Elena Gomez Sells 900 Shares of Toast (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) CFO Elena Gomez sold 900 shares of the firm’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $35.02, for a total transaction of $31,518.00. Following the transaction, the chief financial officer owned 168,074 shares of the company’s stock, valued at approximately $5,885,951.48. This trade represents a 0.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Elena Gomez also recently made the following trade(s):

• On Wednesday, August 5th, Elena Gomez sold 16,176 shares of Toast stock. The stock was sold at an average price of $35.29, for a total transaction of $570,851.04.
• On Thursday, July 2nd, Elena Gomez sold 11,605 shares of Toast stock. The shares were sold at an average price of $28.85, for a total transaction of $334,804.25.

Toast Stock Performance

Shares of NYSE:TOST opened at $34.47 on Friday. The stock has a market capitalization of $17.72 billion, a price-to-earnings ratio of 44.19 and a beta of 1.72. Toast, Inc. has a 1-year low of $22.26 and a 1-year high of $46.11. The company has a 50 day moving average price of $28.44 and a 200 day moving average price of $27.90.

Toast (NYSE:TOST) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.06). The business had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.87 billion. Toast had a return on equity of 23.90% and a net margin of 7.14%.The company’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.13 EPS. On average, sell-side analysts expect that Toast, Inc. will post 0.99 EPS for the current fiscal year.

More Toast News

Here are the key news stories impacting Toast this week:

• Positive Sentiment: Analysts raise price targets: BMO Capital Markets lifted its Toast price target to $40, while Needham and Keefe, Bruyette & Woods also expressed expectations for meaningful appreciation. These calls reinforce the bullish case following Toast’s growth and improving profitability. BMO Capital Markets Raises Toast Price Target Needham Forecasts Toast Price Appreciation Keefe Bruyette Woods Toast Outlook
• Positive Sentiment: AI and partnership momentum: A report highlights Toast’s AI initiatives and relationships with Google and hotel operators as potential catalysts for expanding its addressable market and strengthening the long-term growth story. Toast AI, Google, and Hotel Partnership Report
• Positive Sentiment: Options activity signals bullish positioning: High trading volume in Toast call options suggests some traders are positioning for additional upside, although options activity is a market signal rather than a change in fundamentals. Toast High Call Option Volume
• Neutral Sentiment: Mixed quarterly results: Toast exceeded revenue expectations, reporting $1.91 billion, up 23.1% year over year, but adjusted earnings per share fell short of consensus estimates. The revenue growth supports the bull case, while the earnings miss raises questions about execution and near-term margins. Toast Second Quarter Sales Report
• Negative Sentiment: Valuation concerns: A Seeking Alpha analysis recommended trimming the position, arguing that Toast’s valuation could become difficult to justify if growth or profitability slows. This is a risk after the stock’s recent rally. Toast Valuation Downgrade
• Negative Sentiment: Executives sell shares: CEO Aman Narang sold approximately $4.9 million of Toast stock, while the CFO and CRO also sold shares. Because the transactions were made under pre-arranged Rule 10b5-1 plans, they may reflect scheduled diversification rather than diminished confidence, but the volume can still weigh on sentiment.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TOST. Jennison Associates LLC boosted its stake in shares of Toast by 1.0% during the 4th quarter. Jennison Associates LLC now owns 15,157,955 shares of the company’s stock valued at $538,259,000 after buying an additional 157,394 shares during the period. Morgan Stanley grew its holdings in shares of Toast by 6.7% during the 4th quarter. Morgan Stanley now owns 10,372,626 shares of the company’s stock valued at $368,332,000 after acquiring an additional 653,487 shares in the last quarter. State Street Corp increased its stake in shares of Toast by 3.0% in the fourth quarter. State Street Corp now owns 9,820,594 shares of the company’s stock worth $348,729,000 after acquiring an additional 282,282 shares during the last quarter. XN LP increased its stake in shares of Toast by 50.8% in the fourth quarter. XN LP now owns 8,988,386 shares of the company’s stock worth $319,178,000 after acquiring an additional 3,029,856 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Toast by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 8,675,056 shares of the company’s stock worth $307,214,000 after acquiring an additional 169,230 shares in the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TOST. Oppenheimer upped their target price on Toast from $36.00 to $38.00 and gave the company an “outperform” rating in a report on Wednesday. Wall Street Zen downgraded Toast from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Truist Financial upped their price objective on shares of Toast from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Royal Bank Of Canada raised their target price on shares of Toast from $31.00 to $36.00 and gave the stock a “sector perform” rating in a report on Wednesday. Finally, BMO Capital Markets lifted their target price on shares of Toast from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday. Seventeen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Toast currently has an average rating of “Moderate Buy” and a consensus target price of $38.62.

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.