Key Points
- Toast director Susan Chapman-Hughes sold 6,885 shares for about $235,000 at an average price of $34.13, cutting her direct holdings by 47.38% to 7,645 shares.
- Toast reported quarterly revenue of $1.98 billion, up 21.3% year over year, slightly topping expectations, but earnings per share of $0.29 missed the $0.37 consensus.
- Analyst sentiment is broadly positive: the stock carries a “Moderate Buy” consensus and an average price target of $38.46, though Bernstein recently downgraded it to Hold and cut its target to $38.
Toast, Inc. (NYSE:TOST - Get Free Report) Director Susan Chapman-Hughes sold 6,885 shares of the company's stock in a transaction dated Wednesday, November 11th. The stock was sold at an average price of $34.13, for a total value of $234,985.05. Following the transaction, the director directly owned 7,645 shares of the company's stock, valued at approximately $260,923.85. This represents a 47.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Toast Stock Performance
TOST opened at $33.55 on Friday. Toast, Inc. has a one year low of $22.26 and a one year high of $37.64. The company has a market cap of $17.41 billion, a P/E ratio of 36.67 and a beta of 1.74. The business's 50-day simple moving average is $31.85 and its 200-day simple moving average is $29.42.
Toast (NYSE:TOST - Get Free Report) last posted its earnings results on Tuesday, November 3rd. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.08). The business had revenue of $1.98 billion for the quarter, compared to analysts' expectations of $1.97 billion. Toast had a return on equity of 26.39% and a net margin of 7.69%. Toast's revenue for the quarter was up 21.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.16 EPS. As a group, analysts predict that Toast, Inc. will post 1.08 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Toast
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. HB Wealth Management LLC boosted its holdings in shares of Toast by 2.5% in the second 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 during the period. Americana Partners LLC grew its position in shares of Toast by 4.0% during the third quarter. Americana Partners LLC now owns 11,086 shares of the company's stock worth $321,000 after acquiring an additional 422 shares during the last quarter. Whittier Trust Co. increased its holdings in shares of Toast by 17.6% in the 3rd quarter. Whittier Trust Co. now owns 3,156 shares of the company's stock valued at $99,000 after acquiring an additional 473 shares during the period. Hickory Point Bank & Trust increased its holdings in shares of Toast by 10.0% in the 3rd quarter. Hickory Point Bank & Trust now owns 5,500 shares of the company's stock valued at $159,000 after acquiring an additional 500 shares during the period. Finally, Toth Financial Advisory Corp increased its holdings in shares of Toast by 16.9% in the 3rd quarter. Toth Financial Advisory Corp now owns 3,561 shares of the company's stock valued at $103,000 after acquiring an additional 516 shares during the period. Hedge funds and other institutional investors own 82.91% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on TOST shares. DA Davidson raised their price objective on shares of Toast from $30.00 to $34.00 and gave the stock a "neutral" rating in a report on Monday, August 10th. Truist Financial boosted their price objective on shares of Toast from $38.00 to $40.00 and gave the stock a "buy" rating in a research report on Tuesday. Jefferies Financial Group set a $40.00 target price on shares of Toast in a report on Wednesday, August 5th. BMO Capital Markets increased their target price on shares of Toast from $35.00 to $40.00 and gave the company an "outperform" rating in a research report on Wednesday, August 5th. Finally, Bank of America started coverage on shares of Toast in a research report on Thursday, October 15th. They issued a "buy" rating and a $40.00 target price on the stock. Sixteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $38.46.
View Our Latest Report on Toast
Toast News Summary
Investors following TOST have been watching these news items:
- Positive Sentiment: Bakery chain Great Harvest partnered with Toast to support growth and streamline operations, adding a customer win for Toast’s restaurant technology platform. Great Harvest Partners with Toast
- Negative Sentiment: Sanford C. Bernstein cut its rating from Outperform to Market Perform (Hold) and lowered its price target to $38 from $45. The reduced target and more cautious stance may limit investor enthusiasm, even though it remains above the cited share price. Bernstein downgrade
- Negative Sentiment: Director Susan Chapman-Hughes sold 6,885 shares, reducing her position by 47.38%. Insider selling can be viewed as a cautionary signal, though the filing does not state the reason for the sale. SEC filing
About Toast
(
Get Free Report)
Toast, Inc. provides a cloud-based technology platform designed for restaurants. Its products combine point-of-sale software and hardware with payment processing, helping restaurants manage in-person transactions and day-to-day operations. The platform includes tools for online ordering, delivery, marketing, customer loyalty, payroll, and team management, alongside features for managing menus and restaurant operations. Restaurants can use Toast's products together or select services to fit their needs.
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