Toast (NYSE:TOST) Posts Earnings Results

Toast (NYSE:TOST) announced its quarterly earnings data on Wednesday. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01), Zacks reports. Toast had a negative net margin of 1.05% and a negative return on equity of 3.84%.

Toast Price Performance

NYSE TOST traded down $1.81 on Wednesday, hitting $40.10. The company had a trading volume of 15,054,795 shares, compared to its average volume of 5,695,658. The company’s fifty day moving average price is $38.48 and its 200-day moving average price is $33.12. The company has a market capitalization of $18.89 billion, a PE ratio of -308.48, a PEG ratio of 2.17 and a beta of 1.98. Toast has a 12-month low of $20.49 and a 12-month high of $44.12.

Analyst Ratings Changes

TOST has been the topic of several research analyst reports. BMO Capital Markets started coverage on Toast in a research note on Monday, January 6th. They set an “outperform” rating and a $45.00 price target on the stock. DA Davidson reiterated a “neutral” rating and issued a $38.00 target price (down previously from $44.00) on shares of Toast in a research report on Thursday, December 5th. Morgan Stanley raised their price target on shares of Toast from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Oppenheimer began coverage on shares of Toast in a report on Friday, January 24th. They issued an “outperform” rating and a $46.00 price objective on the stock. Finally, Compass Point assumed coverage on shares of Toast in a report on Wednesday, November 20th. They set a “buy” rating and a $49.00 target price for the company. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $36.09.

Insider Activity

In other Toast news, General Counsel Brian R. Elworthy sold 653 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total value of $25,878.39. Following the transaction, the general counsel now owns 209,206 shares in the company, valued at approximately $8,290,833.78. This trade represents a 0.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David Yuan sold 189,785 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $43.01, for a total transaction of $8,162,652.85. Following the sale, the director now directly owns 198,829 shares of the company’s stock, valued at $8,551,635.29. The trade was a 48.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 339,564 shares of company stock worth $13,577,845 over the last 90 days. 13.32% of the stock is currently owned by company insiders.

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.