Key Points
- Toast CRO Jonathan Vassil sold 85,280 shares at an average price of $36.34, generating approximately $3.10 million. The transaction, conducted under a Rule 10b5-1 plan, reduced his holdings by 54.93% to 69,966 shares.
- Toast shares opened at $36.81, up 0.3%, with the stock trading above its 50-day and 200-day moving averages. The company’s latest revenue rose 23.1% year over year to $1.91 billion, though earnings per share of $0.26 missed analyst expectations.
- Analysts maintain a “Moderate Buy” consensus rating with an average price target of $39.00; 17 analysts rate the stock a Buy and nine rate it a Hold. Institutional investors own 82.91% of Toast’s shares.
Toast, Inc. (NYSE:TOST - Get Free Report) CRO Jonathan Vassil sold 85,280 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $36.34, for a total transaction of $3,099,075.20. Following the completion of the sale, the executive owned 69,966 shares of the company's stock, valued at approximately $2,542,564.44. This represents a 54.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 19th, Jonathan Vassil sold 13,931 shares of Toast stock. The shares were sold at an average price of $36.01, for a total transaction of $501,655.31.
- On Tuesday, August 11th, Jonathan Vassil sold 13,797 shares of Toast stock. The stock was sold at an average price of $36.01, for a total transaction 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 transaction of $169,294.00.
- On Monday, August 3rd, Jonathan Vassil sold 14,280 shares of Toast stock. The shares were 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 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 Stock Up 0.3%
Shares of NYSE TOST opened at $36.81 on Wednesday. The business's 50 day moving average price is $30.90 and its two-hundred day moving average price is $28.16. The company has a market cap of $18.92 billion, a PE ratio of 47.19 and a beta of 1.72. Toast, Inc. has a twelve month low of $22.26 and a twelve month high of $45.64.
Toast (NYSE:TOST - Get Free Report) last posted its earnings results 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). Toast had a return on equity of 23.90% and a net margin of 7.14%.The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the previous year, the firm posted $0.13 earnings per share. The firm's revenue was up 23.1% compared to the same quarter last year. As a group, research analysts anticipate that Toast, Inc. will post 1 EPS for the current fiscal year.
Analysts Set New Price Targets
Several equities analysts have commented on the stock. Mizuho decreased their price objective on shares of Toast from $45.00 to $38.00 and set an "outperform" rating on the stock in a report on Tuesday, May 12th. Zacks Research cut shares of Toast from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 7th. Jefferies Financial Group set a $40.00 target price on shares of Toast in a report on Wednesday, August 5th. Citigroup upped their price target on shares of Toast from $36.00 to $39.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Finally, Canaccord Genuity Group set a $40.00 price target on shares of Toast in a report on Wednesday, August 5th. Seventeen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Toast currently has an average rating of "Moderate Buy" and a consensus price target of $39.00.
View Our Latest Report on Toast
Institutional Investors Weigh In On Toast
Institutional investors and hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System increased its holdings in Toast by 2,643.0% in the 2nd quarter. California State Teachers Retirement System now owns 17,903,895 shares of the company's stock valued at $498,086,000 after buying an additional 17,251,171 shares during the period. HB Wealth Management LLC lifted its holdings in shares of Toast by 2.5% during the 2nd quarter. HB Wealth Management LLC now owns 12,748 shares of the company's stock worth $355,000 after acquiring an additional 315 shares during the period. Saudi Central Bank lifted its holdings in shares of Toast by 93.0% during the 2nd quarter. Saudi Central Bank now owns 33,013 shares of the company's stock worth $918,000 after acquiring an additional 15,905 shares during the period. Odyssean LLC boosted its position in shares of Toast by 144.1% during the 2nd quarter. Odyssean LLC now owns 119,775 shares of the company's stock worth $3,332,000 after acquiring an additional 70,700 shares in the last quarter. Finally, BAM Wealth Management LLC boosted its position in shares of Toast by 23.2% during the 2nd quarter. BAM Wealth Management LLC now owns 15,098 shares of the company's stock worth $420,000 after acquiring an additional 2,844 shares in the last quarter. 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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