Insider Selling: Toast (NYSE:TOST) CRO Sells $165,600.00 in Stock

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 4,600 shares of the firm’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $36.00, for a total value of $165,600.00. Following the completion of the sale, the executive directly owned 77,424 shares of the company’s stock, valued at $2,787,264. The trade was a 5.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, November 2nd, Jonathan Vassil sold 14,280 shares of Toast stock. The shares were sold at an average price of $33.70, for a total value of $481,236.00.
• On Monday, October 5th, Jonathan Vassil sold 7,623 shares of Toast stock. The shares were sold at an average price of $30.19, for a total value of $230,138.37.
• On Friday, October 2nd, Jonathan Vassil sold 13,465 shares of Toast stock. The shares were sold at an average price of $29.69, for a total value of $399,775.85.
• On Wednesday, September 2nd, Jonathan Vassil sold 14,280 shares of Toast stock. The stock was sold at an average price of $33.90, for a total value of $484,092.00.
• On Friday, August 21st, Jonathan Vassil sold 85,280 shares of Toast stock. The stock was sold at an average price of $36.34, for a total transaction of $3,099,075.20.
• On Wednesday, August 19th, Jonathan Vassil sold 13,931 shares of Toast stock. The stock was sold at an average price of $36.01, for a total transaction of $501,655.31.
• On Tuesday, August 11th, Jonathan Vassil sold 13,797 shares of Toast stock. The shares were sold at an average price of $36.01, for a total transaction of $496,829.97.

Toast Trading Down 0.1%

Shares of TOST opened at $34.64 on Monday. Toast, Inc. has a twelve month low of $22.26 and a twelve month high of $38.64. The company has a market cap of $17.98 billion, a P/E ratio of 38.06 and a beta of 1.74. The company’s fifty day simple moving average is $31.86 and its 200-day simple moving average is $29.41.

Toast (NYSE:TOST) last released its earnings results on Tuesday, November 3rd. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.08). Toast had a return on equity of 26.39% and a net margin of 7.69%. The firm had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter last year, the business posted $0.16 EPS. Toast’s revenue was up 21.3% compared to the same quarter last year. Analysts predict that Toast, Inc. will post 1.00 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TOST has been the subject of a number of research analyst reports. BTIG Research reissued a “neutral” rating on shares of Toast in a research note on Thursday, August 27th. Evercore reaffirmed an “outperform” rating on shares of Toast in a research report on Wednesday, August 5th. Wall Street Zen downgraded Toast from a “buy” rating to a “hold” rating in a research report on Sunday, October 4th. Wells Fargo & Company increased their target price on Toast from $36.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Finally, DA Davidson lifted their target price on Toast from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Seventeen equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.65.

Institutional Trading of Toast

Hedge funds have recently added to or reduced their stakes in the business. HB Wealth Management LLC increased its holdings in shares of Toast by 2.5% during the second quarter. HB Wealth Management LLC now owns 12,748 shares of the company’s stock valued at $355,000 after acquiring an additional 315 shares in the last quarter. Americana Partners LLC boosted its stake in Toast by 4.0% in the 3rd quarter. Americana Partners LLC now owns 11,086 shares of the company’s stock worth $321,000 after purchasing an additional 422 shares in the last quarter. Hickory Point Bank & Trust boosted its stake in Toast by 10.0% in the 3rd quarter. Hickory Point Bank & Trust now owns 5,500 shares of the company’s stock worth $159,000 after purchasing an additional 500 shares in the last quarter. Toth Financial Advisory Corp boosted its stake in Toast by 16.9% in the 3rd quarter. Toth Financial Advisory Corp now owns 3,561 shares of the company’s stock worth $103,000 after purchasing an additional 516 shares in the last quarter. Finally, Canvas Wealth Advisors LLC grew its position in Toast by 4.2% during the 3rd quarter. Canvas Wealth Advisors LLC now owns 12,923 shares of the company’s stock worth $407,000 after purchasing an additional 524 shares during the last quarter. 82.91% of the stock is owned by hedge funds and other institutional investors.

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.

Founded in 2011 and headquartered in Boston, Toast serves restaurants in the United States and selected international markets.