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

Toast, Inc. (NYSE:TOST - Get Free Report) Director Christopher P. Comparato sold 70,000 shares of the business's stock in a transaction 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 transaction, the director now directly owns 179,316 shares of the company's stock, valued at approximately $6,134,400.36. This trade represents a 28.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Toast Stock Up 2.1 %

Shares of TOST stock traded up $0.71 during trading hours on Wednesday, reaching $34.89. 5,779,987 shares of the stock traded hands, compared to its average volume of 6,812,163. The firm has a market capitalization of $17.24 billion, a PE ratio of -3,485.51, a PEG ratio of 2.16 and a beta of 2.00. Toast, Inc. has a 1-year low of $21.32 and a 1-year high of $44.12. The business has a fifty day moving average price of $35.18 and a 200 day moving average price of $36.22.

Toast (NYSE:TOST - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). Toast had a net margin of 0.40% and a return on equity of 1.54%. The business had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.32 billion. Research analysts expect that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TOST shares. Robert W. Baird raised their price target on shares of Toast from $38.00 to $40.00 and gave the company a "neutral" rating in a research note on Thursday, February 20th. Morgan Stanley cut their target price on Toast from $50.00 to $46.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Wolfe Research raised Toast from a "peer perform" rating to an "outperform" rating and set a $44.00 price target for the company in a research note on Wednesday. Royal Bank of Canada raised their price target on Toast from $40.00 to $45.00 and gave the company a "sector perform" rating in a report on Thursday, February 20th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $50.00 price objective on shares of Toast in a report on Thursday, February 20th. Thirteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $40.26.

Hedge Funds Weigh In On Toast

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

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.