Toast, Inc. (NYSE:TOST) President Sells $1,648,967.19 in Stock

Toast, Inc. (NYSE:TOST - Get Free Report) President Stephen Fredette sold 47,073 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $35.03, for a total transaction of $1,648,967.19. Following the completion of the transaction, the president now directly owns 1,491,773 shares of the company's stock, valued at approximately $52,256,808.19. The trade was a 3.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Stephen Fredette also recently made the following trade(s):

• On Wednesday, March 19th, Stephen Fredette sold 44,056 shares of Toast stock. The shares were sold at an average price of $35.15, for a total value of $1,548,568.40.
• On Wednesday, March 12th, Stephen Fredette sold 300 shares of Toast stock. The stock was sold at an average price of $35.00, for a total value of $10,500.00.
• On Friday, March 7th, Stephen Fredette sold 70,340 shares of Toast stock. The shares were sold at an average price of $33.87, for a total transaction of $2,382,415.80.
• On Tuesday, February 4th, Stephen Fredette sold 1,068 shares of Toast stock. The stock was sold at an average price of $39.63, for a total transaction of $42,324.84.

Toast Trading Down 1.9 %

TOST stock traded down $0.68 on Friday, hitting $35.20. The company had a trading volume of 6,987,316 shares, compared to its average volume of 6,508,881. Toast, Inc. has a 12-month low of $21.32 and a 12-month high of $44.12. The stock has a market cap of $17.39 billion, a price-to-earnings ratio of -3,516.78, a P/E/G ratio of 2.16 and a beta of 1.99. The stock's 50-day simple moving average is $37.82 and its 200 day simple moving average is $35.07.

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Toast (NYSE:TOST - Get Free Report) last released its quarterly 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). The firm had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.32 billion. Toast had a return on equity of 1.54% and a net margin of 0.40%. Research analysts forecast that Toast, Inc. will post 0.39 earnings per share for the current year.

Institutional Investors Weigh In On Toast

Large investors have recently made changes to their positions in the company. California State Teachers Retirement System boosted its holdings in shares of Toast by 2.9% in the fourth quarter. California State Teachers Retirement System now owns 593,953 shares of the company's stock worth $21,650,000 after buying an additional 16,684 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Toast by 19.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 22,751 shares of the company's stock worth $829,000 after acquiring an additional 3,713 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Toast during the 4th quarter worth $2,296,000. Pinnacle Wealth Planning Services Inc. bought a new stake in shares of Toast during the 4th quarter valued at $280,000. Finally, Garde Capital Inc. purchased a new stake in shares of Toast in the 4th quarter worth $123,000. 82.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on TOST. Oppenheimer initiated coverage on shares of Toast in a report on Friday, January 24th. They issued an "outperform" rating and a $46.00 price objective on the stock. DA Davidson restated a "neutral" rating and issued a $38.00 price target (down previously from $44.00) on shares of Toast in a research note on Thursday, December 5th. Needham & Company LLC reiterated a "buy" rating and set a $50.00 price objective on shares of Toast in a research note on Thursday, February 20th. Wells Fargo & Company boosted their target price on Toast from $25.00 to $30.00 and gave the stock an "underweight" rating in a report on Thursday, January 16th. Finally, Robert W. Baird raised their price target on Toast from $38.00 to $40.00 and gave the company a "neutral" rating in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $40.48.

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.