Toast (NYSE:TOST) Shares Acquired Rep. Thomas H. Kean, Jr.

Key Points

• Rep. Thomas H. Kean Jr. purchased between $1,001 and $15,000 of Toast shares on July 8 through the Kean Family Partnership account. He also bought shares of Amazon, EQT and ESAB while selling positions in several other companies.
• Toast reported quarterly revenue of $1.91 billion, up 23.1% year over year, exceeding estimates, but earnings per share of $0.26 fell short of the $0.32 consensus. The stock opened at $36.61 and has a market capitalization of about $18.82 billion.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $39, although company insiders have sold 530,973 shares worth approximately $17.4 million over the past 90 days.

Representative Thomas H. Kean, Jr. (Republican-New Jersey) recently bought shares of Toast, Inc. NYSE: TOST. In a filing disclosed on August 18th, the Representative disclosed that they had bought between $1,001 and $15,000 in Toast stock on July 8th. The trade occurred in the Representative's "KEAN FAMILY PARTNERSHIP" account.

Representative Thomas H. Kean, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Stryker NYSE: SYK on 7/22/2026.
• Sold $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOGL on 7/22/2026.
• Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 7/8/2026.
• Purchased $1,001 - $15,000 in shares of EQT NYSE: EQT on 7/7/2026.
• Purchased $1,001 - $15,000 in shares of ESAB NYSE: ESAB on 7/7/2026.
• Sold $1,001 - $15,000 in shares of Analog Devices NASDAQ: ADI on 6/30/2026.
• Sold $1,001 - $15,000 in shares of S&P Global NYSE: SPGI on 6/29/2026.
• Sold $1,001 - $15,000 in shares of Markel Group NYSE: MKL on 6/29/2026.
• Sold $1,001 - $15,000 in shares of Johnson & Johnson NYSE: JNJ on 6/29/2026.
• Purchased $1,001 - $15,000 in shares of ESAB NYSE: ESAB on 6/24/2026.

Toast Stock Up 3.7%

Shares of NYSE:TOST opened at $36.61 on Friday. The company's 50 day moving average price is $30.43 and its two-hundred day moving average price is $28.06. Toast, Inc. has a 12-month low of $22.26 and a 12-month high of $45.64. The firm has a market cap of $18.82 billion, a PE ratio of 46.94 and a beta of 1.72.

Toast (NYSE:TOST - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by ($0.06). Toast had a net margin of 7.14% and a return on equity of 23.90%. The business had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the firm posted $0.13 earnings per share. The firm's quarterly revenue was up 23.1% on a year-over-year basis. On average, research analysts expect that Toast, Inc. will post 1 EPS for the current year.

Institutional Investors Weigh In On Toast

Several institutional investors have recently made changes to their positions in the stock. BOKF NA lifted its holdings in Toast by 4.5% during the third quarter. BOKF NA now owns 8,023 shares of the company's stock valued at $293,000 after purchasing an additional 345 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its position in Toast by 0.5% during the first quarter. Fifth Third Wealth Advisors LLC now owns 67,909 shares of the company's stock valued at $1,800,000 after purchasing an additional 358 shares during the period. The Manufacturers Life Insurance Company raised its position in Toast by 1.7% during the second quarter. The Manufacturers Life Insurance Company now owns 22,857 shares of the company's stock valued at $1,012,000 after purchasing an additional 380 shares during the period. Seven Mile Advisory lifted its stake in shares of Toast by 3.1% in the 3rd quarter. Seven Mile Advisory now owns 12,689 shares of the company's stock valued at $463,000 after purchasing an additional 381 shares during the last quarter. Finally, HM Payson & Co. lifted its stake in shares of Toast by 6.2% in the 4th quarter. HM Payson & Co. now owns 6,742 shares of the company's stock valued at $239,000 after purchasing an additional 392 shares during the last quarter. Hedge funds and other institutional investors own 82.91% of the company's stock.

Insider Buying and Selling

In related news, CRO Jonathan Vassil sold 14,280 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $32.89, for a total transaction of $469,669.20. Following the sale, the executive owned 69,966 shares in the company, valued at approximately $2,301,181.74. This represents a 16.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Brian R. Elworthy sold 108,000 shares of the firm's stock in a transaction on Friday, May 29th. The stock was sold at an average price of $25.89, for a total value of $2,796,120.00. Following the completion of the sale, the general counsel owned 189,642 shares of the company's stock, valued at approximately $4,909,831.38. This represents a 36.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 530,973 shares of company stock worth $17,385,739 in the last 90 days. Company insiders own 10.03% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Rothschild & Co Redburn reaffirmed a "neutral" rating and set a $35.00 target price on shares of Toast in a research report on Tuesday, May 12th. Piper Sandler boosted their target price on shares of Toast from $32.00 to $39.00 and gave the company an "overweight" rating in a report on Wednesday, August 5th. Zacks Research downgraded Toast from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 7th. Morgan Stanley set a $45.00 price objective on Toast in a research note on Friday, May 8th. Finally, Robert W. Baird raised their target price on Toast from $30.00 to $33.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 8th. Seventeen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $39.00.

About Representative Kean

Thomas Kean Jr. (Republican Party) is a member of the U.S. House, representing New Jersey's 7th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027. Kean (Republican Party) is running for re-election to the U.S. House to represent New Jersey's 7th Congressional District. He declared candidacy for the 2026 election. Thomas Kean Jr. lives in Westfield, New Jersey. Kean earned a master’s degree from the Tufts University Fletcher School of Law and Diplomacy. His career experience includes working with the Environmental Protection Agency during the George H.W. Bush administration and as an advisor to former U.S. Representative Bob Franks, a firefighter, and an emergency medical technician. Kean has served as the vice president of a fire department.

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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