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

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 sale, the president now directly owns 1,644,656 shares of the company’s stock, valued at $65,177,717.28. The trade was a 0.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Toast Price Performance

NYSE TOST opened at $41.99 on Friday. Toast, Inc. has a fifty-two week low of $18.47 and a fifty-two week 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 earnings results on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. Toast had a negative net margin of 1.05% and a negative return on equity of 3.84%. During the same period in the prior year, the firm earned ($0.09) EPS. Sell-side analysts forecast that Toast, Inc. will post 0.03 EPS for the current year.

Analyst Upgrades and Downgrades

TOST has been the topic of several analyst reports. Compass Point began coverage on shares of Toast in a report on Wednesday, November 20th. They issued a “buy” rating and a $49.00 target price on the stock. DA Davidson reiterated a “neutral” rating and issued a $38.00 price objective (down previously from $44.00) on shares of Toast in a research report on Thursday, December 5th. JPMorgan Chase & Co. raised their target price on Toast from $28.00 to $36.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Stephens upped their price target on shares of Toast from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Toast from $29.00 to $40.00 and gave the company a “market perform” rating in a research note on Monday, December 9th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $35.74.

Hedge Funds Weigh In On Toast

Several institutional investors and hedge funds have recently modified their holdings of TOST. Blue Trust Inc. raised its holdings in Toast by 120.4% in the 4th quarter. Blue Trust Inc. now owns 692 shares of the company’s stock valued at $25,000 after acquiring an additional 378 shares during the last quarter. Piscataqua Savings Bank purchased a new stake in shares of Toast in the fourth quarter valued at $26,000. Stonebridge Financial Group LLC acquired a new position in Toast in the fourth quarter valued at $34,000. SBI Securities Co. Ltd. purchased a new position in Toast during the fourth quarter worth about $35,000. Finally, Toth Financial Advisory Corp acquired a new stake in Toast in the 3rd quarter worth about $28,000. 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.