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In recent transactions, Brian R. Elworthy, the General Counsel of Toast , Inc. (NYSE:TOST), sold shares valued at approximately $101,319. The sale, which took place on April 2, 2025, involved 2,895 shares of Class A Common Stock at a price of $34.998 per share. The transaction comes as Toast’s stock has shown significant momentum, delivering a 53% return over the past year, though InvestingPro data indicates the stock has experienced notable volatility.
This transaction was part of a series of movements reported by Elworthy. On April 1, 2025, he acquired 8,721 shares through the vesting and conversion of Restricted Stock Units (RSUs) into Class A Common Stock. These acquisitions did not involve any cash exchange, as the RSUs converted on a one-for-one basis upon vesting. For deeper insights into insider trading patterns and their significance, InvestingPro offers comprehensive analysis in its Pro Research Report, available for over 1,400 US stocks.
According to the filing, the shares sold were required to cover tax withholding obligations related to the vesting of RSUs. Following these transactions, Elworthy holds a total of 215,032 shares directly and an additional 78,736 shares indirectly through the Brian R. Elworthy Irrevocable Trust of 2019. Toast, currently valued at $20.52 billion, maintains strong liquidity with a current ratio of 2.44, indicating robust financial health.
In other recent news, Toast Inc. has reported fourth-quarter earnings that exceeded expectations, prompting DA Davidson to raise its price target for the company from $38.00 to $42.00, although maintaining a Neutral rating. Toast’s revenue for the quarter was 2% higher than anticipated, and its adjusted EBITDA surpassed forecasts by 16%. The company also provided an optimistic outlook for 2025, projecting a 23%-25% year-over-year growth in Non-GAAP FinTech & Subscription gross profit and a 37%-42% increase in adjusted EBITDA. In a separate analysis, UBS maintained a Buy rating for Toast with a $47.00 price target, citing confidence in the company’s growth targets, particularly in international markets and enterprise locations. Meanwhile, Piper Sandler reiterated a Neutral rating with a $35.00 target, noting Toast’s strong growth and profitability in 2024 and its strategic investments planned for 2025. Additionally, Bernstein analysts highlighted potential high single-digit negative revisions in gross profit and double-digit EPS revisions for Toast in a recession scenario, reflecting the company’s exposure to new business formation and discretionary spending. These developments underscore varying analyst perspectives on Toast’s future performance amid its recent financial achievements and strategic plans.
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