Key Points
- Toast CRO Jonathan Vassil sold 13,797 shares at an average price of $36.01, totaling approximately $496,830. The Rule 10b5-1 transaction reduced his direct holdings by 16.47% to 69,966 shares.
- Toast reported quarterly revenue of $1.91 billion, up 23.1% year over year and above estimates, but earnings per share of $0.26 missed the $0.32 consensus forecast.
- Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $39.00; institutional investors own approximately 82.91% of Toast’s stock.
Toast, Inc. (NYSE:TOST - Get Free Report) CRO Jonathan Vassil sold 13,797 shares of Toast stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $36.01, for a total transaction of $496,829.97. Following the completion of the transaction, the executive directly owned 69,966 shares of the company's stock, valued at approximately $2,519,475.66. This represents a 16.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Jonathan Vassil also recently made the following trade(s):
- On Wednesday, August 5th, Jonathan Vassil sold 4,700 shares of Toast stock. The shares were sold at an average price of $36.02, for a total transaction of $169,294.00.
- On Monday, August 3rd, Jonathan Vassil sold 14,280 shares of Toast stock. The stock was sold at an average price of $32.89, for a total transaction of $469,669.20.
- On Tuesday, July 7th, Jonathan Vassil sold 3,150 shares of Toast stock. The stock was sold at an average price of $30.03, for a total transaction of $94,594.50.
- On Thursday, July 2nd, Jonathan Vassil sold 6,647 shares of Toast stock. The stock was sold at an average price of $28.85, for a total transaction of $191,765.95.
Toast Stock Performance
NYSE TOST opened at $35.20 on Friday. Toast, Inc. has a one year low of $22.26 and a one year high of $45.64. The company has a 50-day simple moving average of $29.15 and a 200-day simple moving average of $27.90. The firm has a market capitalization of $18.09 billion, a PE ratio of 45.12 and a beta of 1.72.
Toast (NYSE:TOST - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by ($0.06). The business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.87 billion. Toast had a net margin of 7.14% and a return on equity of 23.90%. Toast's quarterly revenue was up 23.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.13 EPS. Equities analysts forecast that Toast, Inc. will post 1 earnings per share for the current year.
Hedge Funds Weigh In On Toast
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TOST. Norges Bank acquired a new stake in Toast in the 4th quarter valued at approximately $202,808,000. ValueAct Holdings L.P. boosted its position in Toast by 135.9% during the 4th quarter. ValueAct Holdings L.P. now owns 8,015,277 shares of the company's stock worth $284,622,000 after acquiring an additional 4,618,077 shares during the period. XN LP grew its stake in shares of Toast by 50.8% in the fourth quarter. XN LP now owns 8,988,386 shares of the company's stock worth $319,178,000 after purchasing an additional 3,029,856 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Toast by 36.0% in the first quarter. Principal Financial Group Inc. now owns 7,977,244 shares of the company's stock worth $211,478,000 after purchasing an additional 2,111,009 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC increased its holdings in shares of Toast by 343.6% during the second quarter. Worldquant Millennium Advisors LLC now owns 1,792,209 shares of the company's stock valued at $79,377,000 after purchasing an additional 1,388,210 shares during the period. 82.91% of the stock is owned by institutional investors.
Analysts Set New Price Targets
TOST has been the topic of a number of research reports. Piper Sandler increased their price target on Toast from $32.00 to $39.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 5th. Zacks Research downgraded Toast from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 7th. Morgan Stanley set a $45.00 price objective on Toast in a research note on Friday, May 8th. Sanford C. Bernstein raised their target price on Toast from $39.00 to $45.00 and gave the company an "outperform" rating in a research note on Thursday, August 6th. Finally, UBS Group boosted their price target on shares of Toast from $34.00 to $39.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. Seventeen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $39.00.
Check Out Our Latest Research Report on TOST
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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