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Toast (NYSE:TOST - Get Rating) is scheduled to issue its quarterly earnings data after the market closes on Thursday, August 11th. Analysts expect the company to announce earnings of ($0.24) per share for the quarter. Toast has set its Q2 2022 guidance at EPS and its FY 2022 guidance at EPS.Parties interested in registering for the company's conference call can do so using this link.
Toast (NYSE:TOST - Get Rating) last released its earnings results on Thursday, May 12th. The company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.04. The business had revenue of $535.00 million for the quarter, compared to analyst estimates of $487.42 million. On average, analysts expect Toast to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year. Toast Stock Performance
Shares of NYSE:TOST opened at $16.70 on Thursday. Toast has a 52 week low of $11.91 and a 52 week high of $69.93. The firm has a 50 day simple moving average of $14.80 and a 200 day simple moving average of $18.12. Insider Activity at Toast
In related news, CFO Elena Gomez sold 2,009 shares of the firm's stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $15.44, for a total value of $31,018.96. Following the transaction, the chief financial officer now directly owns 72,959 shares in the company, valued at approximately $1,126,486.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Toast news, CFO Elena Gomez sold 2,009 shares of the firm's stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $15.44, for a total value of $31,018.96. Following the sale, the chief financial officer now directly owns 72,959 shares in the company, valued at approximately $1,126,486.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christopher P. Comparato sold 2,377 shares of the firm's stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $15.44, for a total transaction of $36,700.88. Following the completion of the sale, the chief executive officer now owns 322,272 shares in the company, valued at $4,975,879.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,602,196 shares of company stock worth $210,031,428. 20.16% of the stock is owned by insiders. Hedge Funds Weigh In On Toast
Hedge funds and other institutional investors have recently made changes to their positions in the business. Captrust Financial Advisors lifted its holdings in shares of Toast by 44.8% during the 1st quarter. Captrust Financial Advisors now owns 4,866 shares of the company's stock worth $106,000 after acquiring an additional 1,505 shares during the period. AJ Wealth Strategies LLC bought a new position in shares of Toast during the 1st quarter worth about $249,000. Cresset Asset Management LLC bought a new position in shares of Toast during the 1st quarter worth about $330,000. Dynamic Technology Lab Private Ltd bought a new position in Toast during the 1st quarter valued at about $385,000. Finally, Citigroup Inc. bought a new position in Toast during the 1st quarter valued at about $438,000. 38.86% of the stock is owned by institutional investors. Analyst Ratings Changes
Several equities research analysts recently commented on TOST shares. Morgan Stanley reduced their price target on shares of Toast from $33.00 to $27.00 and set an "overweight" rating for the company in a research report on Tuesday, July 12th. Canaccord Genuity Group reduced their price target on shares of Toast from $34.00 to $25.00 in a research report on Friday, May 13th. Wells Fargo & Company cut their target price on shares of Toast from $29.00 to $23.00 and set an "overweight" rating for the company in a research report on Thursday, July 14th. Mizuho cut their target price on shares of Toast from $19.00 to $18.00 and set a "na" rating for the company in a research report on Tuesday, May 17th. Finally, KeyCorp cut their target price on shares of Toast from $25.00 to $18.00 and set an "overweight" rating for the company in a research report on Thursday, July 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $29.53.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.Featured ArticlesGet a free copy of the StockNews.com research report on Toast (TOST)Is Starbucks Shooting For The Moon? PayPal Continues To Struggle As Competition IncreasesTwo High-Yield Deep-Values You Shouldn’t Ignore Is Nike An Undervalued Opportunity for Investors?Caterpillar Falls To Strong Support Near Bottom Of Range
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