Toast, Inc. (NYSE:TOST) General Counsel Brian R. Elworthy Sells 653 Shares

Toast, Inc. (NYSE:TOST) General Counsel Brian R. Elworthy sold 653 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total value of $25,878.39. Following the completion of the transaction, the general counsel now directly owns 209,206 shares of the company’s stock, valued at approximately $8,290,833.78. This trade represents a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Toast Stock Performance

Shares of NYSE:TOST traded up $2.07 during trading on Wednesday, hitting $41.31. The company’s stock had a trading volume of 5,900,445 shares, compared to its average volume of 5,030,922. Toast, Inc. has a fifty-two week low of $18.14 and a fifty-two week high of $44.12. The stock’s 50-day moving average price is $38.49 and its two-hundred day moving average price is $32.18. The company has a market capitalization of $19.46 billion, a PE ratio of -317.75, a PEG ratio of 2.18 and a beta of 1.98.

Toast (NYSE:TOST) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.06. Toast had a negative return on equity of 3.84% and a negative net margin of 1.05%. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the prior year, the firm posted ($0.09) earnings per share. On average, equities analysts predict that Toast, Inc. will post 0.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TOST. Stephens lifted their price objective on Toast from $28.00 to $30.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. BMO Capital Markets began coverage on Toast in a research report on Monday, January 6th. They issued an “outperform” rating and a $45.00 price objective for the company. Wells Fargo & Company lifted their price objective on Toast from $25.00 to $30.00 and gave the company an “underweight” rating in a research report on Thursday, January 16th. JPMorgan Chase & Co. lifted their price objective on Toast from $28.00 to $36.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, Royal Bank of Canada lifted their price objective on Toast from $27.00 to $40.00 and gave the company a “sector perform” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $35.74.

Institutional Trading of Toast

Several institutional investors and hedge funds have recently bought and sold shares of the company. Blue Trust Inc. grew its holdings in shares of Toast by 120.4% during the fourth quarter. Blue Trust Inc. now owns 692 shares of the company’s stock valued at $25,000 after purchasing an additional 378 shares during the last quarter. Piscataqua Savings Bank bought a new position in shares of Toast during the fourth quarter valued at approximately $26,000. Toth Financial Advisory Corp bought a new position in shares of Toast during the third quarter valued at approximately $28,000. Stonebridge Financial Group LLC bought a new position in shares of Toast during the fourth quarter valued at approximately $34,000. Finally, Wingate Wealth Advisors Inc. bought a new position in shares of Toast during the fourth quarter valued at approximately $40,000. Institutional investors and hedge funds 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.