Toast (NYSE:TOST) CRO Jonathan Vassil Sells 13,931 Shares

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 13,931 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $36.01, for a total value of $501,655.31. Following the completion of the transaction, the executive owned 69,966 shares in the company, valued at approximately $2,519,475.66. The trade was a 16.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, August 11th, Jonathan Vassil sold 13,797 shares of Toast stock. The stock was sold at an average price of $36.01, for a total value of $496,829.97.
• On Wednesday, August 5th, Jonathan Vassil sold 4,700 shares of Toast stock. The shares were 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 shares were sold at an average price of $28.85, for a total transaction of $191,765.95.

Toast Price Performance

NYSE:TOST traded up $1.29 on Friday, reaching $36.61. 7,877,290 shares of the company’s stock were exchanged, compared to its average volume of 11,610,734. The firm has a market cap of $18.82 billion, a price-to-earnings ratio of 46.94 and a beta of 1.72. Toast, Inc. has a 52 week low of $22.26 and a 52 week high of $45.64. The stock has a fifty day simple moving average of $30.19 and a 200-day simple moving average of $28.00.

Toast (NYSE:TOST) last posted 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). The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.87 billion. Toast had a net margin of 7.14% and a return on equity of 23.90%. The business’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same period last year, the firm earned $0.13 EPS. As a group, sell-side analysts predict that Toast, Inc. will post 1 EPS for the current year.

Institutional Investors Weigh In On Toast

Large investors have recently added to or reduced their stakes in the business. Bayban bought a new position in Toast in the 4th quarter worth about $25,000. SHP Wealth Management purchased a new position in shares of Toast during the fourth quarter worth about $29,000. Strive Financial Group LLC purchased a new position in shares of Toast during the fourth quarter worth about $29,000. Ancora Advisors LLC bought a new position in shares of Toast in the second quarter worth approximately $31,000. Finally, Silicon Valley Capital Partners bought a new position in shares of Toast in the fourth quarter worth approximately $36,000. Institutional investors own 82.91% of the company’s stock.

Analyst Upgrades and Downgrades

TOST has been the subject of several recent research reports. Piper Sandler lifted their price target on Toast from $32.00 to $39.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. Rothschild & Co Redburn restated a “neutral” rating and issued a $35.00 target price on shares of Toast in a research note on Tuesday, May 12th. Mizuho decreased their price target on Toast from $45.00 to $38.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 12th. Barclays increased their price target on shares of Toast from $35.00 to $39.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Finally, Morgan Stanley set a $45.00 price objective on shares of Toast in a research report on Friday, May 8th. Seventeen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Toast has an average rating of “Moderate Buy” and a consensus 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.