Jonathan Vassil Sells 1,454 Shares of Toast (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 1,454 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $30.34, for a total value of $44,114.36. Following the completion of the sale, the executive owned 139,893 shares of the company’s stock, valued at $4,244,353.62. This trade represents a 1.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jonathan Vassil also recently made the following trade(s):

• On Monday, January 5th, Jonathan Vassil sold 4,787 shares of Toast stock. The shares were sold at an average price of $34.38, for a total transaction of $164,577.06.
• On Friday, January 2nd, Jonathan Vassil sold 66,390 shares of Toast stock. The stock was sold at an average price of $35.86, for a total transaction of $2,380,745.40.

Toast Trading Up 0.1%

TOST traded up $0.03 during midday trading on Wednesday, hitting $28.28. 22,144,637 shares of the company traded hands, compared to its average volume of 10,427,690. The business has a 50 day simple moving average of $34.61 and a two-hundred day simple moving average of $38.27. Toast, Inc. has a 52-week low of $27.28 and a 52-week high of $49.66. The company has a market capitalization of $14.56 billion, a price-to-earnings ratio of 65.77 and a beta of 1.93.

Toast (NYSE:TOST) last released its earnings results on Tuesday, November 4th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Toast had a return on equity of 15.77% and a net margin of 4.68%.The firm’s revenue for the quarter was up 25.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.07 EPS. Equities research analysts anticipate that Toast, Inc. will post 0.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TOST. Wolfe Research downgraded Toast from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 8th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Toast in a report on Tuesday. UBS Group reissued a “buy” rating on shares of Toast in a research note on Thursday, December 18th. DA Davidson lowered their price target on shares of Toast from $42.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, BNP Paribas Exane raised shares of Toast from a “hold” rating to an “outperform” rating and set a $40.00 price objective for the company in a research note on Monday, December 1st. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $45.55.

Institutional Investors Weigh In On Toast

A number of hedge funds have recently modified their holdings of the company. NewEdge Advisors LLC raised its stake in Toast by 1,555.5% during the first quarter. NewEdge Advisors LLC now owns 17,432 shares of the company’s stock worth $578,000 after purchasing an additional 16,379 shares during the period. Truist Financial Corp increased its holdings in shares of Toast by 34.2% during the 2nd quarter. Truist Financial Corp now owns 33,448 shares of the company’s stock worth $1,481,000 after buying an additional 8,530 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of Toast during the 2nd quarter valued at approximately $31,000. Valeo Financial Advisors LLC purchased a new stake in shares of Toast during the 2nd quarter valued at approximately $209,000. Finally, SteelPeak Wealth LLC lifted its holdings in Toast by 32.7% in the second quarter. SteelPeak Wealth LLC now owns 20,270 shares of the company’s stock valued at $898,000 after acquiring an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors own 82.91% of the company’s stock.

About Toast

Toast, Inc (NYSE: TOST) is a technology company that builds a cloud-based platform for restaurants and other foodservice businesses. Headquartered in Boston, Massachusetts, Toast offers integrated point-of-sale (POS) systems and a suite of software and hardware designed to streamline front-of-house and back-of-house operations. The company went public in 2021 and has positioned itself as a vertically integrated provider for the restaurant industry.

Toast’s product portfolio includes touchscreen POS terminals and handheld order-and-pay devices, kitchen display systems, and peripherals tailored for high-volume foodservice environments.