Deval L. Patrick Sells 34,222 Shares of Toast, Inc. (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST - Get Free Report) Director Deval L. Patrick sold 34,222 shares of the business's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $33.01, for a total value of $1,129,668.22. Following the completion of the sale, the director now owns 13,260 shares in the company, valued at approximately $437,712.60. The trade was a 72.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Toast Stock Performance

TOST stock traded down $1.09 during trading on Tuesday, hitting $33.75. 6,801,737 shares of the company traded hands, compared to its average volume of 6,497,861. The firm has a market capitalization of $16.67 billion, a PE ratio of -3,371.13, a P/E/G ratio of 2.16 and a beta of 1.99. Toast, Inc. has a 1 year low of $21.32 and a 1 year high of $44.12. The company has a 50-day moving average of $38.05 and a 200-day moving average of $34.78.

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

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Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TOST. Compass Point began coverage on Toast in a research note on Wednesday, November 20th. They set a "buy" rating and a $49.00 price objective on the stock. BMO Capital Markets upped their target price on Toast from $46.00 to $48.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Morgan Stanley upped their target price on Toast from $46.00 to $50.00 and gave the stock an "overweight" rating in a research note on Thursday, February 20th. Robert W. Baird upped their target price on Toast from $38.00 to $40.00 and gave the stock a "neutral" rating in a research note on Thursday, February 20th. Finally, UBS Group upped their target price on Toast from $41.00 to $47.00 and gave the stock a "buy" rating in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $40.48.

Institutional Investors Weigh In On Toast

Institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. boosted its holdings in Toast by 120.4% during the 4th quarter. Blue Trust Inc. now owns 692 shares of the company's stock valued at $25,000 after acquiring an additional 378 shares during the period. Piscataqua Savings Bank bought a new position in Toast during the 4th quarter valued at approximately $26,000. Stonebridge Financial Group LLC bought a new position in Toast during the 4th quarter valued at approximately $34,000. SBI Securities Co. Ltd. bought a new position in Toast during the 4th quarter valued at approximately $35,000. Finally, Wingate Wealth Advisors Inc. bought a new position in Toast during the 4th quarter valued at approximately $40,000. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

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.