Brian R. Elworthy Sells 2,573 Shares of Toast, Inc. (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) General Counsel Brian R. Elworthy sold 2,573 shares of the company’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $25.64, for a total value of $65,971.72. Following the transaction, the general counsel now directly owns 170,531 shares of the company’s stock, valued at approximately $4,372,414.84. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Toast Price Performance

Shares of TOST opened at $25.31 on Friday. Toast, Inc. has a twelve month low of $13.77 and a twelve month high of $27.90. The firm has a 50 day moving average of $24.72 and a 200 day moving average of $22.25.

Toast (NYSE:TOST) last posted its earnings results on Tuesday, May 7th. The company reported ($0.15) EPS for the quarter, hitting analysts’ consensus estimates of ($0.15). The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.04 billion. Toast had a negative return on equity of 21.45% and a negative net margin of 6.02%. The company’s quarterly revenue was up 31.3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.16) EPS. On average, equities research analysts predict that Toast, Inc. will post -0.14 EPS for the current fiscal year.

Hedge Funds Weigh In On Toast

A number of institutional investors and hedge funds have recently made changes to their positions in TOST. Envestnet Asset Management Inc. boosted its stake in shares of Toast by 306.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 262,968 shares of the company’s stock worth $4,925,000 after acquiring an additional 198,192 shares during the last quarter. Invesco Ltd. raised its holdings in Toast by 129.4% in the 3rd quarter. Invesco Ltd. now owns 704,621 shares of the company’s stock worth $13,198,000 after purchasing an additional 397,490 shares during the period. Mariner LLC lifted its position in Toast by 19.9% during the third quarter. Mariner LLC now owns 42,259 shares of the company’s stock valued at $792,000 after purchasing an additional 7,022 shares in the last quarter. Northern Trust Corp grew its holdings in Toast by 12.9% during the third quarter. Northern Trust Corp now owns 2,160,008 shares of the company’s stock valued at $40,457,000 after purchasing an additional 247,484 shares during the period. Finally, Treasurer of the State of North Carolina increased its position in Toast by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 155,598 shares of the company’s stock worth $2,914,000 after buying an additional 790 shares in the last quarter. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on TOST. Wells Fargo & Company lifted their price target on shares of Toast from $17.00 to $19.00 and gave the company an “underweight” rating in a report on Wednesday, May 8th. Mizuho raised their price objective on shares of Toast from $17.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, May 9th. Needham & Company LLC reiterated a “buy” rating and set a $30.00 target price on shares of Toast in a report on Thursday, May 30th. The Goldman Sachs Group raised their target price on Toast from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Monday, April 15th. Finally, Baird R W cut Toast from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $26.14.

About Toast

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.