Stephen Fredette Sells 1,060 Shares of Toast (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) President Stephen Fredette sold 1,060 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $30.34, for a total transaction of $32,160.40. Following the completion of the transaction, the president directly owned 913,067 shares of the company’s stock, valued at $27,702,452.78. The trade was a 0.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, January 5th, Stephen Fredette sold 4,866 shares of Toast stock. The stock was sold at an average price of $34.38, for a total transaction of $167,293.08.

Toast Price Performance

Shares of NYSE TOST opened at $26.94 on Friday. The company has a 50-day simple moving average of $34.37 and a 200-day simple moving average of $38.12. The company has a market cap of $13.87 billion, a PE ratio of 62.65 and a beta of 1.93. Toast, Inc. has a 12 month low of $26.92 and a 12 month 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). The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.58 billion. Toast had a return on equity of 15.77% and a net margin of 4.68%.The firm’s revenue was up 25.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.07 EPS. On average, analysts anticipate that Toast, Inc. will post 0.39 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Capital International Investors grew its holdings in Toast by 7.4% during the 3rd quarter. Capital International Investors now owns 48,428,060 shares of the company’s stock worth $1,768,256,000 after acquiring an additional 3,351,545 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Toast by 0.8% during the third quarter. Vanguard Group Inc. now owns 44,764,157 shares of the company’s stock valued at $1,634,339,000 after acquiring an additional 352,435 shares during the period. Jennison Associates LLC grew its position in Toast by 1.0% in the 4th quarter. Jennison Associates LLC now owns 15,157,955 shares of the company’s stock worth $538,259,000 after purchasing an additional 157,394 shares during the last quarter. State Street Corp raised its stake in Toast by 3.5% during the 3rd quarter. State Street Corp now owns 9,538,312 shares of the company’s stock valued at $348,244,000 after acquiring an additional 325,423 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in Toast by 2,432.8% in the 3rd quarter. Alliancebernstein L.P. now owns 8,215,758 shares of the company’s stock valued at $299,957,000 after buying an additional 7,891,383 shares in the last quarter. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Toast

Here are the key news stories impacting Toast this week:

• Positive Sentiment: Analyst/industry write-up highlighting fundamentals: The Motley Fool called out Toast’s sticky, restaurant-focused recurring-revenue engine, revenue growth (now above $2B) and that the company has “crossed into sustainable profitability,” a constructive fundamental view for longer-term holders. Read More.
• Neutral Sentiment: Headline/market-aggregation pressure: news services flagged Toast alongside other tech names trading down this morning, indicating broader sector or market pressure is contributing to the share weakness rather than a single company catalyst. Read More.
• Neutral Sentiment: Similar market-aggregation coverage reiterated Toast was trading down as part of a broader tech pullback this morning. Read More.
• Negative Sentiment: Clustered insider selling: multiple 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), roughly 6,247 shares sold at an average ~$30.34 per share (~$189.5k total). Each sale was a small percentage of individual holdings, but the concentration of executive sales can weigh on near‑term sentiment and amplify downside. SEC filings and firm filings are available for review. Read More.

Analyst Ratings Changes

Several equities research analysts recently issued reports on TOST shares. JPMorgan Chase & Co. raised shares of Toast from a “neutral” rating to an “overweight” rating and set a $43.00 target price on the stock in a research report on Thursday, December 4th. DA Davidson decreased their price target on shares of Toast from $42.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday. Evercore ISI upgraded Toast from an “in-line” rating to an “outperform” rating and set a $40.00 price objective for the company in a report on Tuesday, January 20th. Morgan Stanley lifted their target price on Toast from $54.00 to $56.00 and gave the company an “overweight” rating in a report on Wednesday, November 5th. Finally, Wolfe Research cut Toast from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 8th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $45.55.

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.