Toast, Inc. (NYSE:TOST) Director Paul D. Bell Sells 11,000 Shares

Toast, Inc. (NYSE:TOST) Director Paul D. Bell sold 11,000 shares of Toast stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $45.13, for a total transaction of $496,430.00. Following the sale, the director now directly owns 229,680 shares of the company’s stock, valued at approximately $10,365,458.40. This trade represents a 4.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Toast Stock Performance

NYSE TOST opened at $44.69 on Monday. The firm has a market cap of $22.25 billion, a PE ratio of -4,464.04, a P/E/G ratio of 2.16 and a beta of 1.98. Toast, Inc. has a one year low of $21.32 and a one year high of $45.56. The firm’s fifty day moving average is $35.55 and its two-hundred day moving average is $37.41.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TOST. Blue Trust Inc. increased its stake in shares of Toast by 120.4% during the fourth quarter. Blue Trust Inc. now owns 692 shares of the company’s stock worth $25,000 after acquiring an additional 378 shares during the period. Piscataqua Savings Bank acquired a new position in shares of Toast during the fourth quarter worth about $26,000. Stonebridge Financial Group LLC acquired a new position in shares of Toast during the fourth quarter worth about $34,000. Wayfinding Financial LLC acquired a new position in shares of Toast during the first quarter worth about $34,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Toast during the fourth quarter worth about $35,000. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of Toast from $39.00 to $46.00 and gave the stock an “overweight” rating in a research report on Friday, May 9th. UBS Group lifted their price objective on shares of Toast from $41.00 to $47.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. DA Davidson decreased their price objective on shares of Toast from $42.00 to $40.00 and set a “neutral” rating for the company in a research report on Wednesday, April 30th. JPMorgan Chase & Co. lifted their price objective on shares of Toast from $36.00 to $42.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. Finally, Canaccord Genuity Group lifted their price objective on shares of Toast from $43.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. Thirteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Toast presently has an average rating of “Hold” and an average target price of $40.91.

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.