Toast (NYSE:TOST) CFO Elena Gomez Sells 900 Shares

Key Points

• Toast CFO Elena Gomez sold 900 shares at an average price of $35.02, generating $31,518 under a pre-arranged Rule 10b5-1 plan. She retains 168,074 shares, while recent sales included an additional 16,176 shares.
• Toast reported 23.1% year-over-year revenue growth to $1.91 billion, exceeding estimates, but quarterly EPS of $0.26 missed the $0.32 consensus forecast.
• Analysts maintain a generally positive view, with a “Moderate Buy” consensus and average price target of $38.62, although valuation concerns and ongoing insider selling remain potential risks.

Toast, Inc. (NYSE:TOST - Get Free Report) CFO Elena Gomez sold 900 shares of the stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $35.02, for a total value of $31,518.00. Following the sale, the chief financial officer directly owned 168,074 shares of the company's stock, valued at $5,885,951.48. The trade was a 0.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, August 5th, Elena Gomez sold 16,176 shares of Toast stock. The shares were sold at an average price of $35.29, for a total transaction of $570,851.04.
• On Thursday, July 2nd, Elena Gomez sold 11,605 shares of Toast stock. The stock was sold at an average price of $28.85, for a total transaction of $334,804.25.

Toast Stock Performance

NYSE:TOST traded down $0.26 during mid-day trading on Friday, reaching $34.47. The stock had a trading volume of 10,399,114 shares, compared to its average volume of 11,830,787. The firm has a market capitalization of $17.78 billion, a price-to-earnings ratio of 44.19 and a beta of 1.72. Toast, Inc. has a twelve month low of $22.26 and a twelve month high of $46.11. The business has a 50 day simple moving average of $28.28 and a 200 day simple moving average of $27.85.

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

Analyst Ratings Changes

A number of analysts recently commented on TOST shares. Robert W. Baird boosted their price objective on shares of Toast from $30.00 to $33.00 and gave the stock a "neutral" rating in a report on Wednesday, July 8th. Mizuho decreased their price target on Toast from $45.00 to $38.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 12th. Jefferies Financial Group set a $40.00 price target on Toast in a report on Wednesday. Citigroup raised their price objective on Toast from $36.00 to $39.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, BMO Capital Markets lifted their price objective on Toast from $35.00 to $40.00 and gave the stock an "outperform" rating in a report on Wednesday. Seventeen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, Toast has a consensus rating of "Moderate Buy" and an average price target of $38.62.

Institutional Trading of Toast

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ballast Inc. purchased a new position in Toast during the second quarter worth about $214,000. Canvas Wealth Advisors LLC purchased a new stake in Toast in the 2nd quarter valued at about $345,000. Arkfeld Wealth Strategies L.L.C. increased its stake in shares of Toast by 138.8% during the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 264,821 shares of the company's stock valued at $7,807,000 after acquiring an additional 153,928 shares during the last quarter. Stonekeep Investments LLC acquired a new position in shares of Toast during the 2nd quarter valued at about $208,000. Finally, Handelsbanken Fonder AB lifted its holdings in shares of Toast by 12.0% during the 2nd quarter. Handelsbanken Fonder AB now owns 151,500 shares of the company's stock worth $4,215,000 after acquiring an additional 16,200 shares during the period. 82.91% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Toast

Here are the key news stories impacting Toast this week:

• Positive Sentiment: Analysts raise price targets: BMO Capital Markets lifted its Toast price target to $40, while Needham and Keefe, Bruyette & Woods also expressed expectations for meaningful appreciation. These calls reinforce the bullish case following Toast’s growth and improving profitability. BMO Capital Markets Raises Toast Price Target Needham Forecasts Toast Price Appreciation Keefe Bruyette Woods Toast Outlook
• Positive Sentiment: AI and partnership momentum: A report highlights Toast’s AI initiatives and relationships with Google and hotel operators as potential catalysts for expanding its addressable market and strengthening the long-term growth story. Toast AI, Google, and Hotel Partnership Report
• Positive Sentiment: Options activity signals bullish positioning: High trading volume in Toast call options suggests some traders are positioning for additional upside, although options activity is a market signal rather than a change in fundamentals. Toast High Call Option Volume
• Neutral Sentiment: Mixed quarterly results: Toast exceeded revenue expectations, reporting $1.91 billion, up 23.1% year over year, but adjusted earnings per share fell short of consensus estimates. The revenue growth supports the bull case, while the earnings miss raises questions about execution and near-term margins. Toast Second Quarter Sales Report
• Negative Sentiment: Valuation concerns: A Seeking Alpha analysis recommended trimming the position, arguing that Toast’s valuation could become difficult to justify if growth or profitability slows. This is a risk after the stock’s recent rally. Toast Valuation Downgrade
• Negative Sentiment: Executives sell shares: CEO Aman Narang sold approximately $4.9 million of Toast stock, while the CFO and CRO also sold shares. Because the transactions were made under pre-arranged Rule 10b5-1 plans, they may reflect scheduled diversification rather than diminished confidence, but the volume can still weigh on sentiment.

About Toast

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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