Stephen Fredette Sells 7,289 Shares of Toast (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) President Stephen Fredette sold 7,289 shares of the company’s 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 $190,898.91. Following the completion of the transaction, the president owned 920,985 shares in the company, valued at approximately $24,120,597.15. This represents a 0.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Tuesday, February 3rd, Stephen Fredette sold 1,060 shares of Toast stock. The stock was sold at an average price of $30.34, for a total transaction of $32,160.40.
• On Monday, January 5th, Stephen Fredette sold 4,866 shares of Toast stock. The shares were sold at an average price of $34.38, for a total transaction of $167,293.08.

Toast Stock Down 0.1%

Shares of NYSE:TOST opened at $26.44 on Friday. The firm has a fifty day moving average of $28.10 and a two-hundred day moving average of $33.27. Toast, Inc. has a 12-month low of $24.35 and a 12-month high of $49.66. The firm 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 posted its quarterly earnings results 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 company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same period last year, the company posted $0.05 earnings per share. The company’s revenue was up 22.0% compared to the same quarter last year. Equities research analysts expect that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Toast declared that its Board of Directors has authorized a stock repurchase program on Thursday, February 12th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

Key Headlines Impacting Toast

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Bayban acquired a new stake in Toast in the 4th quarter worth approximately $25,000. Quent Capital LLC acquired a new position in Toast during the third quarter valued at approximately $27,000. SHP Wealth Management bought a new position in shares of Toast in the fourth quarter valued at approximately $29,000. Strive Financial Group LLC bought a new position in shares of Toast in the fourth quarter valued at approximately $29,000. Finally, Alpine Bank Wealth Management acquired a new stake in shares of Toast in the third quarter worth $30,000. 82.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Oppenheimer reduced their price target on Toast from $48.00 to $39.00 and set an “outperform” rating for the company in a report on Friday, February 13th. Truist Financial set a $36.00 price objective on shares of Toast in a research report on Wednesday, February 25th. Sanford C. Bernstein set a $39.00 target price on shares of Toast in a research note on Monday, February 16th. Jefferies Financial Group set a $35.00 target price on shares of Toast in a research report on Friday, February 13th. Finally, UBS Group set a $40.00 price target on shares of Toast in a research note 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’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $39.88.

About Toast

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.