Toast, Inc. (NYSE:TOST – Get Rating) major shareholder Bessemer Venture Partners Ix L sold 500,000 shares of the stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $20.93, for a total transaction of $10,465,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Toast Stock Performance
NYSE TOST opened at $21.30 on Tuesday. The company has a market cap of $11.30 billion, a PE ratio of -32.77 and a beta of 1.75. Toast, Inc. has a 52-week low of $12.15 and a 52-week high of $26.03. The firm’s 50 day moving average price is $17.97 and its 200-day moving average price is $19.00.
Toast (NYSE:TOST – Get Rating) last announced its earnings results on Tuesday, May 9th. The company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.02. The company had revenue of $819.00 million during the quarter, compared to the consensus estimate of $763.11 million. Toast had a negative net margin of 11.01% and a negative return on equity of 29.74%. Toast’s revenue was up 53.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.20) earnings per share. On average, analysts forecast that Toast, Inc. will post -0.57 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Toast
Analyst Upgrades and Downgrades
A number of research analysts recently commented on the stock. BNP Paribas assumed coverage on shares of Toast in a report on Thursday, March 23rd. They issued a “neutral” rating and a $16.00 price target for the company. Stephens assumed coverage on shares of Toast in a report on Thursday, April 13th. They issued an “equal weight” rating and a $18.00 price target for the company. DA Davidson reissued a “buy” rating on shares of Toast in a research report on Monday, April 3rd. Credit Suisse Group increased their price objective on shares of Toast from $21.50 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, February 17th. Finally, Mizuho increased their price objective on shares of Toast from $23.00 to $25.00 in a research report on Tuesday, May 16th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $22.75.
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.
- Get a free copy of the StockNews.com research report on Toast (TOST)
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