Toast, Inc. (NYSE:TOST - Get Free Report) CRO Jonathan Vassil sold 4,600 shares of the firm's stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $36.00, for a total value of $165,600.00. Following the transaction, the executive directly owned 77,424 shares of the company's stock, valued at $2,787,264. This represents a 5.61% decrease in their position. The sale was disclosed in a document filed with the SEC, 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 Monday, November 2nd, Jonathan Vassil sold 14,280 shares of Toast stock. The stock was sold at an average price of $33.70, for a total transaction of $481,236.00.
- On Monday, October 5th, Jonathan Vassil sold 7,623 shares of Toast stock. The stock was sold at an average price of $30.19, for a total transaction of $230,138.37.
- On Friday, October 2nd, Jonathan Vassil sold 13,465 shares of Toast stock. The stock was sold at an average price of $29.69, for a total transaction of $399,775.85.
- On Wednesday, September 2nd, Jonathan Vassil sold 14,280 shares of Toast stock. The shares were sold at an average price of $33.90, for a total transaction of $484,092.00.
- On Friday, August 21st, Jonathan Vassil sold 85,280 shares of Toast stock. The shares were 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 stock was 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.
Toast Trading Down 1.5%
TOST traded down $0.52 during midday trading on Friday, reaching $34.64. The company's stock had a trading volume of 9,490,520 shares, compared to its average volume of 7,706,938. Toast, Inc. has a 1 year low of $22.26 and a 1 year high of $38.64. The stock's 50-day moving average is $31.86 and its 200-day moving average is $29.41. The firm has a market capitalization of $17.80 billion, a price-to-earnings ratio of 38.06 and a beta of 1.74.
Toast (NYSE:TOST - Get Free Report) last released its earnings results on Tuesday, November 3rd. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.08). Toast had a net margin of 7.14% and a return on equity of 23.90%. The business had revenue of $1.98 billion for the quarter, compared to analysts' expectations of $1.97 billion. During the same quarter in the previous year, the business posted $0.16 earnings per share. Toast's revenue for the quarter was up 21.3% on a year-over-year basis. As a group, equities research analysts forecast that Toast, Inc. will post 1.00 earnings per share for the current fiscal year.
Institutional Trading of Toast
Several institutional investors have recently added to or reduced their stakes in the business. Aberdeen Group plc purchased a new position in shares of Toast during the 3rd quarter worth $9,803,000. Russell Investments Group Ltd. increased its position in Toast by 6.8% in the third quarter. Russell Investments Group Ltd. now owns 437,125 shares of the company's stock worth $12,672,000 after buying an additional 27,979 shares in the last quarter. Eurizon Capital SGR S.p.A. increased its position in Toast by 60.6% in the third quarter. Eurizon Capital SGR S.p.A. now owns 60,445 shares of the company's stock worth $1,760,000 after buying an additional 22,802 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of Toast by 4.6% in the third quarter. Fifth Third Bancorp now owns 123,172 shares of the company's stock worth $3,571,000 after buying an additional 5,473 shares during the period. Finally, Maryland State Retirement & Pension System raised its stake in shares of Toast by 17.4% in the third quarter. Maryland State Retirement & Pension System now owns 28,696 shares of the company's stock worth $832,000 after buying an additional 4,259 shares during the period. 82.91% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the company. UBS Group raised their price objective on Toast from $34.00 to $39.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Morgan Stanley dropped their target price on Toast from $45.00 to $42.00 and set an "overweight" rating on the stock in a report on Wednesday. BMO Capital Markets increased their target price on Toast from $35.00 to $40.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 5th. Wall Street Zen downgraded Toast from a "buy" rating to a "hold" rating in a report on Sunday, October 4th. Finally, Barclays lifted their price target on Toast from $35.00 to $39.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 5th. Seventeen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, Toast currently has a consensus rating of "Moderate Buy" and a consensus target price of $38.65.
Read Our Latest Stock Report on Toast
Toast Company Profile
(
Get Free Report)
Toast, Inc (NYSE:TOST) provides a cloud-based technology platform designed for restaurants. Its integrated system combines point-of-sale software and hardware with payment processing, helping restaurants manage sales, orders, menus, guest interactions and day-to-day operations from a unified platform.
The company offers products and services including online ordering, delivery management, digital ordering and payment tools, restaurant websites, gift cards, loyalty programs, marketing, labor management, payroll, inventory management, reporting and analytics.
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