Toast, Inc. (NYSE:TOST) Shares Purchased by WoodTrust Financial Corp

WoodTrust Financial Corp lifted its stake in Toast, Inc. (NYSE:TOST) by 4.8% in the 3rd quarter, Holdings Channel reports. The firm owned 44,000 shares of the company’s stock after purchasing an additional 2,000 shares during the quarter. WoodTrust Financial Corp’s holdings in Toast were worth $1,245,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stephens Investment Management Group LLC raised its position in Toast by 13.1% during the third quarter. Stephens Investment Management Group LLC now owns 1,884,771 shares of the company’s stock worth $53,358,000 after acquiring an additional 218,959 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in Toast during the first quarter worth about $5,078,000. QRG Capital Management Inc. raised its position in Toast by 39.7% during the second quarter. QRG Capital Management Inc. now owns 84,967 shares of the company’s stock worth $2,190,000 after acquiring an additional 24,164 shares during the last quarter. Epoch Investment Partners Inc. acquired a new position in Toast during the first quarter worth about $633,000. Finally, Duality Advisers LP acquired a new position in Toast during the first quarter worth about $1,172,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Wall Street Analyst Weigh In

TOST has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Toast from $24.00 to $30.00 and gave the stock a “hold” rating in a research report on Monday. Morgan Stanley lifted their price target on shares of Toast from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Needham & Company LLC reiterated a “buy” rating and set a $30.00 price target on shares of Toast in a report on Wednesday, August 7th. Bank of America lifted their price target on shares of Toast from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $27.00 price target on shares of Toast in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $29.30.

Toast Stock Up 4.3 %

Shares of TOST stock opened at $32.14 on Thursday. The stock has a market cap of $14.82 billion, a price-to-earnings ratio of -110.82 and a beta of 1.74. Toast, Inc. has a fifty-two week low of $13.77 and a fifty-two week high of $32.15. The firm’s 50 day moving average price is $27.78 and its two-hundred day moving average price is $25.81.

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

Insider Transactions at Toast

In other news, CRO Jonathan Vassil sold 1,367 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $31.08, for a total transaction of $42,486.36. Following the transaction, the executive now directly owns 39,834 shares of the company’s stock, valued at approximately $1,238,040.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO Elena Gomez sold 1,917 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $31.08, for a total transaction of $59,580.36. Following the transaction, the chief financial officer now directly owns 159,615 shares of the company’s stock, valued at approximately $4,960,834.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO Jonathan Vassil sold 1,367 shares of the business’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $31.08, for a total transaction of $42,486.36. Following the transaction, the executive now directly owns 39,834 shares in the company, valued at approximately $1,238,040.72. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,375,651 shares of company stock valued at $38,150,212. Corporate 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.