Toast (NYSE:TOST) Issues Earnings Results, Misses Expectations By $0.01 EPS

Toast (NYSE:TOST) posted its quarterly earnings data on Wednesday. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01), Zacks reports. Toast had a negative return on equity of 3.84% and a negative net margin of 1.05%.

Toast Price Performance

NYSE TOST opened at $40.10 on Thursday. The company has a market capitalization of $18.89 billion, a PE ratio of -308.48, a P/E/G ratio of 2.27 and a beta of 1.98. The company has a fifty day moving average of $38.59 and a 200 day moving average of $33.30. Toast has a 1 year low of $20.49 and a 1 year high of $44.12.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. The Goldman Sachs Group dropped their target price on shares of Toast from $45.00 to $40.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Keefe, Bruyette & Woods upped their target price on shares of Toast from $40.00 to $42.00 and gave the stock a “market perform” rating in a research note on Thursday. Wells Fargo & Company upped their target price on shares of Toast from $25.00 to $30.00 and gave the stock an “underweight” rating in a research note on Thursday, January 16th. Royal Bank of Canada upped their target price on shares of Toast from $27.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Toast from $24.00 to $30.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $37.86.

Insider Activity at Toast

In related news, Director David Yuan sold 189,785 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $43.01, for a total transaction of $8,162,652.85. Following the completion of the transaction, the director now directly owns 198,829 shares in the company, valued at $8,551,635.29. The trade was a 48.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Brian R. Elworthy sold 653 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total transaction of $25,878.39. Following the transaction, the general counsel now owns 209,206 shares of the company’s stock, valued at $8,290,833.78. This represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 339,564 shares of company stock worth $13,577,845 over the last three months. Company insiders own 13.32% 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.