Toast, Inc. (NYSE:TOST) President Stephen Fredette Sells 1,068 Shares

Toast, Inc. (NYSE:TOST) President Stephen Fredette sold 1,068 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total value of $42,324.84. Following the completion of the transaction, the president now directly owns 1,644,656 shares of the company’s stock, valued at $65,177,717.28. This represents a 0.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Toast Stock Up 5.3 %

Shares of TOST opened at $41.31 on Thursday. Toast, Inc. has a one year low of $18.14 and a one year high of $44.12. The business has a fifty day moving average of $38.46 and a 200 day moving average of $32.25.

Toast (NYSE:TOST) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.01 by $0.06. Toast had a negative net margin of 1.05% and a negative return on equity of 3.84%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the firm earned ($0.09) EPS. On average, research analysts predict that Toast, Inc. will post 0.03 EPS for the current year.

Institutional Trading of Toast

Several large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. increased its position in Toast by 120.4% in the fourth quarter. Blue Trust Inc. now owns 692 shares of the company’s stock worth $25,000 after buying an additional 378 shares in the last quarter. Piscataqua Savings Bank bought a new position in shares of Toast during the 4th quarter valued at approximately $26,000. Toth Financial Advisory Corp purchased a new stake in Toast in the 3rd quarter worth approximately $28,000. Stonebridge Financial Group LLC bought a new stake in Toast during the 4th quarter worth approximately $34,000. Finally, SBI Securities Co. Ltd. purchased a new position in Toast during the fourth quarter valued at approximately $35,000. 82.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TOST has been the subject of a number of research reports. The Goldman Sachs Group decreased their price objective on Toast from $45.00 to $40.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Piper Sandler raised their price objective on Toast from $25.00 to $35.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Wells Fargo & Company boosted their target price on Toast from $25.00 to $30.00 and gave the stock an “underweight” rating in a report on Thursday, January 16th. Royal Bank of Canada raised their price target on Toast from $27.00 to $40.00 and gave the company a “sector perform” rating in a report on Friday, November 8th. Finally, Morgan Stanley upped their price target on shares of Toast from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $35.74.

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.