Stephen Fredette Sells 39,768 Shares of Toast, Inc. (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) President Stephen Fredette sold 39,768 shares of the business’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $29.02, for a total value of $1,154,067.36. Following the completion of the sale, the president now owns 1,795,301 shares in the company, valued at $52,099,635.02. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• On Wednesday, October 2nd, Stephen Fredette sold 5,511 shares of Toast stock. The shares were sold at an average price of $27.77, for a total value of $153,040.47.
• On Monday, September 30th, Stephen Fredette sold 812 shares of Toast stock. The shares were sold at an average price of $28.28, for a total transaction of $22,963.36.
• On Friday, September 27th, Stephen Fredette sold 181,304 shares of Toast stock. The stock was sold at an average price of $28.56, for a total transaction of $5,178,042.24.
• On Monday, September 23rd, Stephen Fredette sold 8,057 shares of Toast stock. The stock was sold at an average price of $28.02, for a total transaction of $225,757.14.
• On Friday, September 20th, Stephen Fredette sold 144,238 shares of Toast stock. The shares were sold at an average price of $27.34, for a total value of $3,943,466.92.
• On Wednesday, September 18th, Stephen Fredette sold 800 shares of Toast stock. The stock was sold at an average price of $27.00, for a total value of $21,600.00.
• On Thursday, September 12th, Stephen Fredette sold 101,574 shares of Toast stock. The shares were sold at an average price of $25.73, for a total value of $2,613,499.02.
• On Tuesday, September 10th, Stephen Fredette sold 211,686 shares of Toast stock. The stock was sold at an average price of $23.57, for a total transaction of $4,989,439.02.
• On Friday, August 2nd, Stephen Fredette sold 1,127 shares of Toast stock. The stock was sold at an average price of $24.00, for a total transaction of $27,048.00.

Toast Stock Performance

Shares of TOST opened at $28.34 on Friday. The company has a market capitalization of $12.84 billion, a price-to-earnings ratio of -56.68 and a beta of 1.76. Toast, Inc. has a fifty-two week low of $13.77 and a fifty-two week high of $29.92. The firm has a 50-day simple moving average of $25.70 and a 200-day simple moving average of $24.99.

Toast (NYSE:TOST) last released its earnings results on Tuesday, August 6th. The company reported $0.02 EPS for the quarter, topping 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 company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the business earned ($0.19) EPS. The business’s revenue was up 27.0% on a year-over-year basis. Equities research analysts forecast that Toast, Inc. will post -0.1 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on TOST shares. JPMorgan Chase & Co. lifted their price objective on shares of Toast from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Morgan Stanley upped their price objective on Toast from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Mizuho upgraded Toast from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $21.00 to $33.00 in a research note on Thursday, July 18th. Wedbush raised Toast to a “strong-buy” rating in a report on Friday, September 6th. Finally, Bank of America raised their price objective on shares of Toast from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Toast presently has an average rating of “Moderate Buy” and an average target price of $28.33.

Institutional Investors Weigh In On Toast

Institutional investors have recently added to or reduced their stakes in the business. LRI Investments LLC acquired a new position in shares of Toast during the 1st quarter worth $27,000. West Branch Capital LLC purchased a new stake in Toast during the second quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Toast in the second quarter valued at about $33,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Toast during the 2nd quarter valued at approximately $34,000. Finally, Harbor Investment Advisory LLC purchased a new stake in shares of Toast during the 1st quarter worth approximately $37,000. Hedge funds and other institutional investors own 82.91% of the company’s stock.

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.