Toast, Inc. (NYSE:TOST) President Sells $1,648,967.19 in Stock

Toast, Inc. (NYSE:TOST) President Stephen Fredette sold 47,073 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $35.03, for a total transaction of $1,648,967.19. Following the completion of the transaction, the president now owns 1,491,773 shares in the company, valued at approximately $52,256,808.19. The trade was a 3.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Wednesday, March 12th, Stephen Fredette sold 300 shares of Toast stock. The stock was sold at an average price of $35.00, for a total transaction of $10,500.00.
• 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 Trading Up 3.8 %

Shares of TOST stock opened at $35.09 on Thursday. Toast, Inc. has a 1 year low of $21.32 and a 1 year high of $44.12. The firm’s fifty day simple moving average is $37.90 and its 200 day simple moving average is $34.91. The firm has a market capitalization of $17.33 billion, a P/E ratio of -3,505.39, a price-to-earnings-growth ratio of 2.16 and a beta of 1.99.

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

Hedge Funds Weigh In On Toast

Institutional investors and hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. boosted its stake in Toast by 120.4% during the fourth quarter. Blue Trust Inc. now owns 692 shares of the company’s stock worth $25,000 after buying an additional 378 shares in the last quarter. Piscataqua Savings Bank acquired a new stake in Toast during the fourth quarter worth $26,000. Stonebridge Financial Group LLC acquired a new stake in Toast during the fourth quarter worth $34,000. SBI Securities Co. Ltd. acquired a new stake in Toast during the fourth quarter worth $35,000. Finally, Wingate Wealth Advisors Inc. acquired a new stake in Toast during the fourth quarter worth $40,000. Institutional investors own 82.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TOST. UBS Group increased their price objective on shares of Toast from $41.00 to $47.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Royal Bank of Canada raised their target price on shares of Toast from $40.00 to $45.00 and gave the company a “sector perform” rating in a research note on Thursday, February 20th. Compass Point began coverage on shares of Toast in a research report on Wednesday, November 20th. They set a “buy” rating and a $49.00 price objective for the company. DA Davidson restated a “neutral” rating and set a $38.00 price objective (down previously from $44.00) on shares of Toast in a research report on Thursday, December 5th. Finally, Oppenheimer began coverage on shares of Toast in a research report on Friday, January 24th. They set an “outperform” rating and a $46.00 price objective for the company. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $40.48.

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.