Jonathan Vassil Sells 4,780 Shares of Toast, Inc. (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 4,780 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $27.77, for a total transaction of $132,740.60. Following the completion of the transaction, the executive now directly owns 38,266 shares of the company’s stock, valued at approximately $1,062,646.82. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Friday, August 2nd, Jonathan Vassil sold 1,541 shares of Toast stock. The stock was sold at an average price of $24.00, for a total transaction of $36,984.00.
• On Monday, July 15th, Jonathan Vassil sold 100,000 shares of Toast stock. The shares were sold at an average price of $25.55, for a total value of $2,555,000.00.

Toast Price Performance

Shares of NYSE TOST opened at $28.77 on Friday. The firm has a market cap of $13.26 billion, a price-to-earnings ratio of -57.54 and a beta of 1.76. The stock’s fifty day moving average price is $25.39 and its two-hundred day moving average price is $24.82. Toast, Inc. has a one year low of $13.77 and a one year high of $29.92.

Toast (NYSE:TOST) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.02 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 for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the company posted ($0.19) earnings per share. Toast’s revenue was up 27.0% compared to the same quarter last year. On average, equities analysts anticipate that Toast, Inc. will post -0.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Wedbush upgraded Toast to a “strong-buy” rating in a research note on Friday, September 6th. Morgan Stanley raised their target price on shares of Toast from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Mizuho upgraded shares of Toast from a “neutral” rating to an “outperform” rating and increased their price target for the company from $21.00 to $33.00 in a research note on Thursday, July 18th. Needham & Company LLC reissued a “buy” rating and issued a $30.00 price objective on shares of Toast in a research report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. upped their target price on shares of Toast from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $28.33.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. West Branch Capital LLC acquired a new stake in Toast during the second quarter worth approximately $26,000. LRI Investments LLC acquired a new stake in shares of Toast during the 1st quarter worth $27,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Toast in the second quarter worth $33,000. 1620 Investment Advisors Inc. bought a new position in shares of Toast in the second quarter worth $34,000. Finally, Harbor Investment Advisory LLC bought a new stake in Toast during the first quarter worth about $37,000. 82.91% of the stock is owned by institutional investors.

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.