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

Toast, Inc. (NYSE:TOST) Director Christopher P. Comparato sold 70,000 shares of Toast stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $35.71, for a total transaction of $2,499,700.00. Following the transaction, the director now directly owns 164,796 shares in the company, valued at $5,884,865.16. This trade represents a 29.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Toast Price Performance

TOST stock opened at $35.20 on Friday. Toast, Inc. has a 1 year low of $21.32 and a 1 year high of $44.12. The firm has a 50-day moving average of $37.82 and a 200 day moving average of $34.99. The company has a market cap of $17.39 billion, a P/E ratio of -3,516.78, a PEG ratio of 2.16 and a beta of 1.99.

Toast (NYSE:TOST) last posted its earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The firm had revenue of $1.34 billion for 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%. On average, equities research analysts expect that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Toast

A number of institutional investors have recently added to or reduced their stakes in TOST. Blue Trust Inc. lifted its holdings in shares of Toast by 120.4% during the fourth quarter. Blue Trust Inc. now owns 692 shares of the company’s stock valued at $25,000 after purchasing an additional 378 shares during the last quarter. Piscataqua Savings Bank bought a new position in Toast during the 4th quarter valued at approximately $26,000. Stonebridge Financial Group LLC purchased a new position in Toast during the fourth quarter valued at $34,000. SBI Securities Co. Ltd. purchased a new position in Toast during the fourth quarter valued at $35,000. Finally, Wingate Wealth Advisors Inc. bought a new stake in Toast in the fourth quarter worth $40,000. Institutional investors own 82.91% of the company’s stock.

Wall Street Analysts Forecast Growth

TOST has been the topic of a number of analyst reports. Keefe, Bruyette & Woods lifted their target price on shares of Toast from $40.00 to $42.00 and gave the stock a “market perform” rating in a research report on Thursday, February 20th. UBS Group lifted their price objective on Toast from $41.00 to $47.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Needham & Company LLC restated a “buy” rating and set a $50.00 target price on shares of Toast in a report on Thursday, February 20th. Oppenheimer assumed coverage on Toast in a research report on Friday, January 24th. They set an “outperform” rating and a $46.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on Toast from $36.00 to $42.00 and gave the company a “neutral” rating in a research 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. According to data from MarketBeat.com, Toast presently has an average rating of “Hold” and a consensus target price 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.