Jonathan Vassil Sells 13,797 Shares of Toast (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 13,797 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $36.01, for a total value of $496,829.97. Following the completion of the transaction, the executive directly owned 69,966 shares in the company, valued at $2,519,475.66. The trade was a 16.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, August 5th, Jonathan Vassil sold 4,700 shares of Toast stock. The stock was sold at an average price of $36.02, for a total value of $169,294.00.
• On Monday, August 3rd, Jonathan Vassil sold 14,280 shares of Toast stock. The stock was sold at an average price of $32.89, for a total value of $469,669.20.
• On Tuesday, July 7th, Jonathan Vassil sold 3,150 shares of Toast stock. The stock was sold at an average price of $30.03, for a total value of $94,594.50.
• On Thursday, July 2nd, Jonathan Vassil sold 6,647 shares of Toast stock. The stock was sold at an average price of $28.85, for a total value of $191,765.95.

Toast Stock Performance

Shares of NYSE:TOST opened at $34.76 on Friday. The business has a fifty day moving average of $29.36 and a 200-day moving average of $27.94. Toast, Inc. has a twelve month low of $22.26 and a twelve month high of $45.64. The firm has a market cap of $17.87 billion, a PE ratio of 44.57 and a beta of 1.72.

Toast (NYSE:TOST) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.06). Toast had a return on equity of 23.90% and a net margin of 7.14%.The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the company earned $0.13 EPS. The firm’s quarterly revenue was up 23.1% on a year-over-year basis. On average, analysts anticipate that Toast, Inc. will post 1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. BOKF NA raised its stake in shares of Toast by 4.5% during the third quarter. BOKF NA now owns 8,023 shares of the company’s stock worth $293,000 after buying an additional 345 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in Toast by 0.5% in the first quarter. Fifth Third Wealth Advisors LLC now owns 67,909 shares of the company’s stock valued at $1,800,000 after buying an additional 358 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Toast by 1.7% in the second quarter. The Manufacturers Life Insurance Company now owns 22,857 shares of the company’s stock valued at $1,012,000 after acquiring an additional 380 shares during the last quarter. Seven Mile Advisory boosted its stake in Toast by 3.1% in the third quarter. Seven Mile Advisory now owns 12,689 shares of the company’s stock valued at $463,000 after acquiring an additional 381 shares during the last quarter. Finally, HM Payson & Co. grew its holdings in Toast by 6.2% during the 4th quarter. HM Payson & Co. now owns 6,742 shares of the company’s stock worth $239,000 after acquiring an additional 392 shares during the period. Institutional investors own 82.91% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TOST. Robert W. Baird upped their target price on shares of Toast from $30.00 to $33.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Evercore reissued an “outperform” rating on shares of Toast in a report on Wednesday, August 5th. Keefe, Bruyette & Woods boosted their price objective on shares of Toast from $30.00 to $35.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 5th. Jefferies Financial Group set a $40.00 price objective on Toast in a report on Wednesday, August 5th. Finally, Needham & Company LLC increased their price objective on Toast from $35.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Seventeen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $39.00.

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.