Toast (NYSE:TOST) CFO Elena Gomez Sells 900 Shares of Stock

Toast, Inc. (NYSE:TOST) CFO Elena Gomez sold 900 shares of the company’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $35.02, for a total value of $31,518.00. Following the sale, the chief financial officer owned 168,074 shares of the company’s stock, valued at $5,885,951.48. This represents a 0.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Elena Gomez also recently made the following trade(s):

• On Wednesday, August 5th, Elena Gomez sold 16,176 shares of Toast stock. The shares were sold at an average price of $35.29, for a total value of $570,851.04.
• On Thursday, July 2nd, Elena Gomez sold 11,605 shares of Toast stock. The stock was sold at an average price of $28.85, for a total value of $334,804.25.

Toast Price Performance

NYSE TOST traded down $0.26 during mid-day trading on Friday, hitting $34.47. The company’s stock had a trading volume of 10,399,114 shares, compared to its average volume of 11,830,787. Toast, Inc. has a 52-week low of $22.26 and a 52-week high of $46.11. The stock’s fifty day simple moving average is $28.28 and its two-hundred day simple moving average is $27.85. The firm has a market capitalization of $17.78 billion, a P/E ratio of 44.19 and a beta of 1.72.

Toast (NYSE:TOST) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). Toast had a net margin of 7.14% and a return on equity of 23.90%. The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the firm earned $0.13 earnings per share. The company’s quarterly revenue was up 23.1% on a year-over-year basis. On average, equities analysts forecast that Toast, Inc. will post 0.97 earnings per share for the current fiscal year.

Key Stories Impacting Toast

Here are the key news stories impacting Toast this week:

• Positive Sentiment: Analysts raise price targets: BMO Capital Markets lifted its Toast price target to $40, while Needham and Keefe, Bruyette & Woods also expressed expectations for meaningful appreciation. These calls reinforce the bullish case following Toast’s growth and improving profitability. BMO Capital Markets Raises Toast Price Target Needham Forecasts Toast Price Appreciation Keefe Bruyette Woods Toast Outlook
• Positive Sentiment: AI and partnership momentum: A report highlights Toast’s AI initiatives and relationships with Google and hotel operators as potential catalysts for expanding its addressable market and strengthening the long-term growth story. Toast AI, Google, and Hotel Partnership Report
• Positive Sentiment: Options activity signals bullish positioning: High trading volume in Toast call options suggests some traders are positioning for additional upside, although options activity is a market signal rather than a change in fundamentals. Toast High Call Option Volume
• Neutral Sentiment: Mixed quarterly results: Toast exceeded revenue expectations, reporting $1.91 billion, up 23.1% year over year, but adjusted earnings per share fell short of consensus estimates. The revenue growth supports the bull case, while the earnings miss raises questions about execution and near-term margins. Toast Second Quarter Sales Report
• Negative Sentiment: Valuation concerns: A Seeking Alpha analysis recommended trimming the position, arguing that Toast’s valuation could become difficult to justify if growth or profitability slows. This is a risk after the stock’s recent rally. Toast Valuation Downgrade
• Negative Sentiment: Executives sell shares: CEO Aman Narang sold approximately $4.9 million of Toast stock, while the CFO and CRO also sold shares. Because the transactions were made under pre-arranged Rule 10b5-1 plans, they may reflect scheduled diversification rather than diminished confidence, but the volume can still weigh on sentiment.

Analyst Ratings Changes

A number of brokerages recently weighed in on TOST. BMO Capital Markets upped their price target on shares of Toast from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday. Weiss Ratings restated a “hold (c)” rating on shares of Toast in a research note on Wednesday, May 20th. Morgan Stanley set a $45.00 target price on Toast in a research report on Friday, May 8th. Mizuho lowered their target price on Toast from $45.00 to $38.00 and set an “outperform” rating for the company in a research note on Tuesday, May 12th. Finally, Citigroup raised their target price on Toast from $36.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday. Seventeen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $38.62.

Institutional Investors Weigh In On Toast

A number of large investors have recently added to or reduced their stakes in TOST. BOKF NA increased its stake in Toast by 4.5% during the 3rd quarter. BOKF NA now owns 8,023 shares of the company’s stock valued at $293,000 after buying an additional 345 shares during the period. Fifth Third Wealth Advisors LLC raised its position in shares of Toast by 0.5% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 67,909 shares of the company’s stock worth $1,800,000 after buying an additional 358 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Toast by 1.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,857 shares of the company’s stock worth $1,012,000 after acquiring an additional 380 shares during the period. Seven Mile Advisory lifted its stake in shares of Toast by 3.1% in the 3rd quarter. Seven Mile Advisory now owns 12,689 shares of the company’s stock worth $463,000 after acquiring an additional 381 shares during the period. Finally, HM Payson & Co. boosted its holdings in shares of Toast by 6.2% in the fourth quarter. HM Payson & Co. now owns 6,742 shares of the company’s stock valued at $239,000 after acquiring an additional 392 shares in the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.

About Toast

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.