Jonathan Vassil Sells 50,000 Shares of Toast, Inc. (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 50,000 shares of Toast stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $22.90, for a total value of $1,145,000.00. Following the completion of the transaction, the executive now owns 25,422 shares in the company, valued at approximately $582,163.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Jonathan Vassil also recently made the following trade(s):

• On Tuesday, April 2nd, Jonathan Vassil sold 2,282 shares of Toast stock. The shares were sold at an average price of $23.40, for a total value of $53,398.80.
• On Wednesday, March 13th, Jonathan Vassil sold 100,000 shares of Toast stock. The shares were sold at an average price of $25.24, for a total value of $2,524,000.00.
• On Friday, February 2nd, Jonathan Vassil sold 916 shares of Toast stock. The shares were sold at an average price of $18.72, for a total value of $17,147.52.

Toast Price Performance

Toast stock opened at $22.18 on Friday. The stock’s 50 day moving average is $23.03 and its 200 day moving average is $19.01. The firm has a market cap of $9.69 billion, a P/E ratio of -43.49 and a beta of 1.79. Toast, Inc. has a one year low of $13.77 and a one year high of $27.00.

Toast (NYSE:TOST) last issued its quarterly earnings results on Thursday, February 15th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.04. Toast had a negative return on equity of 21.77% and a negative net margin of 6.36%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the firm earned ($0.19) earnings per share. The company’s revenue was up 34.7% compared to the same quarter last year. Equities analysts anticipate that Toast, Inc. will post -0.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Toast

Several institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC lifted its stake in Toast by 52.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,910 shares of the company’s stock valued at $97,000 after buying an additional 1,345 shares during the period. Miracle Mile Advisors LLC acquired a new position in Toast in the first quarter valued at approximately $274,000. WoodTrust Financial Corp acquired a new position in Toast in the first quarter valued at approximately $754,000. Toth Financial Advisory Corp acquired a new position in Toast in the first quarter valued at approximately $305,000. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Toast by 21.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 46,362 shares of the company’s stock valued at $1,155,000 after acquiring an additional 8,095 shares in the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TOST has been the topic of a number of recent analyst reports. UBS Group lifted their target price on Toast from $22.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Redburn Atlantic raised Toast from a “neutral” rating to a “buy” rating and set a $28.00 price target on the stock in a research note on Wednesday, February 7th. BNP Paribas raised Toast from a “neutral” rating to an “outperform” rating and set a $30.00 price target on the stock in a research note on Thursday, March 7th. Keefe, Bruyette & Woods assumed coverage on Toast in a research note on Tuesday, April 9th. They set a “market perform” rating and a $25.00 price target on the stock. Finally, Evercore ISI assumed coverage on Toast in a research note on Monday, March 4th. They set an “outperform” rating and a $32.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $24.32.

Toast Company Profile

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.