William Blair investment analysts recently released their estimates for Toast stock (TOST:NYE) Q1 2023 earnings per share (EPS), with a projection of ($0.17) per share.
In addition, William Blair released estimates for Toast’s earnings in Q2 2023 of ($0.14) per share, Q3 2023 of ($0.12) per share, and Q4 2023 of ($0.11) per share. Toast reported earnings for the fourth quarter of 2022 on February 16, which included a loss of ($0.19) per share, ($0.01) below the consensus estimate of ($0.18). Toast’s sales for the fourth quarter of 2022 were $769 million, a 50.2% increase over the same quarter the previous year. As of February 20th, TOST stock was trading at $19.48, down 2.7%.
Toast has a market cap of $9.97 billion, a P/E ratio of -28.23, and a beta of 1.77. The firm’s 12-month low as $11.91 and its 12-month high was $26.03. In the previous ninety days, Toast insiders have sold a total of 8,467,736 shares of Toast stock worth $154,792,689. Insiders now own 20.16% of the TOST stock.
Alliancebernstein L.P. boosted its stake in Toast stock shares by 1.7% in the fourth quarter, acquiring an additional 2,605 shares for a total of 156,380 shares of the TOST stock valued at $2,820,000. Public Employees Retirement System of Ohio boosted its position in Toast shares by 4.9% in the fourth quarter, acquiring an additional 6,064 shares for a total of 130,695 shares of the company’s stock valued at $2,356,000.
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. It also provides kitchen display system software that connects the front of the house with the kitchen staff.
In addition, the company offers Toast Online Ordering & Toast TakeOut app, a software-based platform that provides restaurants to take off-premises orders directly through their branded website.The company was incorporated in 2011 and is headquartered in Boston, Massachusetts.