Brian Elworthy Sells 3,664 Shares of Toast (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST - Get Free Report) General Counsel Brian Elworthy sold 3,664 shares of the company's stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $26.19, for a total transaction of $95,960.16. Following the completion of the transaction, the general counsel owned 243,642 shares in the company, valued at approximately $6,380,983.98. The trade was a 1.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Toast Price Performance

• Toast Stock: A Fast-Growing Mid-Cap Eyeing Further Upside

TOST stock opened at $26.44 on Friday. Toast, Inc. has a 12 month low of $24.35 and a 12 month high of $49.66. The firm's 50-day moving average is $28.10 and its 200 day moving average is $33.31. The company has a market capitalization of $13.86 billion, a PE ratio of 48.97 and a beta of 1.90.

Toast (NYSE:TOST - Get Free Report) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.08). The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.62 billion. Toast had a net margin of 5.56% and a return on equity of 18.14%. The company's quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.05 EPS. Sell-side analysts forecast that Toast, Inc. will post 0.39 EPS for the current fiscal year.

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Toast declared that its Board of Directors has approved a share buyback program on Thursday, February 12th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TOST. Evercore raised Toast from an "in-line" rating to an "outperform" rating and set a $40.00 price objective on the stock in a research note on Tuesday, January 20th. Jefferies Financial Group set a $35.00 target price on Toast in a research report on Friday, February 13th. Oppenheimer lowered their target price on Toast from $48.00 to $39.00 and set an "outperform" rating for the company in a report on Friday, February 13th. Wolfe Research downgraded Toast from an "outperform" rating to a "peer perform" rating in a research report on Thursday, January 8th. Finally, Sanford C. Bernstein set a $39.00 price target on Toast in a research note on Monday, February 16th. Seventeen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $39.88.

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Get Our Latest Report on TOST

Key Headlines Impacting Toast

Here are the key news stories impacting Toast this week:

• Neutral Sentiment: Loop Capital initiated coverage of Toast with a "Hold" rating, which removes an immediate buy catalyst and may cap near‑term upside until clearer growth/profitability signals arrive. Loop Capital coverage
• Neutral Sentiment: Toast has been heavily searched by investors (Zacks spotlight), which can increase short‑term volume and volatility but doesn't itself change fundamentals. Zacks: Investors Heavily Search
• Negative Sentiment: Multiple senior executives sold stock on April 2 (CEO Aman Narang, CFO Elena Gomez, President Stephen Fredette, General Counsel Brian Elworthy, and CRO Jonathan Vassil), collectively disposing of roughly $1.04M of shares at about $26.19 each. The CEO's sale reduced his holding by ~19.95%; other insiders also trimmed positions. Clustered sales by top management can be perceived negatively by the market (signaling liquidity needs or reduced insider confidence), even if they stem from routine vesting/diversification; filings are available with the SEC. CEO SEC filing

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Bayban purchased a new stake in Toast during the fourth quarter valued at approximately $25,000. Quent Capital LLC acquired a new stake in Toast in the third quarter valued at approximately $27,000. SHP Wealth Management purchased a new position in Toast in the fourth quarter worth $29,000. Strive Financial Group LLC purchased a new position in Toast in the fourth quarter worth $29,000. Finally, Alpine Bank Wealth Management acquired a new position in shares of Toast during the third quarter worth $30,000. Institutional investors own 82.91% of the company's stock.

Toast Company Profile

(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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