Stephen Fredette Sells 4,866 Shares of Toast (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) President Stephen Fredette sold 4,866 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $34.38, for a total transaction of $167,293.08. Following the transaction, the president owned 910,606 shares in the company, valued at $31,306,634.28. This represents a 0.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Tuesday, November 4th, Stephen Fredette sold 1,732 shares of Toast stock. The shares were sold at an average price of $35.54, for a total value of $61,555.28.

Toast Price Performance

Shares of Toast stock opened at $36.73 on Thursday. The business has a 50-day simple moving average of $35.46 and a 200 day simple moving average of $39.73. Toast, Inc. has a one year low of $28.12 and a one year high of $49.66. The firm has a market capitalization of $18.91 billion, a price-to-earnings ratio of 85.41 and a beta of 1.93.

Toast (NYSE:TOST) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). Toast had a net margin of 4.68% and a return on equity of 15.77%. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same period last year, the business posted $0.07 EPS. The company’s revenue was up 25.1% on a year-over-year basis. On average, sell-side analysts expect that Toast, Inc. will post 0.39 EPS for the current year.

Hedge Funds Weigh In On Toast

Several hedge funds have recently modified their holdings of the company. Baird Financial Group Inc. grew its holdings in shares of Toast by 8.3% in the first quarter. Baird Financial Group Inc. now owns 9,408 shares of the company’s stock valued at $312,000 after acquiring an additional 720 shares in the last quarter. Royal Bank of Canada boosted its position in Toast by 193.2% in the first quarter. Royal Bank of Canada now owns 618,456 shares of the company’s stock worth $20,515,000 after purchasing an additional 407,518 shares during the last quarter. Adage Capital Partners GP L.L.C. purchased a new position in Toast in the first quarter worth $3,317,000. Amundi grew its stake in Toast by 137.2% in the 1st quarter. Amundi now owns 1,111,179 shares of the company’s stock valued at $36,291,000 after purchasing an additional 642,792 shares during the period. Finally, Advisors Asset Management Inc. increased its position in shares of Toast by 7.3% during the 1st quarter. Advisors Asset Management Inc. now owns 4,439 shares of the company’s stock valued at $147,000 after purchasing an additional 301 shares during the last quarter. Institutional investors own 82.91% of the company’s stock.

Analyst Ratings Changes

TOST has been the topic of a number of recent research reports. Wells Fargo & Company raised shares of Toast to a “strong-buy” rating in a research note on Wednesday, October 22nd. The Goldman Sachs Group dropped their price target on shares of Toast from $51.00 to $41.00 and set a “neutral” rating on the stock in a research report on Monday, October 13th. UBS Group reiterated a “buy” rating on shares of Toast in a research note on Thursday, December 18th. JPMorgan Chase & Co. raised Toast from a “neutral” rating to an “overweight” rating and set a $43.00 price objective for the company in a research note on Thursday, December 4th. Finally, Citigroup raised Toast to a “strong-buy” rating in a research report on Thursday, October 23rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.18.

Key Toast News

Here are the key news stories impacting Toast this week:

• Positive Sentiment: Analyst initiation: A recent Seeking Alpha initiation recommends “Buy,” citing Toast’s scale in restaurant POS/SaaS, a narrow moat from customer switching costs, and stabilized results after earlier misses — a catalyst for buyers. Read More.
• Positive Sentiment: Solid revenue backdrop: Management’s latest quarter showed ~25% YoY revenue growth and revenue slightly above estimates, keeping analyst sentiment constructive (consensus “Moderate Buy” and average PT near $45). That fundamental strength supports upside expectations. Read More.
• Positive Sentiment: Market context: Coverage notes that Toast outperformed while the broader market dipped, suggesting relative demand for TOST among buyers today. Read More.
• Neutral Sentiment: Valuation and debate on pricing: Commentary (e.g., Yahoo Finance) questions whether current multiples and three‑year performance justify the stock price, leaving some investors assessing risk/reward rather than driving a clear directional move. Read More.
• Negative Sentiment: Large CRO sale: Chief Revenue Officer Jonathan Vassil sold 66,390 shares (~$2.38M) on Jan. 2, cutting his stake materially (~44% reduction). Large insider sells can spark concern about timing or personal diversification, pressuring sentiment. Read More.
• Negative Sentiment: Additional Jan. 5 insider sales: Multiple senior executives (CEO, CFO, President, General Counsel) disclosed modest sales at ~ $34.38. While sizes are smaller than the CRO transaction, clustered insider selling can add short‑term downward pressure or cause some investors to take profits. Read More.

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.