Toast, Inc. (NYSE:TOST) Director Sells $496,430.00 in Stock

Toast, Inc. (NYSE:TOST) Director Paul D. Bell sold 11,000 shares of the company’s stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $45.13, for a total value of $496,430.00. Following the completion of the sale, the director now owns 229,680 shares in the company, valued at approximately $10,365,458.40. This represents a 4.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Toast Price Performance

NYSE TOST opened at $44.69 on Friday. The company has a market cap of $22.25 billion, a P/E ratio of -4,464.04, a P/E/G ratio of 2.16 and a beta of 1.98. Toast, Inc. has a 12 month low of $21.32 and a 12 month high of $45.56. The company has a 50-day moving average of $35.55 and a 200-day moving average of $37.36.

Toast (NYSE:TOST) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. Toast had a return on equity of 1.54% and a net margin of 0.40%. As a group, equities research analysts anticipate that Toast, Inc. will post 0.39 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wells Fargo & Company lifted their price objective on Toast from $39.00 to $46.00 and gave the stock an “overweight” rating in a report on Friday, May 9th. Wolfe Research upgraded shares of Toast from a “peer perform” rating to an “outperform” rating and set a $44.00 price objective on the stock in a research report on Wednesday, April 23rd. Canaccord Genuity Group increased their price objective on shares of Toast from $43.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. BMO Capital Markets lifted their target price on shares of Toast from $44.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, May 12th. Finally, JPMorgan Chase & Co. upped their price target on shares of Toast from $36.00 to $42.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $40.91.

Institutional Trading of Toast

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC increased its stake in Toast by 38.0% during the third quarter. Barclays PLC now owns 309,426 shares of the company’s stock worth $8,758,000 after acquiring an additional 85,171 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new stake in shares of Toast during the 4th quarter worth about $268,000. Mirador Capital Partners LP increased its position in Toast by 0.9% during the 4th quarter. Mirador Capital Partners LP now owns 41,938 shares of the company’s stock worth $1,529,000 after purchasing an additional 360 shares in the last quarter. Carnegie Investment Counsel purchased a new position in Toast in the fourth quarter valued at approximately $233,000. Finally, Merit Financial Group LLC acquired a new position in Toast during the fourth quarter valued at approximately $234,000. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Toast Company Profile

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.