Stephen Fredette Sells 300 Shares of Toast, Inc. (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) President Stephen Fredette sold 300 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $35.00, for a total transaction of $10,500.00. Following the sale, the president now owns 1,538,846 shares in the company, valued at $53,859,610. This represents a 0.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• 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 Stock Performance

NYSE TOST opened at $34.41 on Friday. The company has a market cap of $17.00 billion, a PE ratio of -3,437.06, a P/E/G ratio of 2.16 and a beta of 1.99. The firm’s 50 day moving average price is $38.05 and its 200-day moving average price is $34.70. Toast, Inc. has a 52-week low of $21.32 and a 52-week high of $44.12.

Toast (NYSE:TOST) last announced its earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. Toast had a net margin of 0.40% and a return on equity of 1.54%. On average, analysts forecast that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Compass Point initiated coverage on Toast in a research report on Wednesday, November 20th. They issued a “buy” rating and a $49.00 price target for the company. UBS Group lifted their price target on shares of Toast from $41.00 to $47.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. The Goldman Sachs Group set a $40.00 price objective on shares of Toast and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Wells Fargo & Company boosted their target price on Toast from $25.00 to $30.00 and gave the company an “underweight” rating in a research report on Thursday, January 16th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $50.00 price target on shares of Toast in a report on Thursday, February 20th. One equities research 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $40.48.

Hedge Funds Weigh In On Toast

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Blue Trust Inc. boosted its holdings in shares of 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 buying an additional 378 shares in the last quarter. Piscataqua Savings Bank acquired a new stake in Toast in the fourth quarter valued at approximately $26,000. Stonebridge Financial Group LLC purchased a new position in Toast in the fourth quarter worth $34,000. SBI Securities Co. Ltd. acquired a new position in shares of Toast during the fourth quarter worth $35,000. Finally, Wingate Wealth Advisors Inc. purchased a new stake in shares of Toast during the 4th quarter valued at $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.