Toast (NYSE:TOST) CFO Elena Gomez Sells 9,054 Shares

Toast, Inc. (NYSE:TOST) CFO Elena Gomez sold 9,054 shares of Toast stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $35.56, for a total transaction of $321,960.24. Following the completion of the sale, the chief financial officer owned 149,572 shares in the company, valued at approximately $5,318,780.32. This trade represents a 5.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, August 4th, Elena Gomez sold 2,006 shares of Toast stock. The shares were sold at an average price of $48.38, for a total transaction of $97,050.28.

Toast Stock Up 1.3%

Shares of NYSE TOST opened at $36.58 on Friday. The company’s 50-day simple moving average is $42.32 and its 200-day simple moving average is $40.78. The firm has a market cap of $18.66 billion, a price-to-earnings ratio of 107.60 and a beta of 1.94. Toast, Inc. has a 52-week low of $27.65 and a 52-week high of $49.66.

Toast (NYSE:TOST) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.10). The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Toast had a return on equity of 14.19% and a net margin of 4.07%.The business’s quarterly revenue was up 24.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.02 earnings per share. Equities research analysts anticipate that Toast, Inc. will post 0.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Toast

A number of institutional investors have recently made changes to their positions in the stock. Corient Private Wealth LLC increased its position in shares of Toast by 126.0% during the second quarter. Corient Private Wealth LLC now owns 22,766 shares of the company’s stock valued at $1,008,000 after acquiring an additional 12,693 shares during the last quarter. Valeo Financial Advisors LLC acquired a new stake in shares of Toast during the second quarter valued at about $209,000. Orion Porfolio Solutions LLC increased its position in shares of Toast by 399.7% during the second quarter. Orion Porfolio Solutions LLC now owns 40,041 shares of the company’s stock valued at $1,773,000 after acquiring an additional 32,028 shares during the last quarter. Newbridge Financial Services Group Inc. increased its position in shares of Toast by 1,585.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 19,378 shares of the company’s stock valued at $858,000 after acquiring an additional 18,228 shares during the last quarter. Finally, Marex Group plc acquired a new stake in shares of Toast during the second quarter valued at about $465,000. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Toast in a research note on Saturday, September 27th. Citigroup reissued a “buy” rating on shares of Toast in a research note on Wednesday, July 16th. Morgan Stanley raised their price target on shares of Toast from $50.00 to $54.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. DA Davidson raised their price target on shares of Toast from $40.00 to $46.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 29th. Finally, Robert W. Baird set a $48.00 price target on shares of Toast in a research note on Monday, September 22nd. Fifteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $46.30.

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.