Key Points
- Toast CRO Jonathan Vassil sold 14,280 shares at an average price of $33.90, generating $484,092. The pre-arranged Rule 10b5-1 transaction reduced his direct stake by 16.95% to 69,966 shares.
- Vassil has made several additional Toast sales in recent months, including 85,280 shares sold on August 21 for approximately $3.10 million.
- Toast reported quarterly revenue of $1.91 billion, up 23.1% year over year, but missed EPS expectations. Analysts maintain a “Moderate Buy” consensus with an average price target of $39.12, versus a recent share price near $33.94.
Toast, Inc. (NYSE:TOST - Get Free Report) CRO Jonathan Vassil sold 14,280 shares of Toast stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $33.90, for a total transaction of $484,092.00. Following the completion of the transaction, the executive directly owned 69,966 shares in the company, valued at approximately $2,371,847.40. The trade was a 16.95% decrease in their position. The sale was disclosed in a filing with the SEC, 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 Friday, August 21st, Jonathan Vassil sold 85,280 shares of Toast stock. The stock was sold at an average price of $36.34, for a total transaction of $3,099,075.20.
- 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 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 shares were 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 shares were sold at an average price of $28.85, for a total transaction of $191,765.95.
Toast Price Performance
Toast stock opened at $33.94 on Friday. The company has a market cap of $17.45 billion, a price-to-earnings ratio of 43.51 and a beta of 1.72. The firm has a 50-day moving average of $32.41 and a 200-day moving average of $28.54. Toast, Inc. has a one year low of $22.26 and a one year high of $42.15.
Toast (NYSE:TOST - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by ($0.06). Toast had a net margin of 7.14% and a return on equity of 23.90%. The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the firm posted $0.13 EPS. Toast's revenue was up 23.1% compared to the same quarter last year. As a group, sell-side analysts expect that Toast, Inc. will post 1 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on TOST. Canaccord Genuity Group set a $40.00 price objective on Toast in a report on Wednesday, August 5th. BNP Paribas Exane downgraded shares of Toast from an "outperform" rating to a "neutral" rating and decreased their price objective for the company from $38.00 to $35.00 in a research report on Wednesday. Royal Bank Of Canada upped their target price on shares of Toast from $36.00 to $44.00 and gave the company a "sector perform" rating in a report on Monday. Rothschild & Co Redburn reaffirmed a "neutral" rating and set a $35.00 price target on shares of Toast in a report on Tuesday, May 12th. Finally, The Goldman Sachs Group upgraded shares of Toast from a "neutral" rating to a "buy" rating and set a $36.00 target price for the company in a research note on Thursday, July 9th. Sixteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $39.12.
Get Our Latest Stock Analysis on TOST
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in TOST. Cygnus Capital Advisors LLC acquired a new stake in shares of Toast in the second quarter valued at approximately $640,000. California State Teachers Retirement System increased its stake in Toast by 2,643.0% during the 2nd quarter. California State Teachers Retirement System now owns 17,903,895 shares of the company's stock worth $498,086,000 after acquiring an additional 17,251,171 shares during the period. HB Wealth Management LLC raised its holdings in Toast by 2.5% in the 2nd quarter. HB Wealth Management LLC now owns 12,748 shares of the company's stock valued at $355,000 after acquiring an additional 315 shares in the last quarter. Saudi Central Bank raised its holdings in Toast by 93.0% in the 2nd quarter. Saudi Central Bank now owns 33,013 shares of the company's stock valued at $918,000 after acquiring an additional 15,905 shares in the last quarter. Finally, Odyssean LLC lifted 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 valued at $3,332,000 after acquiring an additional 70,700 shares during the period. 82.91% of the stock is owned by institutional investors.
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.
Further Reading
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