Key Points
- Toast CRO Jonathan Vassil sold 13,931 shares at an average price of $36.01, generating $501,655.31. The Rule 10b5-1 transaction reduced his holdings by 16.6% 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 Toast receiving a “Moderate Buy” consensus rating and an average price target of $39.00; the stock recently opened at $36.61.
Toast, Inc. (NYSE:TOST - Get Free Report) CRO Jonathan Vassil sold 13,931 shares of the firm's stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $36.01, for a total value of $501,655.31. Following the sale, the executive owned 69,966 shares in the company, valued at $2,519,475.66. This trade represents a 16.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 Tuesday, August 11th, Jonathan Vassil sold 13,797 shares of Toast stock. The shares were sold at an average price of $36.01, for a total value of $496,829.97.
- 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 value 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 value 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 value 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 value of $191,765.95.
Toast Price Performance
TOST opened at $36.61 on Friday. Toast, Inc. has a 12 month low of $22.26 and a 12 month high of $45.64. The business has a 50-day moving average of $30.43 and a two-hundred day moving average of $28.06. The stock has a market capitalization of $18.82 billion, a price-to-earnings ratio of 46.94 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 the consensus estimate of $0.32 by ($0.06). Toast had a return on equity of 23.90% and a net margin of 7.14%.The company had revenue of $1.91 billion for the quarter, compared to analysts' expectations of $1.87 billion. During the same quarter in the previous year, the company earned $0.13 earnings per share. The company's revenue was up 23.1% on a year-over-year basis. Equities research analysts anticipate that Toast, Inc. will post 1 earnings per share for the current year.
Hedge Funds Weigh In On Toast
Several hedge funds and other institutional investors have recently made changes to their positions in TOST. Norges Bank purchased a new stake in Toast during the 4th quarter worth $202,808,000. ValueAct Holdings L.P. raised its position in Toast by 135.9% in the fourth quarter. ValueAct Holdings L.P. now owns 8,015,277 shares of the company's stock valued at $284,622,000 after purchasing an additional 4,618,077 shares during the period. XN LP lifted its stake in shares of Toast by 50.8% during 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. lifted its stake in shares of Toast by 36.0% during 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, Wellington Management Group LLP lifted its stake in shares of Toast by 131.9% during the second quarter. Wellington Management Group LLP now owns 2,456,114 shares of the company's stock worth $68,329,000 after purchasing an additional 1,397,021 shares in the last quarter. Institutional investors and hedge funds own 82.91% of the company's stock.
Analysts Set New Price Targets
Several analysts have recently issued reports on TOST shares. UBS Group boosted their price objective on shares of Toast from $34.00 to $39.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Toast in a research report on Monday. Royal Bank Of Canada lifted their target price on Toast from $31.00 to $36.00 and gave the company a "sector perform" rating in a report on Wednesday, August 5th. Sanford C. Bernstein boosted their price target on Toast from $39.00 to $45.00 and gave the company an "outperform" rating in a research report on Thursday, August 6th. Finally, Morgan Stanley set a $45.00 price target on Toast in a research note on Friday, May 8th. Seventeen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, Toast presently has an average rating of "Moderate Buy" and a consensus target price of $39.00.
Check Out Our Latest Stock Analysis 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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