Toast (NYSE:TOST) President Sells $190,898.91 in Stock

Toast, Inc. (NYSE:TOST) President Stephen Fredette sold 7,289 shares of the stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $26.19, for a total value of $190,898.91. Following the transaction, the president directly owned 920,985 shares in the company, valued at $24,120,597.15. The trade was a 0.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, February 3rd, Stephen Fredette sold 1,060 shares of Toast stock. The stock was sold at an average price of $30.34, for a total value of $32,160.40.
• On Monday, January 5th, Stephen Fredette sold 4,866 shares of Toast stock. The shares were sold at an average price of $34.38, for a total value of $167,293.08.

Toast Stock Performance

TOST stock opened at $26.44 on Monday. The company has a market cap of $13.86 billion, a price-to-earnings ratio of 48.97 and a beta of 1.90. The business’s 50-day moving average is $28.10 and its two-hundred day moving average is $33.22. Toast, Inc. has a fifty-two week low of $24.35 and a fifty-two week high of $49.66.

Toast (NYSE:TOST) last released 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 quarter in the prior year, the firm earned $0.05 earnings per share. The company’s revenue for the quarter was up 22.0% compared to the same quarter last year. Equities analysts predict that Toast, Inc. will post 0.39 earnings per share for the current year.

Toast announced that its Board of Directors has initiated a stock repurchase plan on Thursday, February 12th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Institutional Trading of Toast

Several institutional investors and hedge funds have recently modified their holdings of the company. Bayban purchased a new position in shares of Toast during the 4th quarter valued at $25,000. Quent Capital LLC purchased a new stake in Toast in the 3rd quarter worth $27,000. SHP Wealth Management bought a new stake in Toast during the fourth quarter valued at about $29,000. Strive Financial Group LLC bought a new stake in Toast during the fourth quarter valued at about $29,000. Finally, Alpine Bank Wealth Management purchased a new position in shares of Toast in the third quarter valued at about $30,000. 82.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TOST has been the topic of several analyst reports. Citigroup dropped their price target on shares of Toast from $51.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. Evercore upgraded Toast from an “in-line” rating to an “outperform” rating and set a $40.00 price objective for the company in a research note on Tuesday, January 20th. Jefferies Financial Group set a $35.00 target price on Toast in a research report on Friday, February 13th. Wells Fargo & Company cut their price target on Toast from $47.00 to $36.00 and set an “overweight” rating for the company in a report on Friday, February 13th. Finally, Wolfe Research cut Toast from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 8th. Seventeen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $39.88.

Key Stories Impacting Toast

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

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.