Toast, Inc. (NYSE:TOST) Director Sells $2,499,700.00 in Stock

Toast, Inc. (NYSE:TOST) Director Christopher P. Comparato sold 70,000 shares of the stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $35.71, for a total transaction of $2,499,700.00. Following the transaction, the director now owns 164,796 shares in the company, valued at approximately $5,884,865.16. This trade represents a 29.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Toast Price Performance

Shares of TOST opened at $35.20 on Friday. The stock has a market capitalization of $17.39 billion, a price-to-earnings ratio of -3,516.78, a price-to-earnings-growth ratio of 2.16 and a beta of 1.99. Toast, Inc. has a 1 year low of $21.32 and a 1 year high of $44.12. The business’s 50 day simple moving average is $37.82 and its 200-day simple moving average is $34.99.

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

Institutional Trading of Toast

Large investors have recently made changes to their positions in the business. Blue Trust Inc. lifted 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 acquiring an additional 378 shares during the last quarter. Piscataqua Savings Bank bought a new stake in shares of Toast in the 4th quarter valued at approximately $26,000. Stonebridge Financial Group LLC bought a new stake in shares of Toast in the 4th quarter valued at approximately $34,000. SBI Securities Co. Ltd. purchased a new position in shares of Toast in the 4th quarter worth approximately $35,000. Finally, Wingate Wealth Advisors Inc. purchased a new stake in Toast during the 4th quarter valued at $40,000. 82.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TOST has been the subject of a number of recent research reports. Needham & Company LLC reiterated a “buy” rating and set a $50.00 price objective on shares of Toast in a research note on Thursday, February 20th. Keefe, Bruyette & Woods upped their price target on shares of Toast from $40.00 to $42.00 and gave the stock a “market perform” rating in a research report on Thursday, February 20th. BMO Capital Markets increased their price objective on shares of Toast from $46.00 to $48.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. BNP Paribas set a $37.00 target price on shares of Toast and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Finally, Royal Bank of Canada upped their target price on shares of Toast from $40.00 to $45.00 and gave the stock a “sector perform” rating in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Toast currently has a consensus rating of “Hold” and a consensus target price of $40.48.

About Toast

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.