Toast, Inc. (NYSE:TOST) Director Sells $2,499,700.00 in Stock

Toast, Inc. (NYSE:TOST) Director Christopher P. Comparato sold 70,000 shares of Toast stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $35.71, for a total value of $2,499,700.00. Following the sale, the director now directly owns 164,796 shares of the company’s stock, valued at $5,884,865.16. This trade represents a 29.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Toast Stock Down 1.9 %

Shares of TOST stock traded down $0.68 during trading hours on Friday, hitting $35.20. 6,987,316 shares of the company’s stock were exchanged, compared to its average volume of 6,500,792. The firm has a market cap of $17.39 billion, a P/E ratio of -3,516.78, a P/E/G ratio of 2.16 and a beta of 1.99. The firm has a 50 day moving average of $37.82 and a two-hundred day moving average of $34.99. Toast, Inc. has a fifty-two week low of $21.32 and a fifty-two week high of $44.12.

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

Wall Street Analyst Weigh In

A number of research firms recently commented on TOST. UBS Group lifted their target price on Toast from $41.00 to $47.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. The Goldman Sachs Group set a $40.00 price target on Toast and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Robert W. Baird lifted their price target on Toast from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. Canaccord Genuity Group lifted their price target on Toast from $43.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Finally, 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 research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Toast has an average rating of “Hold” and an average target price of $40.48.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Toast by 10.8% in the 4th quarter. Vanguard Group Inc. now owns 42,474,232 shares of the company’s stock valued at $1,548,186,000 after purchasing an additional 4,147,430 shares during the last quarter. Capital International Investors raised its stake in Toast by 1.9% in the 4th quarter. Capital International Investors now owns 41,961,233 shares of the company’s stock valued at $1,529,657,000 after purchasing an additional 785,641 shares during the last quarter. FMR LLC raised its stake in Toast by 22.1% in the 4th quarter. FMR LLC now owns 29,853,639 shares of the company’s stock valued at $1,088,165,000 after purchasing an additional 5,403,896 shares during the last quarter. ValueAct Holdings L.P. purchased a new stake in Toast in the 3rd quarter valued at $438,301,000. Finally, State Street Corp grew its holdings in Toast by 2.5% in the 3rd quarter. State Street Corp now owns 8,325,292 shares of the company’s stock valued at $235,689,000 after buying an additional 206,789 shares in the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.

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.