Toast (NYSE:TOST) Director Deval Patrick Sells 1,667 Shares

April 24, 2026 by InsiderTrades.com

Key Points

Director Deval Patrick sold 1,667 shares on Jan. 9 at an average price of $36.95, trimming his holding by 3.51% to 45,815 shares valued at roughly $1.69 million.
Quarterly results showed EPS of $0.16 (vs. $0.24 expected) while revenue rose 22% year‑over‑year to $1.63 billion, and the stock was down about 5.2% (opened at $27.92).
Institutional and analyst context: Institutions own ~82.9% of Toast, the consensus rating is a "Moderate Buy" with a $39.48 target, and the company has a market cap near $14.6 billion.

Toast, Inc. (NYSE:TOST - Get Free Report) Director Deval Patrick sold 1,667 shares of the firm's stock in a transaction dated Thursday, January 9th. The stock was sold at an average price of $36.95, for a total value of $61,595.65. Following the completion of the transaction, the director directly owned 45,815 shares in the company, valued at $1,692,864.25. The trade was a 3.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Toast Stock Down 5.2%

Toast Finally Cracks Profit—But a Bigger Risk Looms

NYSE TOST opened at $27.92 on Friday. Toast, Inc. has a 52 week low of $24.35 and a 52 week high of $49.66. The firm has a market capitalization of $14.63 billion, a P/E ratio of 51.71 and a beta of 1.90. The company has a 50-day moving average price of $27.52 and a 200-day moving average price of $32.29.

Toast (NYSE:TOST - Get Free Report) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.08). The business had revenue of $1.63 billion during the quarter, compared to analysts' expectations of $1.62 billion. Toast had a return on equity of 18.14% and a net margin of 5.56%.The business's quarterly revenue was up 22.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.05 EPS. As a group, equities research analysts anticipate that Toast, Inc. will post 0.81 EPS for the current year.

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

Toast declared that its board has authorized a stock buyback program on Thursday, February 12th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its shares are undervalued.

Institutional Trading of Toast

Several institutional investors and hedge funds have recently modified their holdings of the company. Capital International Investors lifted its stake in shares of Toast by 7.4% during the 3rd quarter. Capital International Investors now owns 48,428,060 shares of the company's stock valued at $1,768,256,000 after buying an additional 3,351,545 shares in the last quarter. Vanguard Group Inc. increased its stake in Toast by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 44,764,157 shares of the company's stock worth $1,634,339,000 after buying an additional 352,435 shares in the last quarter. Jennison Associates LLC increased its stake in Toast by 1.0% in the 4th quarter. Jennison Associates LLC now owns 15,157,955 shares of the company's stock worth $538,259,000 after buying an additional 157,394 shares in the last quarter. Morgan Stanley raised its holdings in Toast by 6.7% during the fourth quarter. Morgan Stanley now owns 10,372,626 shares of the company's stock valued at $368,332,000 after acquiring an additional 653,487 shares during the period. Finally, State Street Corp lifted its position in shares of Toast by 3.0% in the fourth quarter. State Street Corp now owns 9,820,594 shares of the company's stock valued at $348,729,000 after acquiring an additional 282,282 shares in the last quarter. 82.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Bargain Alert: 3 Stocks Worth Watching While The Market Cools

TOST has been the subject of a number of recent research reports. DA Davidson cut their price objective on shares of Toast from $36.00 to $33.00 and set a "neutral" rating for the company in a research report on Tuesday, February 17th. Canaccord Genuity Group set a $37.00 target price on Toast in a report on Friday, February 13th. Mizuho cut their price target on Toast from $57.00 to $45.00 and set an "outperform" rating for the company in a report on Tuesday, February 17th. Jefferies Financial Group set a $35.00 price target on Toast in a research report on Friday, February 13th. Finally, UBS Group set a $40.00 price objective on Toast in a research note on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $39.48.

Read Our Latest Research Report on TOST

More Toast News

Here are the key news stories impacting Toast this week:

Positive Sentiment: BMO Capital initiated coverage with an outperform / strong‑buy stance, signalling renewed analyst conviction that Toast can deliver above‑market returns; this helped lift bullish interest in the name. BMO Coverage
Positive Sentiment: Seeking Alpha argues Toast is a high‑growth specialist with AI integration, expanding enterprise wins and a shift to higher‑margin software/fintech services — factors that support better long‑term economics and justify recent bullish analyst actions. SA: AI Tailwinds
Positive Sentiment: Zacks and other outlets have upgraded the name and highlighted recent upside in the stock, reinforcing momentum among growth investors. Zacks Coverage
Neutral Sentiment: Toast set a release date for Q1 2026 earnings (after market close on May 7) and will host a conference call — an upcoming catalyst that could increase volatility and drive short‑term price moves. Earnings Release
Neutral Sentiment: Coverage and feature pieces (e.g., “More Than Just a POS” and “2 Reasons to Like TOST…”) outline growth drivers and potential headwinds — useful context but not immediate drivers of the intraday move. SA: More Than POS
Neutral Sentiment: Partnerships and customer wins (e.g., Alicart Group) support execution stories but are incremental vs. the larger macro/earnings narrative. Alicart Partnership
Negative Sentiment: Insider selling disclosed: Director Deval L. Patrick sold 1,667 shares in January (filed with the SEC). While a relatively small transaction vs. his total holdings, insider sales can unsettle investors sensitive to governance/signaling. Insider Sale
Negative Sentiment: Coverage pieces noting Toast “finally cracks profit” also warn of concentration risk on restaurant spending and competition — themes that could pressure sentiment ahead of the earnings print. Profit But Risks

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.