additional 607 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in shares of Toast by 5.9% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,985 shares of the company’s stock worth $255,000 after acquiring an additional 774 shares during the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TOST shares. Stephens reissued an “equal weight” rating and issued a $28.00 price target on shares of Toast in a research note on Thursday, May 30th. Wells Fargo & Company upped their target price on Toast from $17.00 to $19.00 and gave the stock an “underweight” rating in a report on Wednesday, May 8th. Royal Bank of Canada raised their target price on shares of Toast from $23.00 to $27.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 8th. Piper Sandler increased their price target on shares of Toast from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, May 9th. Finally, Mizuho upgraded shares of Toast from a “neutral” rating to an “outperform” rating and raised their target price for the company from $21.00 to $33.00 in a research note on Thursday, July 18th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Toast has an average rating of “Hold” and a consensus target price of $26.65.

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.