Toast, Inc. (NYSE:TOST) CFO Sells $51,888.00 in Stock

Toast, Inc. (NYSE:TOST) CFO Elena Gomez sold 2,162 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $24.00, for a total transaction of $51,888.00. Following the sale, the chief financial officer now owns 183,931 shares in the company, valued at $4,414,344. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, July 1st, Elena Gomez sold 12,500 shares of Toast stock. The shares were sold at an average price of $25.43, for a total value of $317,875.00.
• On Wednesday, May 8th, Elena Gomez sold 12,500 shares of Toast stock. The shares were sold at an average price of $26.39, for a total value of $329,875.00.

Toast Stock Performance

Toast stock traded down $0.54 during trading hours on Monday, hitting $23.91. 9,581,568 shares of the stock were exchanged, compared to its average volume of 7,834,295. The business’s 50-day moving average is $24.82 and its two-hundred day moving average is $23.43. Toast, Inc. has a 12 month low of $13.77 and a 12 month high of $27.90. The stock has a market capitalization of $10.83 billion, a P/E ratio of -47.84 and a beta of 1.76.

Toast (NYSE:TOST) last announced its earnings results on Tuesday, May 7th. The company reported ($0.15) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.15). The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.04 billion. Toast had a negative return on equity of 21.45% and a negative net margin of 6.02%. The firm’s quarterly revenue was up 31.3% compared to the same quarter last year. During the same period last year, the company posted ($0.16) earnings per share. On average, equities analysts predict that Toast, Inc. will post -0.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

TOST has been the subject of several recent analyst reports. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $26.00 price target on shares of Toast in a report on Wednesday, May 29th. Royal Bank of Canada boosted their price objective on shares of Toast from $23.00 to $27.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 8th. Baird R W cut shares of Toast from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 21st. Stephens reissued an “equal weight” rating and set a $28.00 price target on shares of Toast in a report on Thursday, May 30th. Finally, Wells Fargo & Company raised their target price on shares of Toast from $17.00 to $19.00 and gave the stock an “underweight” rating in a report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $26.65.

Hedge Funds Weigh In On Toast

Large investors have recently modified their holdings of the stock. Raymond James & Associates increased its holdings in shares of Toast by 16.6% in the fourth quarter. Raymond James & Associates now owns 202,006 shares of the company’s stock valued at $3,689,000 after purchasing an additional 28,743 shares in the last quarter. Arizona State Retirement System boosted its position in Toast by 7.1% in the 4th quarter. Arizona State Retirement System now owns 90,333 shares of the company’s stock valued at $1,649,000 after buying an additional 6,006 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in shares of Toast by 4.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 120,711 shares of the company’s stock valued at $2,284,000 after buying an additional 4,593 shares during the period. International Assets Investment Management LLC raised its position in shares of Toast by 1,542.9% during the fourth quarter. International Assets Investment Management LLC now owns 57,336 shares of the company’s stock worth $1,047,000 after acquiring an additional 53,846 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its stake in shares of Toast by 6.2% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 27,343 shares of the company’s stock valued at $510,000 after acquiring an additional 1,608 shares during the period. 82.91% of the stock is currently owned by institutional investors and hedge funds.

About Toast

Toast, Inc operates a cloud-based digital technology platform for the restaurant industry in the United States, Ireland, and India. The company offers software products for restaurant operations and point of sale, such as Toast POS, Toast now, multi-location management, kitchen display system, Toast mobile order and pay, Toast catering and events, Toast invoicing, Toast tables, and restaurant retail; and hardware products, including Toast flex, Toast flex for guest, Toast go 2, Toast tap, kiosks, and Delphi by Toast.