Key Points
- General Counsel Brian Elworthy sold 648 shares at an average price of $30.34 for $19,660, reducing his stake by 0.27% to 237,261 shares.
- Multiple senior executives (CEO, CFO, CRO, President and GC) sold the same day, totaling about 6,247 shares (~$189.5k), a clustered insider selling event that could weigh on near-term sentiment.
- Toast shares opened at $27.86 (52‑week range $27.28–$49.66) with a $14.35B market cap and a consensus analyst rating of Moderate Buy (average target $45.55); the company reported revenue up 25.1% but missed EPS estimates last quarter.
Toast, Inc. (NYSE:TOST - Get Free Report) General Counsel Brian Elworthy sold 648 shares of the firm's stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $30.34, for a total value of $19,660.32. Following the sale, the general counsel directly owned 237,261 shares in the company, valued at approximately $7,198,498.74. This represents a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Toast Stock Performance
NYSE:TOST opened at $27.86 on Thursday. Toast, Inc. has a fifty-two week low of $27.28 and a fifty-two week high of $49.66. The stock's fifty day moving average is $34.50 and its 200 day moving average is $38.20. The firm has a market capitalization of $14.35 billion, a PE ratio of 64.13 and a beta of 1.93.
Toast (NYSE:TOST - Get Free Report) last announced its earnings results on Tuesday, November 4th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.08). The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.58 billion. Toast had a net margin of 4.68% and a return on equity of 15.77%. The firm's revenue was up 25.1% compared to the same quarter last year. During the same period last year, the business posted $0.07 EPS. Equities analysts forecast that Toast, Inc. will post 0.39 EPS for the current year.
Analyst Ratings Changes
TOST has been the topic of several research analyst reports. Weiss Ratings reiterated a "hold (c-)" rating on shares of Toast in a report on Monday, December 29th. Oppenheimer reduced their price objective on shares of Toast from $49.00 to $48.00 and set an "outperform" rating on the stock in a report on Monday, January 12th. BNP Paribas Exane raised Toast from a "hold" rating to an "outperform" rating and set a $40.00 price objective for the company in a research note on Monday, December 1st. Wells Fargo & Company raised Toast to a "strong-buy" rating in a research report on Wednesday, October 22nd. Finally, UBS Group reiterated a "buy" rating on shares of Toast in a research note on Thursday, December 18th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $45.55.
Check Out Our Latest Analysis on Toast
Hedge Funds Weigh In On Toast
A number of large investors have recently bought and sold shares of the business. Quent Capital LLC bought a new stake in Toast in the third quarter valued at $27,000. RiverPark Advisors LLC acquired a new stake in shares of Toast during the 2nd quarter valued at $30,000. Alpine Bank Wealth Management purchased a new position in shares of Toast during the third quarter valued at $30,000. Ameritas Advisory Services LLC acquired a new stake in shares of Toast during the 2nd quarter valued at $31,000. Finally, Central Pacific Bank Trust Division raised its position in Toast by 123.5% during the fourth quarter. Central Pacific Bank Trust Division now owns 943 shares of the company's stock valued at $33,000 after acquiring an additional 521 shares in the last quarter. Institutional investors own 82.91% of the company's stock.
Key Toast News
Here are the key news stories impacting Toast this week:
- Positive Sentiment: The Motley Fool published a bullish take noting Toast's recurring-revenue model, accelerating revenue (now over $2B) and that the company has "crossed into sustainable profitability" with room to scale — a constructive fundamental note for longer-term holders. This Restaurant-Focused Fintech Has a Recurring-Revenue Machine
- Neutral Sentiment: News aggregators flagged TOST among several tech names trading down this morning, which suggests broader sector or market pressure is contributing to the move rather than company-specific bad news. Toast, Autodesk, Bandwidth, GoDaddy, and Palo Alto Networks stocks trade down
- Negative Sentiment: Several senior executives sold shares on Feb 3 (CEO Aman Narang 1,648; CFO Elena Gomez 1,437; CRO Jonathan Vassil 1,454; President Stephen Fredette 1,060; GC Brian Elworthy 648), totaling ~6,247 shares for ~$189.5k at an average price of $30.34. While each sale represented only a small percentage reduction in their individual holdings (<1% for most), clustered insider sales can sap near-term sentiment and amplify downside. Filings: CEO filing CFO filing CRO filing President filing GC filing
About Toast
(
Get Free Report)
Toast, Inc (NYSE: TOST) is a technology company that builds a cloud-based platform for restaurants and other foodservice businesses. Headquartered in Boston, Massachusetts, Toast offers integrated point-of-sale (POS) systems and a suite of software and hardware designed to streamline front-of-house and back-of-house operations. The company went public in 2021 and has positioned itself as a vertically integrated provider for the restaurant industry.
Toast's product portfolio includes touchscreen POS terminals and handheld order-and-pay devices, kitchen display systems, and peripherals tailored for high-volume foodservice environments.
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