Toast, Inc. (NYSE:TOST - Get Free Report) Director Christopher P. Comparato sold 70,000 shares of the company's stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $34.21, for a total value of $2,394,700.00. Following the transaction, the director now directly owns 179,316 shares in the company, valued at $6,134,400.36. This represents a 28.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Toast Stock Up 0.0 %
Shares of NYSE TOST opened at $34.30 on Friday. The company has a 50 day moving average of $35.55 and a 200 day moving average of $36.04. Toast, Inc. has a twelve month low of $21.32 and a twelve month high of $44.12. The firm has a market cap of $16.95 billion, a P/E ratio of -3,426.97, a PEG ratio of 2.16 and a beta of 2.00.
Toast (NYSE:TOST - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). Toast had a net margin of 0.40% and a return on equity of 1.54%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. As a group, equities analysts expect that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the company. The Goldman Sachs Group dropped their price target on Toast from $43.00 to $38.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Morgan Stanley dropped their price objective on shares of Toast from $50.00 to $46.00 and set an "overweight" rating for the company in a report on Wednesday. Royal Bank of Canada increased their price target on shares of Toast from $40.00 to $45.00 and gave the company a "sector perform" rating in a research report on Thursday, February 20th. Keefe, Bruyette & Woods upped their price objective on shares of Toast from $40.00 to $42.00 and gave the company a "market perform" rating in a research note on Thursday, February 20th. Finally, BMO Capital Markets raised their target price on Toast from $46.00 to $48.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Thirteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $40.09.
Check Out Our Latest Stock Analysis on Toast
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Toast by 10.8% in the 4th quarter. Vanguard Group Inc. now owns 42,474,232 shares of the company's stock worth $1,548,186,000 after purchasing an additional 4,147,430 shares during the period. Capital International Investors boosted its stake in shares of Toast by 1.9% in the 4th quarter. Capital International Investors now owns 41,961,233 shares of the company's stock worth $1,529,657,000 after buying an additional 785,641 shares during the last quarter. FMR LLC grew its holdings in shares of Toast by 22.1% in the fourth quarter. FMR LLC now owns 29,853,639 shares of the company's stock worth $1,088,165,000 after acquiring an additional 5,403,896 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in Toast in the fourth quarter valued at about $282,010,000. Finally, Geode Capital Management LLC boosted its position in Toast by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 7,061,739 shares of the company's stock worth $256,970,000 after purchasing an additional 195,805 shares during the last quarter. 82.91% of the stock is owned by hedge funds and other institutional investors.
Toast Company Profile
(
Get Free Report)
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.
Further Reading
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