Toast (NYSE:TOST) CEO Sells $352,595.97 in Stock

Toast, Inc. (NYSE:TOST) CEO Aman Narang sold 13,463 shares of Toast stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $26.19, for a total transaction of $352,595.97. Following the completion of the sale, the chief executive officer directly owned 54,013 shares of the company’s stock, valued at approximately $1,414,600.47. This trade represents a 19.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Aman Narang also recently made the following trade(s):

• On Tuesday, February 3rd, Aman Narang sold 1,648 shares of Toast stock. The shares were sold at an average price of $30.34, for a total value of $50,000.32.
• On Monday, January 5th, Aman Narang sold 8,591 shares of Toast stock. The stock was sold at an average price of $34.38, for a total value of $295,358.58.

Toast Price Performance

Shares of TOST opened at $26.44 on Monday. Toast, Inc. has a one year low of $24.35 and a one year high of $49.66. The firm has a market capitalization of $13.86 billion, a P/E ratio of 48.97 and a beta of 1.90. The business has a fifty day moving average of $28.10 and a 200 day moving average of $33.22.

Toast (NYSE:TOST) last posted 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 during the quarter, compared to the consensus estimate of $1.62 billion. Toast had a net margin of 5.56% and a return on equity of 18.14%. The firm’s revenue was up 22.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.05 EPS. Analysts expect that Toast, Inc. will post 0.39 EPS for the current fiscal year.

Toast declared that its Board of Directors has authorized a stock buyback program on Thursday, February 12th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On Toast

A number of hedge funds have recently modified their holdings of TOST. Cim LLC lifted its stake in shares of Toast by 0.7% during the 2nd quarter. Cim LLC now owns 38,302 shares of the company’s stock valued at $1,696,000 after buying an additional 273 shares in the last quarter. Wynn Capital LLC increased its stake in Toast by 2.1% in the 4th quarter. Wynn Capital LLC now owns 13,755 shares of the company’s stock worth $488,000 after buying an additional 280 shares in the last quarter. Bridgewater Advisors Inc. raised its holdings in Toast by 2.3% during the third quarter. Bridgewater Advisors Inc. now owns 13,107 shares of the company’s stock valued at $472,000 after acquiring an additional 294 shares during the period. Trinity Financial Advisors LLC raised its holdings in Toast by 2.5% during the third quarter. Trinity Financial Advisors LLC now owns 12,094 shares of the company’s stock valued at $442,000 after acquiring an additional 296 shares during the period. Finally, Purus Wealth Management LLC lifted its position in shares of Toast by 5.8% in the third quarter. Purus Wealth Management LLC now owns 6,002 shares of the company’s stock valued at $219,000 after acquiring an additional 330 shares in the last quarter. 82.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on TOST. Jefferies Financial Group set a $35.00 target price on shares of Toast in a report on Friday, February 13th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Toast in a research note on Monday, December 29th. The Goldman Sachs Group cut their price objective on shares of Toast from $43.00 to $31.00 and set a “neutral” rating for the company in a research report on Tuesday, February 17th. UBS Group set a $40.00 target price on Toast in a report on Friday, February 13th. Finally, Citigroup lowered their target price on Toast from $51.00 to $42.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. Seventeen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $39.88.

Toast News Roundup

Here are the key news stories impacting Toast this week:

• Neutral Sentiment: Loop Capital initiated coverage of Toast with a “Hold” rating, which removes an immediate buy catalyst and may cap near‑term upside until clearer growth/profitability signals arrive. Loop Capital coverage
• Neutral Sentiment: Toast has been heavily searched by investors (Zacks spotlight), which can increase short‑term volume and volatility but doesn’t itself change fundamentals. Zacks: Investors Heavily Search
• Negative Sentiment: Multiple senior executives sold stock on April 2 (CEO Aman Narang, CFO Elena Gomez, President Stephen Fredette, General Counsel Brian Elworthy, and CRO Jonathan Vassil), collectively disposing of roughly $1.04M of shares at about $26.19 each. The CEO’s sale reduced his holding by ~19.95%; other insiders also trimmed positions. Clustered sales by top management can be perceived negatively by the market (signaling liquidity needs or reduced insider confidence), even if they stem from routine vesting/diversification; filings are available with the SEC. CEO SEC filing

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.