Toast, Inc. (NYSE:TOST – Get Rating) CEO Christopher P. Comparato sold 33,336 shares of the firm's stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of $18.95, for a total transaction of $631,717.20. Following the completion of the transaction, the chief executive officer now owns 288,936 shares of the company's stock, valued at $5,475,337.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Toast Stock Down 2.7 %
Shares of NYSE TOST opened at $17.77 on Friday. Toast, Inc. has a 52 week low of $11.91 and a 52 week high of $69.93. The firm's fifty day moving average is $17.89 and its 200 day moving average is $17.23. The company has a market cap of $9.10 billion and a price-to-earnings ratio of -11.18.
Get Toast alerts:Analyst Ratings Changes
Several equities research analysts have issued reports on the stock. Mizuho lifted their target price on shares of Toast from $18.00 to $22.00 and gave the company a "neutral" rating in a research report on Monday, August 15th. Morgan Stanley lifted their target price on shares of Toast from $27.00 to $29.00 and gave the company an "overweight" rating in a research report on Friday, August 12th. Piper Sandler lifted their target price on shares of Toast from $22.00 to $26.00 and gave the company an "overweight" rating in a research report on Friday, August 12th. Credit Suisse Group lifted their target price on shares of Toast from $18.00 to $20.50 and gave the company a "neutral" rating in a research report on Friday, August 12th. Finally, Wells Fargo & Company dropped their target price on shares of Toast from $27.00 to $23.00 and set an "overweight" rating for the company in a research report on Thursday, September 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $29.59.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. American International Group Inc. purchased a new position in shares of Toast in the second quarter worth $46,000. Brown Brothers Harriman & Co. purchased a new position in shares of Toast in the second quarter worth $72,000. Captrust Financial Advisors increased its stake in shares of Toast by 44.8% in the first quarter. Captrust Financial Advisors now owns 4,866 shares of the company's stock worth $106,000 after buying an additional 1,505 shares during the period. SG Americas Securities LLC purchased a new position in shares of Toast in the second quarter worth $118,000. Finally, Ellevest Inc. purchased a new position in shares of Toast in the first quarter worth $142,000. 45.65% of the stock is owned by hedge funds and other institutional investors.About Toast
(Get Rating)
Toast, Inc operates a cloud-based and digital technology platform for the restaurant industry in the United States and Ireland. The company offers Toast Point of Sale (POS), a hardware product; Toast Order & Pay, which allows guests to order and pay from their mobile devices; Toast Flex that is used for on-counter order and pay, as well as used as a server station, guest kiosk, kitchen display system, or order fulfillment station; Toast Go, a handheld POS device that enhances the table turn times through tableside ordering and payment acceptance; and Toast Tap, a card reader.
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