Elo Mutual Pension Insurance Co Increases Position in Toast, Inc. $TOST

Elo Mutual Pension Insurance Co lifted its holdings in shares of Toast, Inc. (NYSE:TOST) by 41.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,678 shares of the company’s stock after buying an additional 16,827 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Toast were worth $2,555,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TOST. IFM Investors Pty Ltd increased its stake in shares of Toast by 29.2% during the second quarter. IFM Investors Pty Ltd now owns 83,803 shares of the company’s stock worth $3,712,000 after purchasing an additional 18,950 shares in the last quarter. K.J. Harrison & Partners Inc purchased a new position in Toast in the 2nd quarter valued at about $1,329,000. Charles Schwab Investment Management Inc. boosted its holdings in Toast by 5.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,092,210 shares of the company’s stock worth $102,569,000 after buying an additional 153,723 shares during the last quarter. Comerica Bank boosted its holdings in Toast by 122.9% in the 1st quarter. Comerica Bank now owns 76,644 shares of the company’s stock worth $2,542,000 after buying an additional 42,266 shares during the last quarter. Finally, Graham Capital Management L.P. increased its stake in Toast by 373.5% during the 1st quarter. Graham Capital Management L.P. now owns 43,778 shares of the company’s stock worth $1,452,000 after buying an additional 34,532 shares in the last quarter. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Toast Price Performance

Shares of NYSE TOST opened at $33.53 on Thursday. The company has a market capitalization of $17.27 billion, a P/E ratio of 77.97 and a beta of 1.94. The company has a 50 day simple moving average of $36.69 and a 200-day simple moving average of $41.32. Toast, Inc. has a 1 year low of $28.12 and a 1 year high of $49.66.

Toast (NYSE:TOST) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.58 billion. Toast had a net margin of 4.68% and a return on equity of 15.77%. The company’s revenue was up 25.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.07 earnings per share. As a group, research analysts expect that Toast, Inc. will post 0.39 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Aman Narang sold 13,652 shares of the business’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $35.56, for a total value of $485,465.12. Following the sale, the chief executive officer directly owned 318,150 shares in the company, valued at approximately $11,313,414. The trade was a 4.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Jonathan Vassil sold 6,530 shares of the stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $35.56, for a total transaction of $232,206.80. Following the transaction, the executive directly owned 69,932 shares of the company’s stock, valued at approximately $2,486,781.92. This trade represents a 8.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 49,759 shares of company stock worth $1,769,270. Corporate insiders own 12.14% of the company’s stock.

Analysts Set New Price Targets

TOST has been the topic of a number of research analyst reports. UBS Group lowered their price target on Toast from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. Keefe, Bruyette & Woods lowered their target price on shares of Toast from $50.00 to $42.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 1st. The Goldman Sachs Group dropped their target price on shares of Toast from $51.00 to $41.00 and set a “neutral” rating for the company in a report on Monday, October 13th. Robert W. Baird decreased their price target on shares of Toast from $48.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Finally, Truist Financial lowered their price target on shares of Toast from $47.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, November 13th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $45.29.

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.