Elena Gomez Sells 8,929 Shares of Toast (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) CFO Elena Gomez sold 8,929 shares of the 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 $233,850.51. Following the completion of the transaction, the chief financial officer directly owned 173,064 shares of the company’s stock, valued at approximately $4,532,546.16. The trade was a 4.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Elena Gomez also recently made the following trade(s):

• On Tuesday, February 3rd, Elena Gomez sold 1,437 shares of Toast stock. The stock was sold at an average price of $30.34, for a total transaction of $43,598.58.
• On Monday, January 5th, Elena Gomez sold 6,672 shares of Toast stock. The stock was sold at an average price of $34.38, for a total transaction of $229,383.36.

Toast Stock Performance

Shares of TOST opened at $26.44 on Friday. Toast, Inc. has a 52 week low of $24.35 and a 52 week high of $49.66. The stock has a market capitalization of $13.86 billion, a price-to-earnings ratio of 48.97 and a beta of 1.90. The stock has a fifty day moving average of $28.10 and a 200-day moving average of $33.27.

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

Toast announced that its Board of Directors has approved a share buyback plan on Thursday, February 12th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Sanford C. Bernstein set a $39.00 price objective on Toast in a research note on Monday, February 16th. Morgan Stanley set a $51.00 target price on shares of Toast in a report on Friday, February 13th. Loop Capital started coverage on shares of Toast in a research report on Tuesday, March 31st. They issued a “hold” rating and a $26.00 price target for the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Toast in a research note on Monday, December 29th. Finally, Oppenheimer cut their price target on shares of Toast from $48.00 to $39.00 and set an “outperform” rating on the stock in a report on Friday, February 13th. Seventeen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $39.88.

Key Toast News

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC lifted its position in shares of Toast by 1,555.5% in the 1st quarter. NewEdge Advisors LLC now owns 17,432 shares of the company’s stock worth $578,000 after purchasing an additional 16,379 shares during the period. Prudential Financial Inc. increased its position in shares of Toast by 22.3% during the second quarter. Prudential Financial Inc. now owns 47,250 shares of the company’s stock worth $2,021,000 after buying an additional 8,616 shares during the period. Hsbc Holdings PLC increased its position in shares of Toast by 17.0% during the second quarter. Hsbc Holdings PLC now owns 208,063 shares of the company’s stock worth $9,222,000 after buying an additional 30,266 shares during the period. M&T Bank Corp raised its stake in Toast by 14.2% during the second quarter. M&T Bank Corp now owns 43,856 shares of the company’s stock worth $1,942,000 after buying an additional 5,457 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Toast by 25.6% during the second quarter. Invesco Ltd. now owns 3,328,812 shares of the company’s stock worth $147,433,000 after buying an additional 678,971 shares during the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.

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.