Toast, Inc. (NYSE:TOST) President Sells $2,382,415.80 in Stock

Toast, Inc. (NYSE:TOST - Get Free Report) President Stephen Fredette sold 70,340 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $33.87, for a total value of $2,382,415.80. Following the completion of the transaction, the president now owns 1,574,316 shares in the company, valued at approximately $53,322,082.92. The trade was a 4.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

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

• On Wednesday, March 12th, Stephen Fredette sold 300 shares of Toast stock. The stock was sold at an average price of $35.00, for a total value of $10,500.00.
• On Tuesday, February 4th, Stephen Fredette sold 1,068 shares of Toast stock. The shares were sold at an average price of $39.63, for a total value of $42,324.84.

Toast Stock Up 5.5 %

Shares of TOST traded up $1.80 during trading hours on Friday, reaching $34.41. 7,424,289 shares of the company traded hands, compared to its average volume of 6,523,102. The stock has a market capitalization 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 has a fifty day moving average price of $38.12 and a 200-day moving average price of $34.56.

Toast (NYSE:TOST - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). The company had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.32 billion. Toast had a net margin of 0.40% and a return on equity of 1.54%. As a group, research analysts predict that Toast, Inc. will post 0.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on TOST shares. JPMorgan Chase & Co. increased their price target on Toast from $36.00 to $42.00 and gave the company a "neutral" rating in a research report on Thursday, February 20th. Royal Bank of Canada increased their price objective on Toast from $40.00 to $45.00 and gave the company a "sector perform" rating in a report on Thursday, February 20th. Oppenheimer initiated coverage on Toast in a report on Friday, January 24th. They issued an "outperform" rating and a $46.00 price target for the company. Morgan Stanley raised their price target on Toast from $46.00 to $50.00 and gave the stock an "overweight" rating in a report on Thursday, February 20th. Finally, UBS Group lifted their price objective on Toast from $41.00 to $47.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $40.48.

Institutional Investors Weigh In On Toast

A number of large investors have recently made changes to their positions in the stock. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Toast during the fourth quarter valued at $2,296,000. Pinnacle Wealth Planning Services Inc. acquired a new position in Toast during the fourth quarter valued at $280,000. Garde Capital Inc. acquired a new position in Toast during the fourth quarter valued at $123,000. Ascent Group LLC lifted its position in Toast by 10.4% during the fourth quarter. Ascent Group LLC now owns 19,380 shares of the company's stock valued at $706,000 after purchasing an additional 1,830 shares during the period. Finally, Mackenzie Financial Corp lifted its position in Toast by 0.6% during the fourth quarter. Mackenzie Financial Corp now owns 147,553 shares of the company's stock valued at $5,378,000 after purchasing an additional 825 shares during the period. 82.91% of the stock is owned by hedge funds and other institutional investors.

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.