Toast, Inc. (NYSE:TOST) President Stephen Fredette Sells 800 Shares

Toast, Inc. (NYSE:TOST) President Stephen Fredette sold 800 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $27.00, for a total transaction of $21,600.00. Following the completion of the transaction, the president now directly owns 2,344,885 shares in the company, valued at $63,311,895. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Thursday, September 12th, Stephen Fredette sold 101,574 shares of Toast stock. The stock was sold at an average price of $25.73, for a total value of $2,613,499.02.
• On Tuesday, September 10th, Stephen Fredette sold 211,686 shares of Toast stock. The shares were sold at an average price of $23.57, for a total transaction of $4,989,439.02.
• On Friday, August 2nd, Stephen Fredette sold 1,127 shares of Toast stock. The shares were sold at an average price of $24.00, for a total value of $27,048.00.
• On Tuesday, July 2nd, Stephen Fredette sold 3,810 shares of Toast stock. The shares were sold at an average price of $25.64, for a total value of $97,688.40.

Toast Stock Performance

TOST stock opened at $27.73 on Friday. The company has a market capitalization of $12.56 billion, a PE ratio of -55.46 and a beta of 1.75. Toast, Inc. has a one year low of $13.77 and a one year high of $27.90. The company’s 50 day moving average price is $25.08 and its two-hundred day moving average price is $24.58.

Toast (NYSE:TOST) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.04. Toast had a negative net margin of 3.10% and a negative return on equity of 11.27%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the business posted ($0.19) earnings per share. The company’s revenue was up 27.0% on a year-over-year basis. On average, research analysts predict that Toast, Inc. will post -0.1 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Principal Securities Inc. purchased a new position in shares of Toast during the fourth quarter valued at approximately $30,000. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Toast by 5.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,985 shares of the company’s stock worth $255,000 after buying an additional 774 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of Toast by 8,092.0% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 69,386 shares of the company’s stock valued at $1,267,000 after buying an additional 68,539 shares during the last quarter. Norges Bank bought a new position in Toast during the 4th quarter valued at about $76,699,000. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of Toast by 359.0% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 5,903 shares of the company’s stock valued at $108,000 after acquiring an additional 4,617 shares during the last quarter. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on TOST shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Toast in a research note on Wednesday, August 7th. JPMorgan Chase & Co. boosted their target price on Toast from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. Mizuho upgraded Toast from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $21.00 to $33.00 in a report on Thursday, July 18th. Morgan Stanley boosted their price objective on Toast from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $27.00 target price on shares of Toast in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Toast presently has an average rating of “Moderate Buy” and a consensus target price of $28.33.

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.