Elena Gomez Sells 16,176 Shares of Toast (NYSE:TOST) Stock

Key Points

• Toast CFO Elena Gomez sold 16,176 shares at an average price of $35.29, worth approximately $570,851, reducing her position by 8.74% to 168,974 shares. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
• Toast shares were down 0.7% at $34.47, despite quarterly revenue of $1.91 billion that exceeded estimates and rose 23.1% year over year; earnings per share of $0.26 missed the $0.32 consensus.
• Analysts maintain a “Moderate Buy” consensus, with 17 Buy ratings and nine Holds and an average price target of $38.62. Institutional investors own 82.91% of Toast’s outstanding stock.

Toast, Inc. (NYSE:TOST - Get Free Report) CFO Elena Gomez sold 16,176 shares of the company's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $35.29, for a total value of $570,851.04. Following the completion of the sale, the chief financial officer owned 168,974 shares in the company, valued at $5,963,092.46. The trade was a 8.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Elena Gomez also recently made the following trade(s):

• On Thursday, August 6th, Elena Gomez sold 900 shares of Toast stock. The shares were sold at an average price of $35.02, for a total value of $31,518.00.
• On Thursday, July 2nd, Elena Gomez sold 11,605 shares of Toast stock. The shares were sold at an average price of $28.85, for a total value of $334,804.25.

Toast Trading Down 0.7%

Toast stock traded down $0.26 during mid-day trading on Friday, hitting $34.47. The company had a trading volume of 10,398,928 shares, compared to its average volume of 11,830,787. Toast, Inc. has a 12 month low of $22.26 and a 12 month high of $46.11. The company has a market capitalization of $17.78 billion, a PE ratio of 44.19 and a beta of 1.72. The stock's 50 day moving average price is $28.28 and its two-hundred day moving average price is $27.85.

Toast (NYSE:TOST - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.06). The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.87 billion. Toast had a net margin of 7.14% and a return on equity of 23.90%. Toast's revenue was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.13 earnings per share. Equities research analysts anticipate that Toast, Inc. will post 0.97 EPS for the current year.

Institutional Trading of Toast

A number of large investors have recently made changes to their positions in the stock. Bayban bought a new position in Toast during the fourth quarter valued at approximately $25,000. SHP Wealth Management purchased a new stake in Toast during the 4th quarter valued at $29,000. Strive Financial Group LLC purchased a new stake in Toast during the 4th quarter valued at $29,000. Silicon Valley Capital Partners bought a new position in shares of Toast during the 4th quarter valued at $36,000. Finally, Quadrant Capital Group LLC boosted its stake in shares of Toast by 2,083.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,048 shares of the company's stock worth $37,000 after buying an additional 1,000 shares during the last quarter. 82.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on TOST. BMO Capital Markets lifted their target price on shares of Toast from $35.00 to $40.00 and gave the stock an "outperform" rating in a report on Wednesday. Truist Financial raised their price target on shares of Toast from $30.00 to $33.00 and gave the company a "buy" rating in a research report on Friday, July 24th. Canaccord Genuity Group set a $40.00 price objective on shares of Toast in a report on Wednesday. Barclays upped their price objective on Toast from $35.00 to $39.00 and gave the company an "overweight" rating in a research report on Wednesday. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Toast in a research note on Wednesday, May 20th. Seventeen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $38.62.

Toast Company Profile

Toast, Inc NYSE: TOST is a technology company that builds a cloud-based platform for restaurants and other foodservice businesses. Headquartered in Boston, Massachusetts, Toast offers integrated point-of-sale (POS) systems and a suite of software and hardware designed to streamline front-of-house and back-of-house operations. The company went public in 2021 and has positioned itself as a vertically integrated provider for the restaurant industry.

Toast's product portfolio includes touchscreen POS terminals and handheld order-and-pay devices, kitchen display systems, and peripherals tailored for high-volume foodservice environments.

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