Stephen Fredette Sells 4,866 Shares of Toast (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) President Stephen Fredette sold 4,866 shares of the company’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $34.38, for a total value of $167,293.08. Following the completion of the transaction, the president directly owned 910,606 shares in the company, valued at approximately $31,306,634.28. The trade was a 0.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Stephen Fredette also recently made the following trade(s):

• On Tuesday, November 4th, Stephen Fredette sold 1,732 shares of Toast stock. The stock was sold at an average price of $35.54, for a total value of $61,555.28.

Toast Price Performance

TOST traded up $1.60 on Tuesday, reaching $36.10. 9,837,586 shares of the stock were exchanged, compared to its average volume of 10,598,903. The company’s 50-day moving average price is $35.46 and its 200 day moving average price is $39.80. The firm has a market capitalization of $18.59 billion, a PE ratio of 83.95 and a beta of 1.93. Toast, Inc. has a fifty-two week low of $28.12 and a fifty-two week high of $49.66.

Toast (NYSE:TOST) last released its earnings results on Tuesday, November 4th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.58 billion. Toast had a return on equity of 15.77% and a net margin of 4.68%.The company’s revenue for the quarter was up 25.1% compared to the same quarter last year. During the same period last year, the firm earned $0.07 EPS. As a group, equities analysts forecast that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Institutional Trading of Toast

A number of institutional investors and hedge funds have recently modified their holdings of TOST. Roundview Capital LLC boosted its holdings in Toast by 0.6% in the 2nd quarter. Roundview Capital LLC now owns 43,619 shares of the company’s stock worth $1,932,000 after buying an additional 245 shares during the last quarter. Cim LLC lifted its position in shares of Toast by 0.7% in the second quarter. Cim LLC now owns 38,302 shares of the company’s stock valued at $1,696,000 after acquiring an additional 273 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Toast by 7.2% in the second quarter. GAMMA Investing LLC now owns 4,139 shares of the company’s stock worth $183,000 after acquiring an additional 278 shares during the last quarter. True Vision MN LLC boosted its stake in shares of Toast by 3.6% in the second quarter. True Vision MN LLC now owns 8,186 shares of the company’s stock worth $363,000 after acquiring an additional 285 shares during the last quarter. Finally, Bridgewater Advisors Inc. increased its position in shares of Toast by 2.3% during the third quarter. Bridgewater Advisors Inc. now owns 13,107 shares of the company’s stock worth $472,000 after purchasing an additional 294 shares in the last quarter. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Royal Bank Of Canada set a $45.00 target price on shares of Toast in a research report on Wednesday, November 5th. Keefe, Bruyette & Woods reduced their price objective on Toast from $50.00 to $42.00 and set a “market perform” rating for the company in a research note on Wednesday, October 1st. Wells Fargo & Company raised Toast to a “strong-buy” rating in a report on Wednesday, October 22nd. Citigroup raised Toast to a “strong-buy” rating in a report on Thursday, October 23rd. Finally, Jefferies Financial Group decreased their price target on Toast from $54.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, Toast currently has an average rating of “Moderate Buy” and an average price target of $45.18.

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.