Toast, Inc. (NYSE:TOST) CEO Sells $647,660.19 in Stock

Toast, Inc. (NYSE:TOSTGet 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:TOSTGet 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

A number of institutional investors have recently modified their holdings of the company. Paloma Partners Management Co grew its holdings in Toast by 215.1% in the second quarter. Paloma Partners Management Co now owns 54,500 shares of the company’s stock valued at $705,000 after purchasing an additional 37,203 shares during the period. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Toast in the second quarter valued at approximately $853,000. Trinity Financial Advisors LLC grew its holdings in Toast by 6.4% in the third quarter. Trinity Financial Advisors LLC now owns 22,693 shares of the company’s stock valued at $379,000 after purchasing an additional 1,365 shares during the period. Ocean Capital Management LLC grew its holdings in Toast by 9.0% in the third quarter. Ocean Capital Management LLC now owns 14,385 shares of the company’s stock valued at $244,000 after purchasing an additional 1,185 shares during the period. Finally, Allen Investment Management LLC purchased a new stake in Toast in the second quarter valued at approximately $718,000. Institutional investors and hedge funds own 50.82% of the company’s stock.

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

(Get Rating)

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.

Further Reading

Insider Buying and Selling by Quarter for Toast (NYSE:TOST)

Receive News & Ratings for Toast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toast and related companies with MarketBeat.com's FREE daily email newsletter.