Toast, Inc. (NYSE:TOST – Get Free Report) General Counsel Brian R. Elworthy sold 1,486 shares of Toast stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $17.51, for a total value of $26,019.86. Following the completion of the sale, the general counsel now owns 378,617 shares in the company, valued at $6,629,583.67. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Toast Trading Down 0.5 %
Shares of NYSE TOST traded down $0.08 during trading on Thursday, reaching $17.33. The stock had a trading volume of 9,067,142 shares, compared to its average volume of 6,832,480. The business’s 50-day moving average price is $20.87 and its 200-day moving average price is $20.48. Toast, Inc. has a fifty-two week low of $15.77 and a fifty-two week high of $27.00.
Toast (NYSE:TOST – Get Free Report) last posted its quarterly earnings data on Tuesday, August 8th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.05). The company had revenue of $978.00 million for the quarter, compared to analysts’ expectations of $943.06 million. Toast had a negative return on equity of 34.23% and a negative net margin of 11.33%. The firm’s revenue was up 44.9% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.11) EPS. On average, equities analysts forecast that Toast, Inc. will post -0.57 earnings per share for the current year.
Analyst Ratings Changes
A number of brokerages have weighed in on TOST. BTIG Research assumed coverage on Toast in a report on Thursday, June 15th. They issued a “neutral” rating on the stock. Mizuho lowered shares of Toast from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $30.00 to $16.00 in a research report on Monday. Needham & Company LLC increased their price objective on shares of Toast from $30.00 to $31.00 and gave the company a “buy” rating in a report on Wednesday, August 9th. UBS Group upgraded Toast from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $25.00 to $30.00 in a report on Wednesday, September 6th. Finally, DA Davidson increased their price target on Toast from $25.00 to $27.00 in a report on Friday, August 11th. Eleven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Toast has an average rating of “Hold” and a consensus price target of $24.44.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in TOST. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Toast during the second quarter worth approximately $29,000. Whittier Trust Co. boosted its stake in shares of Toast by 365.0% in the first quarter. Whittier Trust Co. now owns 1,660 shares of the company’s stock valued at $29,000 after buying an additional 1,303 shares in the last quarter. UniSuper Management Pty Ltd acquired a new stake in shares of Toast in the second quarter valued at about $38,000. PNC Financial Services Group Inc. boosted its stake in shares of Toast by 277.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,710 shares of the company’s stock worth $31,000 after acquiring an additional 1,257 shares in the last quarter. Finally, Spire Wealth Management grew its holdings in Toast by 2,196.0% in the first quarter. Spire Wealth Management now owns 2,296 shares of the company’s stock valued at $41,000 after purchasing an additional 2,196 shares during the last quarter. Institutional investors and hedge funds own 60.29% of the company’s stock.
Toast Company Profile
Toast, Inc operates a cloud-based digital technology platform for the restaurant industry in the United States and Ireland. The company offers Toast POS, a software module that integrates payment processing with point of sale functionality; Toast Invoicing that allows restaurants to send invoices and collect payment; Toast Mobile Order & Pay, which allows guests to scan a QR code to browse the menu, order, and pay from mobile; Kitchen Display System software that connects the house with the kitchen staff; and Multi-Location Management, a tool to manage operations and configure menus across multiple locations and channels.