Toast, Inc. $TOST Shares Sold by Royal Bank of Canada

Royal Bank of Canada cut its holdings in shares of Toast, Inc. (NYSE:TOST) by 11.5% in the 1st quarter, Holdings Channel reports. The firm owned 611,957 shares of the company’s stock after selling 79,628 shares during the period. Royal Bank of Canada’s holdings in Toast were worth $16,223,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bayban bought a new stake in Toast during the fourth quarter worth approximately $25,000. SHP Wealth Management bought a new position in shares of Toast in the fourth quarter valued at $29,000. Strive Financial Group LLC bought a new position in shares of Toast in the fourth quarter valued at $29,000. Silicon Valley Capital Partners acquired a new stake in shares of Toast during the 4th quarter valued at $36,000. Finally, Quadrant Capital Group LLC lifted its position in shares of Toast by 2,083.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,048 shares of the company’s stock valued at $37,000 after acquiring an additional 1,000 shares during the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.

Toast Stock Performance

NYSE TOST opened at $34.85 on Friday. Toast, Inc. has a twelve month low of $22.26 and a twelve month high of $46.81. The stock has a market cap of $17.98 billion, a price-to-earnings ratio of 44.69 and a beta of 1.72. The firm’s 50 day moving average price is $28.28 and its two-hundred day moving average price is $27.85.

Toast (NYSE:TOST) last released its earnings results on Tuesday, August 4th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). The business had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Toast had a net margin of 7.14% and a return on equity of 23.90%. Toast’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.13 EPS. On average, research analysts forecast that Toast, Inc. will post 0.97 EPS for the current fiscal year.

Analysts Set New Price Targets

TOST has been the topic of a number of recent research reports. Truist Financial lifted their target price on Toast from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Oppenheimer upped their target price on Toast from $36.00 to $38.00 and gave the company an “outperform” rating in a report on Wednesday. Wells Fargo & Company increased their price target on Toast from $36.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday. Rothschild & Co Redburn reissued a “neutral” rating and issued a $35.00 price target on shares of Toast in a research note on Tuesday, May 12th. Finally, Zacks Research downgraded Toast from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th. Seventeen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Toast has an average rating of “Moderate Buy” and an average target price of $38.62.

Toast News Summary

Here are the key news stories impacting Toast this week:

• Positive Sentiment: Revenue exceeded expectations and growth accelerated. Toast reported second-quarter 2026 revenue of $1.91 billion, above the $1.87 billion consensus and 23.1% higher year over year. The company also added a record 9,500 net locations, supporting confidence in continued customer adoption. Toast surprises with Q2 sales
• Positive Sentiment: Management is investing its upside in AI and expansion. Toast raised its 2026 outlook and said it will reinvest in artificial intelligence, product development and geographic expansion. Recurring gross profit streams reportedly grew 28%, reinforcing the long-term scalability thesis. Toast Q2 earnings call centers on AI-led reinvestment
• Positive Sentiment: Analysts raised price targets following the results. BMO lifted its target to $40 and assigned an outperform rating, Piper Sandler raised its target to $39 with an overweight rating, and Needham increased its target to $45 with a buy rating. These actions indicate improving confidence in Toast’s growth prospects. Analyst price-target changes
• Neutral Sentiment: Options activity suggests increased speculative interest. Investors purchased 20,735 Toast call options, about 34% above typical call volume. This may reflect bullish positioning, although options activity alone does not establish a change in fundamentals.
• Negative Sentiment: Adjusted earnings missed estimates. Toast reported $0.26 in EPS versus the $0.32 consensus, despite improving from $0.13 a year earlier. The profit shortfall could temper the market’s response if investors focus on near-term margins and execution. Toast Q2 earnings metrics
• Negative Sentiment: Valuation is becoming a concern. One analyst recommended trimming the position after the rally, arguing that expectations may be getting ahead of Toast’s fundamentals. With the stock trading at a relatively elevated earnings multiple, further gains may depend on sustained growth and improved profitability. Toast valuation downgrade
• Negative Sentiment: The CRO sold shares. Chief Revenue Officer Jonathan Vassil sold 14,280 shares worth approximately $469,700. The sale occurred under a pre-arranged Rule 10b5-1 plan, making it a weaker bearish signal than discretionary insider selling. Toast insider sale

Insider Activity

In related news, CFO Elena Gomez sold 11,605 shares of the stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $28.85, for a total value of $334,804.25. Following the completion of the sale, the chief financial officer directly owned 185,150 shares of the company’s stock, valued at approximately $5,341,577.50. This represents a 5.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Brian R. Elworthy sold 108,000 shares of the stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $25.89, for a total value of $2,796,120.00. Following the completion of the sale, the general counsel directly owned 189,642 shares of the company’s stock, valued at approximately $4,909,831.38. This represents a 36.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 173,545 shares of company stock valued at $4,748,501 in the last ninety days. Corporate insiders own 10.03% of the company’s stock.

Toast 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.