Toast (NYSE:TOST) CRO Jonathan Vassil Sells 13,797 Shares of Stock

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 13,797 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $36.01, for a total value of $496,829.97. Following the sale, the executive owned 69,966 shares in the company, valued at approximately $2,519,475.66. The trade was a 16.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, August 5th, Jonathan Vassil sold 4,700 shares of Toast stock. The stock was sold at an average price of $36.02, for a total value of $169,294.00.
• 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 shares were 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 shares were sold at an average price of $28.85, for a total transaction of $191,765.95.

Toast Trading Up 3.3%

NYSE TOST opened at $35.20 on Friday. The stock has a market cap of $18.09 billion, a P/E ratio of 45.12 and a beta of 1.72. The company’s fifty day simple moving average is $29.15 and its 200-day simple moving average is $27.90. Toast, Inc. has a 52 week low of $22.26 and a 52 week high of $45.64.

Toast (NYSE:TOST) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). Toast had a net margin of 7.14% and a return on equity of 23.90%. The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the previous year, the business posted $0.13 earnings per share. Toast’s revenue for the quarter was up 23.1% on a year-over-year basis. On average, research analysts expect that Toast, Inc. will post 1 EPS for the current fiscal year.

Institutional Investors Weigh In On Toast

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bayban bought a new position in shares of Toast during the fourth quarter worth about $25,000. SHP Wealth Management bought a new stake in Toast in the fourth quarter valued at about $29,000. Strive Financial Group LLC acquired a new stake in Toast during the fourth quarter valued at approximately $29,000. Silicon Valley Capital Partners acquired a new stake in Toast during the fourth quarter valued at approximately $36,000. Finally, Quadrant Capital Group LLC lifted its holdings in Toast by 2,083.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,048 shares of the company’s stock worth $37,000 after buying an additional 1,000 shares during the last quarter. Institutional investors own 82.91% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TOST. Robert W. Baird raised their target price on Toast from $30.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. BMO Capital Markets boosted their price target on Toast from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Citigroup increased their price target on Toast from $36.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Sanford C. Bernstein raised their price objective on Toast from $39.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Finally, Keefe, Bruyette & Woods lifted their price objective on Toast from $30.00 to $35.00 and gave the stock a “market perform” rating in a report on Wednesday, August 5th. Seventeen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, Toast presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

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.