Toast, Inc. (NYSE:TOST) President Stephen Fredette Sells 300 Shares

Toast, Inc. (NYSE:TOST) President Stephen Fredette sold 300 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $35.00, for a total value of $10,500.00. Following the sale, the president now owns 1,538,846 shares of the company’s stock, valued at $53,859,610. The trade was a 0.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Stephen Fredette also recently made the following trade(s):

• On Friday, March 7th, Stephen Fredette sold 70,340 shares of Toast stock. The stock was sold at an average price of $33.87, for a total value of $2,382,415.80.
• On Tuesday, February 4th, Stephen Fredette sold 1,068 shares of Toast stock. The stock was sold at an average price of $39.63, for a total value of $42,324.84.

Toast Stock Up 5.5 %

Shares of NYSE TOST opened at $34.41 on Monday. The company has a market cap of $17.00 billion, a P/E ratio of -3,437.06, a P/E/G ratio of 2.16 and a beta of 1.99. Toast, Inc. has a 12 month low of $21.32 and a 12 month high of $44.12. The business’s 50 day moving average is $38.05 and its two-hundred day moving average is $34.78.

Toast (NYSE:TOST) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. Toast had a net margin of 0.40% and a return on equity of 1.54%. Sell-side analysts expect that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Institutional Trading of Toast

Large investors have recently bought and sold shares of the stock. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Toast in the fourth quarter worth $2,296,000. Pinnacle Wealth Planning Services Inc. acquired a new position in Toast in the fourth quarter worth $280,000. Garde Capital Inc. acquired a new position in Toast in the fourth quarter worth $123,000. Ascent Group LLC boosted its stake in Toast by 10.4% in the fourth quarter. Ascent Group LLC now owns 19,380 shares of the company’s stock worth $706,000 after purchasing an additional 1,830 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its stake in Toast by 0.6% in the fourth quarter. Mackenzie Financial Corp now owns 147,553 shares of the company’s stock worth $5,378,000 after purchasing an additional 825 shares in the last quarter. 82.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. raised their price objective on Toast from $36.00 to $42.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. Morgan Stanley lifted their price target on Toast from $46.00 to $50.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. BNP Paribas set a $37.00 price target on Toast and gave the company a “neutral” rating in a report on Wednesday, February 19th. Royal Bank of Canada lifted their price target on Toast from $40.00 to $45.00 and gave the company a “sector perform” rating in a report on Thursday, February 20th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $50.00 price target on shares of Toast in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Toast has an average rating of “Hold” and a consensus target price of $40.48.

Toast Company Profile

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.