Toast (NYSE:TOST) Stock: Insider Jonathan Vassil Sells 4,600 Shares

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 4,600 shares of the business’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $36.00, for a total value of $165,600.00. Following the sale, the executive owned 77,424 shares of the company’s stock, valued at approximately $2,787,264. This represents a 5.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, November 2nd, Jonathan Vassil sold 14,280 shares of Toast stock. The stock was sold at an average price of $33.70, for a total value of $481,236.00.
• On Monday, October 5th, Jonathan Vassil sold 7,623 shares of Toast stock. The stock was sold at an average price of $30.19, for a total value of $230,138.37.
• On Friday, October 2nd, Jonathan Vassil sold 13,465 shares of Toast stock. The stock was sold at an average price of $29.69, for a total value of $399,775.85.
• On Wednesday, September 2nd, Jonathan Vassil sold 14,280 shares of Toast stock. The shares were sold at an average price of $33.90, for a total transaction of $484,092.00.
• On Friday, August 21st, Jonathan Vassil sold 85,280 shares of Toast stock. The shares were sold at an average price of $36.34, for a total transaction of $3,099,075.20.
• On Wednesday, August 19th, Jonathan Vassil sold 13,931 shares of Toast stock. The stock was sold at an average price of $36.01, for a total transaction of $501,655.31.
• On Tuesday, August 11th, Jonathan Vassil sold 13,797 shares of Toast stock. The stock was sold at an average price of $36.01, for a total transaction of $496,829.97.

Toast Trading Down 1.5%

Toast stock opened at $34.64 on Friday. Toast, Inc. has a 1-year low of $22.26 and a 1-year high of $38.64. The firm has a market capitalization of $17.98 billion, a price-to-earnings ratio of 38.06 and a beta of 1.74. The firm’s fifty day moving average price is $31.86 and its two-hundred day moving average price is $29.41.

Toast (NYSE:TOST) last issued its quarterly earnings data on Tuesday, November 3rd. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.08). The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.97 billion. Toast had a net margin of 7.69% and a return on equity of 26.39%. The firm’s quarterly revenue was up 21.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.16 earnings per share. On average, research analysts forecast that Toast, Inc. will post 1.00 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TOST. Citigroup lifted their price target on Toast from $36.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Wall Street Zen downgraded Toast from a “buy” rating to a “hold” rating in a research note on Sunday, October 4th. BNP Paribas Exane lowered Toast from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $38.00 to $35.00 in a report on Wednesday, September 2nd. UBS Group raised their target price on Toast from $34.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Finally, Barclays lifted their target price on Toast from $35.00 to $39.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. Seventeen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $38.65.

Institutional Trading of Toast

Several institutional investors and hedge funds have recently made changes to their positions in TOST. Armstrong Advisory Group Inc. purchased a new position in Toast during the third quarter worth about $26,000. Ancora Advisors LLC bought a new stake in Toast in the 2nd quarter worth about $31,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Toast in the 3rd quarter worth about $32,000. Montag A & Associates Inc. increased its stake in Toast by 172.0% in the 1st quarter. Montag A & Associates Inc. now owns 1,455 shares of the company’s stock valued at $39,000 after buying an additional 920 shares during the last quarter. Finally, Harbor Investment Advisory LLC increased its stake in Toast by 213.6% in the 2nd quarter. Harbor Investment Advisory LLC now owns 1,568 shares of the company’s stock valued at $44,000 after buying an additional 1,068 shares during the last quarter. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Toast Company Profile

Toast, Inc provides a cloud-based technology platform designed for restaurants. Its products combine point-of-sale software and hardware with payment processing, helping restaurants manage in-person transactions and day-to-day operations.

The platform includes tools for online ordering, delivery, marketing, customer loyalty, payroll, and team management, alongside features for managing menus and restaurant operations. Restaurants can use Toast’s products together or select services to fit their needs.

Founded in 2011 and headquartered in Boston, Toast serves restaurants in the United States and selected international markets.