Mayflower Financial Advisors LLC Buys 2,555 Shares of Toast, Inc. $TOST

Mayflower Financial Advisors LLC boosted its stake in Toast, Inc. (NYSE:TOST) by 25.6% in the second quarter, HoldingsChannel reports. The firm owned 12,532 shares of the company’s stock after acquiring an additional 2,555 shares during the period. Mayflower Financial Advisors LLC’s holdings in Toast were worth $555,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TOST. IFM Investors Pty Ltd grew its stake in Toast by 29.2% in the second quarter. IFM Investors Pty Ltd now owns 83,803 shares of the company’s stock valued at $3,712,000 after acquiring an additional 18,950 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Toast by 5.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,092,210 shares of the company’s stock valued at $102,569,000 after acquiring an additional 153,723 shares during the period. Principal Financial Group Inc. grew its stake in Toast by 14,258.8% in the first quarter. Principal Financial Group Inc. now owns 5,474,443 shares of the company’s stock valued at $181,587,000 after acquiring an additional 5,436,317 shares during the period. Comerica Bank grew its stake in Toast by 122.9% in the first quarter. Comerica Bank now owns 76,644 shares of the company’s stock valued at $2,542,000 after acquiring an additional 42,266 shares during the period. Finally, Graham Capital Management L.P. grew its stake in Toast by 373.5% in the first quarter. Graham Capital Management L.P. now owns 43,778 shares of the company’s stock valued at $1,452,000 after acquiring an additional 34,532 shares during the period. Institutional investors own 82.91% of the company’s stock.

Insider Activity

In related news, CEO Aman Narang sold 13,652 shares of the stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $35.56, for a total transaction of $485,465.12. Following the completion of the transaction, the chief executive officer directly owned 318,150 shares of the company’s stock, valued at approximately $11,313,414. This represents a 4.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Elena Gomez sold 9,054 shares of the stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $35.56, for a total value of $321,960.24. Following the transaction, the chief financial officer directly owned 149,572 shares of the company’s stock, valued at $5,318,780.32. This trade represents a 5.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 62,196 shares of company stock valued at $2,398,513. Corporate insiders own 12.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TOST. Weiss Ratings reissued a “hold (c)” rating on shares of Toast in a research note on Wednesday, October 8th. Truist Financial set a $47.00 target price on Toast in a research note on Friday, October 24th. Wall Street Zen upgraded Toast from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Keefe, Bruyette & Woods cut their target price on Toast from $50.00 to $42.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 1st. Finally, Citigroup upgraded Toast to a “strong-buy” rating in a research note on Thursday, October 23rd. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $46.17.

Toast Stock Performance

Shares of NYSE TOST opened at $35.74 on Thursday. The stock has a 50 day moving average price of $39.40 and a 200 day moving average price of $41.32. Toast, Inc. has a 52 week low of $28.12 and a 52 week high of $49.66. The stock has a market capitalization of $18.23 billion, a PE ratio of 105.11 and a beta of 1.94.

Toast (NYSE:TOST) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.10). Toast had a net margin of 4.07% and a return on equity of 14.19%. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period last year, the company posted $0.02 earnings per share. The business’s revenue for the quarter was up 24.8% on a year-over-year basis. As a group, research analysts forecast that Toast, Inc. will post 0.39 EPS for the current year.

Toast Company 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.