Insider Selling: Toast, Inc. (NYSE:TOST) President Sells 300 Shares of Stock

Toast, Inc. (NYSE:TOST) President Stephen Fredette sold 300 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $35.00, for a total value of $10,500.00. Following the sale, the president now owns 1,538,846 shares in the company, valued at approximately $53,859,610. The trade was a 0.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Stephen Fredette also recently made the following trade(s):

• On Friday, March 7th, Stephen Fredette sold 70,340 shares of Toast stock. The stock was sold at an average price of $33.87, for a total transaction of $2,382,415.80.
• On Tuesday, February 4th, Stephen Fredette sold 1,068 shares of Toast stock. The stock was sold at an average price of $39.63, for a total transaction of $42,324.84.

Toast Stock Performance

TOST stock opened at $34.41 on Friday. The business’s 50-day moving average is $38.12 and its two-hundred day moving average is $34.56. Toast, Inc. has a fifty-two week low of $21.32 and a fifty-two week high of $44.12. The company has a market cap of $17.00 billion, a price-to-earnings ratio of -3,437.06, a P/E/G ratio of 2.16 and a beta of 1.99.

Toast (NYSE:TOST) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). Toast had a return on equity of 1.54% and a net margin of 0.40%. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.32 billion. Equities analysts predict that Toast, Inc. will post 0.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TOST has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price target on shares of Toast from $36.00 to $42.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. Compass Point started coverage on Toast in a report on Wednesday, November 20th. They set a “buy” rating and a $49.00 price target on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Toast from $40.00 to $42.00 and gave the stock a “market perform” rating in a research report on Thursday, February 20th. Royal Bank of Canada boosted their target price on Toast from $40.00 to $45.00 and gave the company a “sector perform” rating in a research note on Thursday, February 20th. Finally, Canaccord Genuity Group boosted their target price on shares of Toast from $43.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $40.48.

Hedge Funds Weigh In On Toast

Several large investors have recently made changes to their positions in TOST. Makena Capital Management LLC increased its holdings in shares of Toast by 7.6% in the third quarter. Makena Capital Management LLC now owns 274,392 shares of the company’s stock worth $7,768,000 after purchasing an additional 19,371 shares during the last quarter. KBC Group NV increased its position in Toast by 66.5% during the third quarter. KBC Group NV now owns 42,838 shares of the company’s stock valued at $1,213,000 after acquiring an additional 17,106 shares during the last quarter. Geode Capital Management LLC increased its position in Toast by 2.3% during the third quarter. Geode Capital Management LLC now owns 6,865,934 shares of the company’s stock valued at $193,992,000 after acquiring an additional 155,212 shares during the last quarter. MML Investors Services LLC grew its holdings in Toast by 40.6% during the 3rd quarter. MML Investors Services LLC now owns 228,313 shares of the company’s stock valued at $6,464,000 after purchasing an additional 65,957 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Toast by 5.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,938,487 shares of the company’s stock valued at $107,108,000 after purchasing an additional 155,446 shares during the last quarter. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

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.