Toast (NYSE:TOST) Stock: Insider Susan Chapman-Hughes Sells 6,885 Shares

Toast, Inc. (NYSE:TOST) Director Susan Chapman-Hughes sold 6,885 shares of the company’s stock in a transaction on Wednesday, November 11th. The stock was sold at an average price of $34.13, for a total value of $234,985.05. Following the completion of the sale, the director directly owned 7,645 shares in the company, valued at approximately $260,923.85. The trade was a 47.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Toast Trading Down 1.6%

TOST traded down $0.55 during trading on Thursday, reaching $33.55. The stock had a trading volume of 6,437,667 shares, compared to its average volume of 10,895,727. The company has a market capitalization of $17.41 billion, a price-to-earnings ratio of 36.87 and a beta of 1.74. The stock’s 50 day moving average is $31.86 and its two-hundred day moving average is $29.42. Toast, Inc. has a one year low of $22.26 and a one year high of $37.64.

Toast (NYSE:TOST) last announced its earnings results on Tuesday, November 3rd. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.08). The business had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.97 billion. Toast had a net margin of 7.69% and a return on equity of 26.39%. The business’s quarterly revenue was up 21.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 EPS. On average, equities research analysts predict that Toast, Inc. will post 1.08 earnings per share for the current year.

Institutional Trading of Toast

Institutional investors and hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in shares of Toast by 36.0% in the first quarter. Principal Financial Group Inc. now owns 7,977,244 shares of the company’s stock worth $211,478,000 after buying an additional 2,111,009 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Toast by 1.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,950,962 shares of the company’s stock valued at $201,508,000 after acquiring an additional 89,316 shares in the last quarter. Bank of America Corp DE increased its position in shares of Toast by 10.6% during the first quarter. Bank of America Corp DE now owns 4,866,197 shares of the company’s stock valued at $129,003,000 after acquiring an additional 465,006 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Toast by 25.1% in the 1st quarter. Renaissance Technologies LLC now owns 4,321,437 shares of the company’s stock worth $114,561,000 after acquiring an additional 867,509 shares during the last quarter. Finally, Amova Asset Management Americas Inc. raised its holdings in Toast by 0.4% in the 1st quarter. Amova Asset Management Americas Inc. now owns 3,817,961 shares of the company’s stock worth $101,176,000 after acquiring an additional 16,614 shares during the last quarter. 82.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TOST has been the subject of several recent research reports. Sanford C. Bernstein lowered shares of Toast from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $45.00 to $38.00 in a report on Wednesday. Royal Bank Of Canada upped their price target on Toast from $36.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Monday, August 31st. Piper Sandler reaffirmed an “overweight” rating and set a $39.00 price objective on shares of Toast in a research report on Wednesday, November 4th. Needham & Company LLC reiterated a “buy” rating and set a $45.00 price objective on shares of Toast in a research note on Wednesday, November 4th. Finally, Keefe, Bruyette & Woods lifted their price objective on Toast from $30.00 to $35.00 and gave the company a “market perform” rating in a research note on Wednesday, August 5th. Sixteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.46.

Key Toast News

Investors following TOST have been watching these news items:

• Neutral Sentiment: Toast was highlighted as a trending stock by Zacks, but the article’s focus on investor attention does not itself point to a change in the company’s fundamentals. Zacks trending-stock article
• Negative Sentiment: Bernstein cut its rating from Outperform to Market Perform (Hold) and lowered its price target from $45 to $38. The reduced target tempers the outlook, although it remains above the cited share price. Bernstein downgrade article
• Negative Sentiment: Director Susan Chapman-Hughes sold 6,885 shares, reducing her reported stake by 47.38%. Insider sales can weigh on sentiment, though the filing alone does not establish the reason for the sale. SEC insider transaction filing

Toast Company Profile

Toast, Inc. provides a cloud-based technology platform designed for restaurants. Its products combine point-of-sale software and hardware with payment processing, helping restaurants manage in-person transactions and day-to-day operations. The platform includes tools for online ordering, delivery, marketing, customer loyalty, payroll, and team management, alongside features for managing menus and restaurant operations. Restaurants can use Toast’s products together or select services to fit their needs.