James Michael Matlock Sells 4,151 Shares of Toast, Inc. (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) insider James Michael Matlock sold 4,151 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $23.19, for a total value of $96,261.69. Following the transaction, the insider now directly owns 46,510 shares in the company, valued at approximately $1,078,566.90. The transaction was disclosed in a filing with the SEC, which is available at this link.

James Michael Matlock also recently made the following trade(s):

• On Monday, April 15th, James Michael Matlock sold 798 shares of Toast stock. The stock was sold at an average price of $22.99, for a total transaction of $18,346.02.
• On Tuesday, April 2nd, James Michael Matlock sold 1,205 shares of Toast stock. The shares were sold at an average price of $23.40, for a total transaction of $28,197.00.
• On Friday, March 15th, James Michael Matlock sold 787 shares of Toast stock. The stock was sold at an average price of $23.59, for a total transaction of $18,565.33.

Toast Trading Up 0.7 %

TOST stock opened at $23.73 on Wednesday. The business has a 50 day simple moving average of $23.63 and a 200-day simple moving average of $19.52. The company has a market capitalization of $10.71 billion, a P/E ratio of -46.53 and a beta of 1.77. Toast, Inc. has a twelve month low of $13.77 and a twelve month high of $27.00.

Toast (NYSE:TOST) last issued its quarterly earnings data on Thursday, February 15th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.04. Toast had a negative net margin of 6.36% and a negative return on equity of 21.77%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the firm posted ($0.19) EPS. Toast’s revenue for the quarter was up 34.7% on a year-over-year basis. Research analysts predict that Toast, Inc. will post -0.22 EPS for the current fiscal year.

Hedge Funds Weigh In On Toast

Several institutional investors have recently added to or reduced their stakes in TOST. Park Avenue Securities LLC increased its holdings in shares of Toast by 1.0% in the first quarter. Park Avenue Securities LLC now owns 43,357 shares of the company’s stock valued at $1,080,000 after purchasing an additional 436 shares during the period. Wellington Shields & Co. LLC increased its stake in Toast by 3.1% in the 1st quarter. Wellington Shields & Co. LLC now owns 16,700 shares of the company’s stock valued at $416,000 after buying an additional 500 shares during the period. Brown Advisory Inc. raised its position in Toast by 2.6% during the 3rd quarter. Brown Advisory Inc. now owns 26,861 shares of the company’s stock worth $503,000 after buying an additional 675 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Toast by 5.9% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,985 shares of the company’s stock worth $255,000 after acquiring an additional 774 shares during the period. Finally, Treasurer of the State of North Carolina boosted its holdings in shares of Toast by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 155,598 shares of the company’s stock valued at $2,914,000 after acquiring an additional 790 shares in the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TOST. Robert W. Baird upped their price objective on Toast from $24.00 to $28.00 and gave the stock an “outperform” rating in a research report on Monday, April 15th. Royal Bank of Canada reissued a “sector perform” rating and set a $23.00 price objective on shares of Toast in a research report on Thursday, April 11th. Piper Sandler raised their target price on shares of Toast from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, February 16th. Wells Fargo & Company increased their price objective on shares of Toast from $15.00 to $17.00 and gave the company an “underweight” rating in a research report on Friday, April 12th. Finally, Redburn Atlantic raised shares of Toast from a “neutral” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $24.32.

Toast Company Profile

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.