Toast, Inc. (NYSE:TOST – Get Rating) CEO Christopher P. Comparato sold 33,333 shares of Toast stock in a transaction dated Thursday, January 19th. The shares were sold at an average price of $19.43, for a total transaction of $647,660.19. Following the completion of the sale, the chief executive officer now directly owns 171,063 shares in the company, valued at approximately $3,323,754.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Toast Price Performance
NYSE:TOST opened at $22.34 on Tuesday. The firm has a 50 day simple moving average of $18.53 and a 200-day simple moving average of $18.30. The firm has a market cap of $11.44 billion, a PE ratio of -30.60 and a beta of 1.58. Toast, Inc. has a 1-year low of $11.91 and a 1-year high of $30.60.
Toast (NYSE:TOST – Get Rating) last posted its quarterly earnings data on Thursday, November 10th. The company reported ($0.19) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.03. The business had revenue of $752.00 million during the quarter, compared to analyst estimates of $714.61 million. Toast had a negative net margin of 6.99% and a negative return on equity of 25.85%. As a group, sell-side analysts expect that Toast, Inc. will post -0.52 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Toast
Wall Street Analysts Forecast Growth
TOST has been the subject of several recent analyst reports. Wolfe Research initiated coverage on shares of Toast in a research note on Tuesday, November 29th. They issued a “peer perform” rating and a $18.00 price objective for the company. Piper Sandler reduced their price objective on shares of Toast from $26.00 to $22.00 and set an “overweight” rating for the company in a research note on Monday, January 9th. Morgan Stanley raised their price objective on shares of Toast from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, November 11th. Mizuho upgraded shares of Toast from a “neutral” rating to a “buy” rating and raised their price objective for the company from $22.00 to $24.00 in a research note on Monday, October 10th. Finally, The Goldman Sachs Group reduced their price objective on shares of Toast from $23.00 to $19.00 and set a “neutral” rating for the company in a research note on Monday, January 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Toast currently has a consensus rating of “Hold” and an average price target of $23.63.
Toast Company Profile
Toast, Inc operates a cloud-based and digital technology platform for the restaurant industry in the United States and Ireland. The company offers Toast Point of Sale (POS), a hardware product; Toast Order & Pay, which allows guests to order and pay from their mobile devices; Toast Flex that is used for on-counter order and pay, as well as used as a server station, guest kiosk, kitchen display system, or order fulfillment station; Toast Go, a handheld POS device that enhances the table turn times through tableside ordering and payment acceptance; and Toast Tap, a card reader.
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