Toast (NYSE:TOST) Director Sells $61,595.65 in Stock

Key Points

• Director Deval Patrick sold 1,667 shares on Jan 9 at $36.95 each for $61,595.65, trimming his stake by 3.51% to 45,815 shares (worth about $1.69M).
• Toast missed EPS expectations in its Feb 12 quarter ($0.16 vs. $0.24) while revenue grew 22% year‑over‑year to $1.63 billion, with a 5.56% net margin and 18.14% ROE.
• The stock was trading near $27.92 with a $14.6B market cap, carries a consensus rating of Moderate Buy and a $39.48 price target, and has an upcoming Q1 2026 earnings release on May 7.

Toast, Inc. (NYSE:TOST - Get Free Report) Director Deval Patrick sold 1,667 shares of the company's stock in a transaction on Thursday, January 9th. The stock was sold at an average price of $36.95, for a total transaction of $61,595.65. Following the completion of the sale, the director owned 45,815 shares of the company's stock, valued at $1,692,864.25. This represents a 3.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Toast Price Performance

NYSE:TOST traded down $1.54 during trading hours on Thursday, reaching $27.92. The company's stock had a trading volume of 8,965,639 shares, compared to its average volume of 11,215,932. The company has a market cap of $14.63 billion, a price-to-earnings ratio of 51.71 and a beta of 1.90. Toast, Inc. has a one year low of $24.35 and a one year high of $49.66. The business's 50-day moving average is $27.48 and its 200-day moving average is $32.32.

Toast (NYSE:TOST - Get Free Report) last released its earnings results on Thursday, February 12th. The company reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.08). The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.62 billion. Toast had a return on equity of 18.14% and a net margin of 5.56%.The firm's revenue was up 22.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.05 EPS. On average, sell-side analysts predict that Toast, Inc. will post 0.81 EPS for the current fiscal year.

Toast declared that its board has authorized a share buyback program on Thursday, February 12th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

TOST has been the subject of a number of research analyst reports. Oppenheimer cut their target price on shares of Toast from $48.00 to $39.00 and set an "outperform" rating for the company in a research report on Friday, February 13th. UBS Group set a $40.00 target price on shares of Toast in a research report on Friday, February 13th. DA Davidson lowered their price objective on shares of Toast from $36.00 to $33.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 17th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Toast in a research note on Monday, December 29th. Finally, Mizuho decreased their price target on shares of Toast from $57.00 to $45.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Toast presently has a consensus rating of "Moderate Buy" and a consensus price target of $39.48.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Capital International Investors raised its position in shares of Toast by 7.4% during the third quarter. Capital International Investors now owns 48,428,060 shares of the company's stock valued at $1,768,256,000 after buying an additional 3,351,545 shares during the last quarter. Vanguard Group Inc. increased its stake in Toast by 0.8% in the third quarter. Vanguard Group Inc. now owns 44,764,157 shares of the company's stock valued at $1,634,339,000 after acquiring an additional 352,435 shares during the period. Jennison Associates LLC increased its stake in Toast by 1.0% in the fourth quarter. Jennison Associates LLC now owns 15,157,955 shares of the company's stock valued at $538,259,000 after acquiring an additional 157,394 shares during the period. Morgan Stanley increased its stake in Toast by 6.7% in the fourth quarter. Morgan Stanley now owns 10,372,626 shares of the company's stock valued at $368,332,000 after acquiring an additional 653,487 shares during the period. Finally, State Street Corp increased its stake in Toast by 3.0% in the fourth quarter. State Street Corp now owns 9,820,594 shares of the company's stock valued at $348,729,000 after acquiring an additional 282,282 shares during the period. Institutional investors and hedge funds own 82.91% of the company's stock.

Key Stories Impacting Toast

Here are the key news stories impacting Toast this week:

• Positive Sentiment: BMO Capital/analyst coverage and upgrades — BMO initiated coverage with an outperform/strong‑buy view, a formal analyst initiation that typically supports demand for shares. BMO Capital initiates coverage of Toast (TOST) with outperform recommendation
• Positive Sentiment: Zacks / other upgrades — recent coverage/notes (reported via Zacks) upgraded Toast to a strong‑buy, adding further broker support. Zacks.com
• Positive Sentiment: Longer‑term growth thesis highlighted — a Seeking Alpha piece argues Toast is a high‑growth compounder with AI tailwinds, accelerating location, revenue and ARR growth and a move into higher‑margin software/fintech that could expand margins and valuation over time. Toast: A High-Growth Specialist With AI Tailwinds
• Neutral Sentiment: Upcoming earnings event — Toast will report Q1 2026 results after the close on May 7 and hold a conference call the same day; this is a near-term catalyst that could move the stock depending on revenue, margin and guidance. Toast Announces Release Date Of First Quarter 2026 Financial Results
• Neutral Sentiment: Partnerships & customer wins — press pieces (e.g., Alicart Group coverage) emphasize commercial traction in large U.S. dining rooms, supporting recurring revenue growth but not an immediate re‑rating on its own. Alicart Group and Toast Power America’s Busiest Dining Rooms
• Negative Sentiment: Profitability vs. cyclicality risk — coverage notes that Toast has “cracked profit,” which is positive, but several articles warn its fortunes remain tied to restaurant spend and a competitive payments/POS market — a downside risk if dining demand softens. Toast Finally Cracks Profit—But a Bigger Risk Looms

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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