Toast (NYSE:TOST) CRO Sells $168,611.22 in Stock

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 6,438 shares of the business’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $26.19, for a total transaction of $168,611.22. Following the sale, the executive owned 146,618 shares in the company, valued at $3,839,925.42. This trade represents a 4.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Jonathan Vassil also recently made the following trade(s):

• On Tuesday, February 3rd, Jonathan Vassil sold 1,454 shares of Toast stock. The shares were sold at an average price of $30.34, for a total transaction of $44,114.36.
• On Monday, January 5th, Jonathan Vassil sold 4,787 shares of Toast stock. The shares were sold at an average price of $34.38, for a total transaction of $164,577.06.

Toast Price Performance

Shares of NYSE:TOST opened at $26.44 on Monday. The stock has a market cap of $13.86 billion, a price-to-earnings ratio of 48.97 and a beta of 1.90. Toast, Inc. has a 12 month low of $24.35 and a 12 month high of $49.66. The stock’s 50 day moving average price is $28.10 and its 200 day moving average price is $33.22.

Toast (NYSE:TOST) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). Toast had a net margin of 5.56% and a return on equity of 18.14%. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same period in the previous year, the business posted $0.05 earnings per share. The business’s revenue for the quarter was up 22.0% compared to the same quarter last year. On average, sell-side analysts expect that Toast, Inc. will post 0.39 EPS for the current year.

Toast declared that its Board of Directors has authorized a stock buyback plan on Thursday, February 12th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

More Toast News

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

Wall Street Analyst Weigh In

TOST has been the topic of several research reports. Morgan Stanley set a $51.00 price target on shares of Toast in a research report on Friday, February 13th. Stephens set a $42.00 price objective on shares of Toast in a research note on Friday, January 16th. Wells Fargo & Company dropped their target price on shares of Toast from $47.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, February 13th. Wolfe Research lowered shares of Toast from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 8th. Finally, Citigroup reduced their target price on shares of Toast from $51.00 to $42.00 and set a “buy” rating for the company in a report on Friday, February 13th. Seventeen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $39.88.

Hedge Funds Weigh In On Toast

A number of institutional investors have recently bought and sold shares of TOST. Bayban acquired a new stake in Toast during the 4th quarter worth about $25,000. Quent Capital LLC acquired a new position in shares of Toast in the third quarter worth about $27,000. SHP Wealth Management purchased a new position in shares of Toast in the fourth quarter worth approximately $29,000. Strive Financial Group LLC purchased a new position in shares of Toast in the fourth quarter worth approximately $29,000. Finally, Alpine Bank Wealth Management acquired a new stake in shares of Toast during the third quarter valued at approximately $30,000. Hedge funds and other institutional investors own 82.91% of the company’s stock.

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.