Toast, Inc. (NYSE:TOST) Director Christopher P. Comparato Sells 70,000 Shares of Stock

Toast, Inc. (NYSE:TOST) Director Christopher P. Comparato sold 70,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $34.21, for a total transaction of $2,394,700.00. Following the completion of the sale, the director now owns 179,316 shares in the company, valued at $6,134,400.36. This represents a 28.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Toast Stock Up 0.0 %

Shares of NYSE TOST opened at $34.30 on Friday. Toast, Inc. has a 12-month low of $21.32 and a 12-month high of $44.12. The firm has a market cap of $16.95 billion, a PE ratio of -3,426.97, a P/E/G ratio of 2.16 and a beta of 2.00. The company’s fifty day simple moving average is $35.55 and its 200 day simple moving average is $36.04.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TOST. Charles Schwab Investment Management Inc. increased its position in shares of Toast by 5.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,938,487 shares of the company’s stock worth $107,108,000 after acquiring an additional 155,446 shares in the last quarter. Jupiter Asset Management Ltd. boosted its position in shares of Toast by 134.3% during the fourth quarter. Jupiter Asset Management Ltd. now owns 392,853 shares of the company’s stock valued at $14,319,000 after buying an additional 225,215 shares during the last quarter. New York Life Investment Management LLC bought a new stake in shares of Toast in the 4th quarter worth $1,572,000. Forsta AP Fonden lifted its position in shares of Toast by 191.4% during the fourth quarter. Forsta AP Fonden now owns 234,300 shares of the company’s stock valued at $8,540,000 after purchasing an additional 153,900 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Toast by 129,058.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,074,286 shares of the company’s stock worth $75,466,000 after purchasing an additional 2,072,680 shares during the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

Wall Street Analyst Weigh In

TOST has been the topic of several recent research reports. Royal Bank of Canada raised their price objective on Toast from $40.00 to $45.00 and gave the company a “sector perform” rating in a report on Thursday, February 20th. The Goldman Sachs Group reduced their price target on Toast from $43.00 to $38.00 and set a “neutral” rating on the stock in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods raised their price objective on shares of Toast from $40.00 to $42.00 and gave the company a “market perform” rating in a report on Thursday, February 20th. Needham & Company LLC reiterated a “buy” rating and set a $50.00 target price on shares of Toast in a research report on Thursday, February 20th. Finally, Canaccord Genuity Group upped their price target on shares of Toast from $43.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Thirteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $40.09.

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.