Taylor Frigon Capital Management LLC Buys Shares of 45,100 Toast, Inc. (NYSE:TOST)

Taylor Frigon Capital Management LLC bought a new stake in Toast, Inc. (NYSE:TOST) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 45,100 shares of the company’s stock, valued at approximately $1,277,000.

Several other large investors have also recently bought and sold shares of the company. West Branch Capital LLC acquired a new stake in shares of Toast in the second quarter valued at about $26,000. LRI Investments LLC acquired a new stake in Toast during the first quarter worth approximately $27,000. Toth Financial Advisory Corp bought a new position in Toast in the third quarter worth approximately $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Toast in the second quarter valued at approximately $33,000. Finally, 1620 Investment Advisors Inc. bought a new stake in Toast during the second quarter worth $34,000. 82.91% of the stock is currently owned by institutional investors.

Toast Trading Up 1.2 %

Shares of TOST stock traded up $0.36 during trading hours on Thursday, hitting $29.61. The stock had a trading volume of 1,395,050 shares, compared to its average volume of 7,101,331. Toast, Inc. has a one year low of $13.77 and a one year high of $30.70. The stock’s 50-day moving average price is $26.55 and its two-hundred day moving average price is $25.29.

Toast (NYSE:TOST) last announced its earnings results on Tuesday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.04. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. Toast had a negative return on equity of 11.27% and a negative net margin of 3.10%. The company’s revenue for the quarter was up 27.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.19) earnings per share. Equities research analysts predict that Toast, Inc. will post -0.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TOST has been the subject of a number of recent research reports. Robert W. Baird raised their target price on Toast from $28.00 to $30.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Stephens lifted their price target on Toast from $28.00 to $30.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. Mizuho upgraded Toast from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $21.00 to $33.00 in a research report on Thursday, July 18th. Needham & Company LLC restated a “buy” rating and set a $30.00 target price on shares of Toast in a research report on Wednesday, August 7th. Finally, Bank of America boosted their target price on Toast from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $28.94.

Insider Activity at Toast

In other Toast news, CRO Jonathan Vassil sold 50,000 shares of the company’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $30.39, for a total value of $1,519,500.00. Following the sale, the executive now directly owns 38,266 shares of the company’s stock, valued at approximately $1,162,903.74. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Aman Narang sold 1,856 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $24.00, for a total transaction of $44,544.00. Following the completion of the sale, the chief executive officer now owns 1,132,708 shares in the company, valued at $27,184,992. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Jonathan Vassil sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $30.39, for a total value of $1,519,500.00. Following the completion of the sale, the executive now owns 38,266 shares of the company’s stock, valued at approximately $1,162,903.74. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,387,269 shares of company stock valued at $38,394,140 in the last ninety days. Company insiders own 13.32% of the company’s stock.

Toast Profile

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.