Toast (NYSE:TOST) CRO Sells $169,294.00 in Stock

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 4,700 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $36.02, for a total transaction of $169,294.00. Following the completion of the transaction, the executive owned 69,966 shares in the company, valued at approximately $2,520,175.32. The trade was a 6.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, August 3rd, Jonathan Vassil sold 14,280 shares of Toast stock. The shares were sold at an average price of $32.89, for a total transaction of $469,669.20.
• On Tuesday, July 7th, Jonathan Vassil sold 3,150 shares of Toast stock. The stock was sold at an average price of $30.03, for a total transaction of $94,594.50.
• On Thursday, July 2nd, Jonathan Vassil sold 6,647 shares of Toast stock. The stock was sold at an average price of $28.85, for a total transaction of $191,765.95.

Toast Stock Down 0.0%

Shares of TOST stock opened at $34.47 on Monday. The business has a 50 day moving average of $28.44 and a two-hundred day moving average of $27.86. Toast, Inc. has a 52 week low of $22.26 and a 52 week high of $46.11. The company has a market cap of $17.72 billion, a P/E ratio of 44.19 and a beta of 1.72.

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

Institutional Trading of Toast

Institutional investors have recently made changes to their positions in the stock. BOKF NA lifted its holdings in shares of Toast by 4.5% during the third quarter. BOKF NA now owns 8,023 shares of the company’s stock worth $293,000 after buying an additional 345 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its stake in Toast by 0.5% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 67,909 shares of the company’s stock valued at $1,800,000 after purchasing an additional 358 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Toast by 1.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,857 shares of the company’s stock valued at $1,012,000 after purchasing an additional 380 shares during the period. Seven Mile Advisory boosted its holdings in Toast by 3.1% in the 3rd quarter. Seven Mile Advisory now owns 12,689 shares of the company’s stock valued at $463,000 after purchasing an additional 381 shares during the period. Finally, HM Payson & Co. grew its position in Toast by 6.2% in the 4th quarter. HM Payson & Co. now owns 6,742 shares of the company’s stock worth $239,000 after purchasing an additional 392 shares during the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.

Toast News Summary

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.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Royal Bank Of Canada upped their price target on shares of Toast from $31.00 to $36.00 and gave the stock a “sector perform” rating in a research report on Wednesday. The Goldman Sachs Group raised shares of Toast from a “neutral” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Thursday, July 9th. Citigroup raised their price target on shares of Toast from $36.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday. Truist Financial lifted their price target on Toast from $30.00 to $33.00 and gave the company a “buy” rating in a report on Friday, July 24th. Finally, Needham & Company LLC boosted their price objective on Toast from $35.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Seventeen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $38.62.

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.