Toast, Inc. (NYSE:TOST) President Sells $1,648,967.19 in Stock

Toast, Inc. (NYSE:TOST) President Stephen Fredette sold 47,073 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $35.03, for a total value of $1,648,967.19. Following the transaction, the president now owns 1,491,773 shares of the company’s stock, valued at $52,256,808.19. The trade was a 3.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Wednesday, March 19th, Stephen Fredette sold 44,056 shares of Toast stock. The shares were sold at an average price of $35.15, for a total transaction of $1,548,568.40.
• On Wednesday, March 12th, Stephen Fredette sold 300 shares of Toast stock. The stock was sold at an average price of $35.00, for a total transaction of $10,500.00.
• On Friday, March 7th, Stephen Fredette sold 70,340 shares of Toast stock. The shares were sold at an average price of $33.87, for a total transaction of $2,382,415.80.
• On Tuesday, February 4th, Stephen Fredette sold 1,068 shares of Toast stock. The shares were sold at an average price of $39.63, for a total transaction of $42,324.84.

Toast Price Performance

Shares of TOST opened at $35.20 on Friday. The firm has a market cap of $17.39 billion, a P/E ratio of -3,516.78, a P/E/G ratio of 2.16 and a beta of 1.99. Toast, Inc. has a 1 year low of $21.32 and a 1 year high of $44.12. The stock has a 50 day simple moving average of $37.82 and a two-hundred day simple moving average of $34.99.

Toast (NYSE:TOST) last released its earnings results on Wednesday, February 19th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. Toast had a net margin of 0.40% and a return on equity of 1.54%. On average, equities analysts anticipate that Toast, Inc. will post 0.39 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TOST. Oppenheimer started coverage on Toast in a report on Friday, January 24th. They issued an “outperform” rating and a $46.00 price target for the company. JPMorgan Chase & Co. upped their price target on Toast from $36.00 to $42.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. BMO Capital Markets increased their price target on shares of Toast from $46.00 to $48.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. BNP Paribas set a $37.00 price objective on shares of Toast and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Toast from $40.00 to $42.00 and gave the stock a “market perform” rating in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $40.48.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TOST. ValueAct Holdings L.P. bought a new position in Toast during the 3rd quarter worth approximately $438,301,000. FMR LLC grew its holdings in shares of Toast by 50.5% in the third quarter. FMR LLC now owns 24,449,743 shares of the company’s stock worth $692,172,000 after purchasing an additional 8,205,053 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Toast in the fourth quarter worth $282,010,000. Norges Bank bought a new stake in Toast during the 4th quarter valued at $205,888,000. Finally, Vanguard Group Inc. boosted its position in Toast by 10.8% during the 4th quarter. Vanguard Group Inc. now owns 42,474,232 shares of the company’s stock valued at $1,548,186,000 after buying an additional 4,147,430 shares during the period. Hedge funds and other institutional investors own 82.91% of the company’s stock.

About Toast

Toast, Inc operates a cloud-based digital technology platform for the restaurant industry in the United States, Ireland, and India. The company offers software products for restaurant operations and point of sale, such as Toast POS, Toast now, multi-location management, kitchen display system, Toast mobile order and pay, Toast catering and events, Toast invoicing, Toast tables, and restaurant retail; and hardware products, including Toast flex, Toast flex for guest, Toast go 2, Toast tap, kiosks, and Delphi by Toast.