Toast, Inc. (NYSE:TOST) CFO Elena Gomez Sells 1,917 Shares

Toast, Inc. (NYSE:TOST) CFO Elena Gomez sold 1,917 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $31.08, for a total value of $59,580.36. Following the completion of the sale, the chief financial officer now directly owns 159,615 shares of the company’s stock, valued at approximately $4,960,834.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, October 18th, Elena Gomez sold 31,248 shares of Toast stock. The stock was sold at an average price of $30.37, for a total value of $949,001.76.
• On Tuesday, October 1st, Elena Gomez sold 12,500 shares of Toast stock. The shares were sold at an average price of $28.41, for a total value of $355,125.00.

Toast Stock Up 1.6 %

Toast stock traded up $0.49 during trading hours on Tuesday, hitting $30.81. 5,775,103 shares of the company traded hands, compared to its average volume of 7,069,465. The firm’s 50-day simple moving average is $27.49 and its two-hundred day simple moving average is $25.70. Toast, Inc. has a 1-year low of $13.77 and a 1-year high of $31.57.

Toast (NYSE:TOST) last announced its earnings results on Tuesday, August 6th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.04. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Toast had a negative return on equity of 11.27% and a negative net margin of 3.10%. The firm’s quarterly revenue was up 27.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.19) earnings per share. On average, analysts expect that Toast, Inc. will post -0.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on TOST shares. DA Davidson boosted their target price on shares of Toast from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Robert W. Baird lifted their price target on shares of Toast from $28.00 to $30.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Morgan Stanley increased their price objective on shares of Toast from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada restated a “sector perform” rating and issued a $27.00 target price on shares of Toast in a research note on Wednesday, August 7th. Finally, Bank of America upped their target price on Toast from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. One analyst has rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.30.

Institutional Trading of Toast

A number of hedge funds and other institutional investors have recently modified their holdings of the company. LRI Investments LLC bought a new stake in shares of Toast in the 1st quarter worth approximately $27,000. West Branch Capital LLC bought a new position in shares of Toast in the second quarter valued at $26,000. Toth Financial Advisory Corp acquired a new stake in shares of Toast during the 3rd quarter valued at $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Toast during the 2nd quarter worth $33,000. Finally, 1620 Investment Advisors Inc. acquired a new position in shares of Toast in the 2nd quarter worth $34,000. Institutional investors own 82.91% of the company’s stock.

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.