Brian Elworthy Sells 3,664 Shares of Toast (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) General Counsel Brian Elworthy sold 3,664 shares of Toast stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $26.19, for a total transaction of $95,960.16. Following the completion of the sale, the general counsel owned 243,642 shares of the company’s stock, valued at approximately $6,380,983.98. The trade was a 1.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Toast Price Performance

Shares of NYSE:TOST opened at $26.44 on Friday. The business’s 50 day simple moving average is $28.10 and its 200 day simple moving average is $33.27. Toast, Inc. has a 1 year low of $24.35 and a 1 year high of $49.66. The company has a market capitalization of $13.86 billion, a P/E ratio of 48.97 and a beta of 1.90.

Toast (NYSE:TOST) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.08). The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.62 billion. Toast had a net margin of 5.56% and a return on equity of 18.14%. Toast’s revenue was up 22.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.05 earnings per share. On average, sell-side analysts anticipate that Toast, Inc. will post 0.39 EPS for the current fiscal year.

Toast declared that its Board of Directors has approved a share buyback program on Thursday, February 12th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on TOST shares. Sanford C. Bernstein set a $39.00 price objective on shares of Toast in a research note on Monday, February 16th. Wolfe Research cut shares of Toast from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 8th. Canaccord Genuity Group set a $37.00 price target on shares of Toast in a report on Friday, February 13th. Evercore upgraded shares of Toast from an “in-line” rating to an “outperform” rating and set a $40.00 price target on the stock in a research report on Tuesday, January 20th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Toast in a research note on Monday, December 29th. Seventeen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, Toast has an average rating of “Moderate Buy” and a consensus target price of $39.88.

Toast News Summary

Here are the key news stories impacting Toast this week:

• Neutral Sentiment: Loop Capital initiated coverage of Toast with a “Hold” rating, which removes an immediate buy catalyst and may cap near‑term upside until clearer growth/profitability signals arrive. Loop Capital coverage
• Neutral Sentiment: Toast has been heavily searched by investors (Zacks spotlight), which can increase short‑term volume and volatility but doesn’t itself change fundamentals. Zacks: Investors Heavily Search
• Negative Sentiment: Multiple senior executives sold stock on April 2 (CEO Aman Narang, CFO Elena Gomez, President Stephen Fredette, General Counsel Brian Elworthy, and CRO Jonathan Vassil), collectively disposing of roughly $1.04M of shares at about $26.19 each. The CEO’s sale reduced his holding by ~19.95%; other insiders also trimmed positions. Clustered sales by top management can be perceived negatively by the market (signaling liquidity needs or reduced insider confidence), even if they stem from routine vesting/diversification; filings are available with the SEC. CEO SEC filing

Hedge Funds Weigh In On Toast

A number of hedge funds have recently modified their holdings of TOST. Hsbc Holdings PLC increased its holdings in Toast by 16.8% in the fourth quarter. Hsbc Holdings PLC now owns 181,371 shares of the company’s stock valued at $6,455,000 after purchasing an additional 26,032 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in Toast by 5.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 169,122 shares of the company’s stock worth $6,006,000 after buying an additional 8,676 shares during the period. Fund Advisors of America Inc FL bought a new stake in shares of Toast in the 4th quarter valued at about $290,000. Corient Private Wealth LLC grew its position in shares of Toast by 7.3% in the 4th quarter. Corient Private Wealth LLC now owns 38,944 shares of the company’s stock valued at $1,383,000 after buying an additional 2,660 shares during the last quarter. Finally, Bayban acquired a new stake in shares of Toast in the fourth quarter valued at about $25,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Toast Company Profile

Toast, Inc (NYSE: TOST) is a technology company that builds a cloud-based platform for restaurants and other foodservice businesses. Headquartered in Boston, Massachusetts, Toast offers integrated point-of-sale (POS) systems and a suite of software and hardware designed to streamline front-of-house and back-of-house operations. The company went public in 2021 and has positioned itself as a vertically integrated provider for the restaurant industry.

Toast’s product portfolio includes touchscreen POS terminals and handheld order-and-pay devices, kitchen display systems, and peripherals tailored for high-volume foodservice environments.