Toast, Inc. (NYSE:TOST) Holdings Raised by Values First Advisors Inc.

Values First Advisors Inc. boosted its stake in Toast, Inc. (NYSE:TOST) by 6.9% in the third quarter, Holdings Channel reports. The institutional investor owned 33,506 shares of the company’s stock after acquiring an additional 2,164 shares during the quarter. Values First Advisors Inc.’s holdings in Toast were worth $949,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. lifted its position in Toast by 2,889.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,829,995 shares of the company’s stock worth $108,427,000 after buying an additional 3,701,893 shares in the last quarter. Taylor Frigon Capital Management LLC acquired a new position in shares of Toast during the 3rd quarter worth $1,277,000. International Assets Investment Management LLC increased its stake in shares of Toast by 2,731.0% during the 3rd quarter. International Assets Investment Management LLC now owns 95,971 shares of the company’s stock worth $2,717,000 after purchasing an additional 92,581 shares during the last quarter. Private Advisor Group LLC grew its stake in Toast by 1.6% in the 3rd quarter. Private Advisor Group LLC now owns 28,151 shares of the company’s stock valued at $797,000 after buying an additional 441 shares during the last quarter. Finally, Raleigh Capital Management Inc. grew its stake in Toast by 93.4% in the 3rd quarter. Raleigh Capital Management Inc. now owns 1,491 shares of the company’s stock valued at $42,000 after buying an additional 720 shares during the last quarter. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Toast Stock Performance

Shares of TOST opened at $30.03 on Friday. Toast, Inc. has a twelve month low of $13.77 and a twelve month high of $30.70. The firm’s 50 day moving average price is $26.66 and its two-hundred day moving average price is $25.33. The firm has a market cap of $13.84 billion, a P/E ratio of -103.55 and a beta of 1.76.

Toast (NYSE:TOST) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.02 earnings per share for the quarter, beating 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 firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the firm posted ($0.19) earnings per share. The business’s revenue was up 27.0% on a year-over-year basis. On average, sell-side analysts anticipate that Toast, Inc. will post -0.1 earnings per share for the current fiscal year.

Insider Transactions at Toast

In other news, President Stephen Fredette sold 1,127 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $24.00, for a total value of $27,048.00. Following the sale, the president now owns 2,849,709 shares of the company’s stock, valued at $68,393,016. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Toast news, General Counsel Brian R. Elworthy sold 300,000 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 transaction of $9,117,000.00. Following the sale, the general counsel now directly owns 177,836 shares of the company’s stock, valued at approximately $5,404,436.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Stephen Fredette sold 1,127 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $24.00, for a total transaction of $27,048.00. Following the sale, the president now directly owns 2,849,709 shares in the company, valued at $68,393,016. This trade represents a 0.00 % decrease in their ownership of the stock. 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 over the last 90 days. 13.32% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TOST. Wedbush upgraded shares of Toast to a “strong-buy” rating in a research note on Friday, September 6th. Royal Bank of Canada restated a “sector perform” rating and issued a $27.00 price target on shares of Toast in a research report on Wednesday, August 7th. Morgan Stanley raised their price target on shares of Toast from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Tuesday. JPMorgan Chase & Co. raised their price objective on shares of Toast from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. Finally, Stephens raised their price objective on shares of Toast from $28.00 to $30.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $28.94.

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.