Toast (NYSE:TOST) General Counsel Brian Elworthy Sells 648 Shares

Toast, Inc. (NYSE:TOST) General Counsel Brian Elworthy sold 648 shares of the stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $30.34, for a total transaction of $19,660.32. Following the completion of the sale, the general counsel directly owned 237,261 shares in the company, valued at approximately $7,198,498.74. The trade was a 0.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Toast Trading Down 1.6%

Shares of TOST stock opened at $27.86 on Thursday. The company’s fifty day simple moving average is $34.50 and its 200-day simple moving average is $38.20. The company has a market cap of $14.35 billion, a PE ratio of 64.13 and a beta of 1.93. Toast, Inc. has a 52 week low of $27.28 and a 52 week high of $49.66.

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

Toast News Roundup

Here are the key news stories impacting Toast this week:

• Positive Sentiment: The Motley Fool published a bullish take noting Toast’s recurring-revenue model, accelerating revenue (now over $2B) and that the company has “crossed into sustainable profitability” with room to scale — a constructive fundamental note for longer-term holders. This Restaurant-Focused Fintech Has a Recurring-Revenue Machine
• Neutral Sentiment: News aggregators flagged TOST among several tech names trading down this morning, which suggests broader sector or market pressure is contributing to the move rather than company-specific bad news. Toast, Autodesk, Bandwidth, GoDaddy, and Palo Alto Networks stocks trade down
• Negative Sentiment: Several senior executives sold shares on Feb 3 (CEO Aman Narang 1,648; CFO Elena Gomez 1,437; CRO Jonathan Vassil 1,454; President Stephen Fredette 1,060; GC Brian Elworthy 648), totaling ~6,247 shares for ~$189.5k at an average price of $30.34. While each sale represented only a small percentage reduction in their individual holdings (<1% for most), clustered insider sales can sap near-term sentiment and amplify downside. Filings: CEO filing CFO filing CRO filing President filing GC filing

Analysts Set New Price Targets

A number of analysts have recently commented on TOST shares. Evercore ISI raised Toast from an “in-line” rating to an “outperform” rating and set a $40.00 price objective on the stock in a research note on Tuesday, January 20th. Oppenheimer decreased their price objective on shares of Toast from $49.00 to $48.00 and set an “outperform” rating for the company in a research note on Monday, January 12th. Wolfe Research cut shares of Toast from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 8th. The Goldman Sachs Group cut their price objective on Toast from $51.00 to $41.00 and set a “neutral” rating for the company in a report on Monday, October 13th. Finally, Stephens set a $42.00 price objective on Toast in a research report on Friday, January 16th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $45.55.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Quent Capital LLC purchased a new position in shares of Toast during the third quarter valued at approximately $27,000. RiverPark Advisors LLC bought a new stake in shares of Toast during the 2nd quarter worth $30,000. Alpine Bank Wealth Management purchased a new position in Toast in the 3rd quarter worth $30,000. Ameritas Advisory Services LLC bought a new stake in Toast in the 2nd quarter worth $31,000. Finally, Central Pacific Bank Trust Division increased its position in Toast by 123.5% during the 4th quarter. Central Pacific Bank Trust Division now owns 943 shares of the company’s stock valued at $33,000 after purchasing an additional 521 shares during the period. 82.91% of the stock is owned by institutional investors.

Toast Company Profile

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.