Toast, Inc. (NYSE:TOST) President Stephen Fredette Sells 1,068 Shares of Stock

Toast, Inc. (NYSE:TOST) President Stephen Fredette sold 1,068 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total transaction of $42,324.84. Following the sale, the president now owns 1,644,656 shares in the company, valued at $65,177,717.28. The trade was a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Toast Trading Up 5.3 %

Shares of NYSE TOST opened at $41.31 on Thursday. Toast, Inc. has a one year low of $18.14 and a one year high of $44.12. The firm’s 50 day simple moving average is $38.46 and its two-hundred day simple moving average is $32.25.

Toast (NYSE:TOST) last released its earnings results on Thursday, November 7th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.01 by $0.06. Toast had a negative net margin of 1.05% and a negative return on equity of 3.84%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the firm earned ($0.09) EPS. On average, equities analysts anticipate that Toast, Inc. will post 0.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TOST has been the topic of a number of analyst reports. Compass Point initiated coverage on shares of Toast in a report on Wednesday, November 20th. They set a “buy” rating and a $49.00 target price on the stock. Deutsche Bank Aktiengesellschaft raised their target price on Toast from $24.00 to $30.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Oppenheimer started coverage on Toast in a research report on Friday, January 24th. They set an “outperform” rating and a $46.00 price target on the stock. The Goldman Sachs Group reduced their price objective on shares of Toast from $45.00 to $40.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Toast from $29.00 to $40.00 and gave the stock a “market perform” rating in a research note on Monday, December 9th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $35.74.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. FMR LLC boosted its holdings in shares of Toast by 50.5% during the third quarter. FMR LLC now owns 24,449,743 shares of the company’s stock worth $692,172,000 after purchasing an additional 8,205,053 shares during the period. ValueAct Holdings L.P. purchased a new stake in Toast in the 3rd quarter worth approximately $438,301,000. State Street Corp grew its position in shares of Toast by 2.5% in the 3rd quarter. State Street Corp now owns 8,325,292 shares of the company’s stock worth $235,689,000 after buying an additional 206,789 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Toast by 2.3% during the third quarter. Geode Capital Management LLC now owns 6,865,934 shares of the company’s stock valued at $193,992,000 after buying an additional 155,212 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Toast by 2,889.8% during the third quarter. Assenagon Asset Management S.A. now owns 3,829,995 shares of the company’s stock valued at $108,427,000 after acquiring an additional 3,701,893 shares in the last quarter. Hedge funds and other institutional investors own 82.91% of the company’s stock.

About Toast

Toast, Inc operates a cloud-based digital technology platform for the restaurant industry in the United States, Ireland, and India. The company offers software products for restaurant operations and point of sale, such as Toast POS, Toast now, multi-location management, kitchen display system, Toast mobile order and pay, Toast catering and events, Toast invoicing, Toast tables, and restaurant retail; and hardware products, including Toast flex, Toast flex for guest, Toast go 2, Toast tap, kiosks, and Delphi by Toast.