TABR Capital Management LLC Invests $987,000 in Toast, Inc. $TOST

TABR Capital Management LLC bought a new stake in Toast, Inc. (NYSE:TOST) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 27,785 shares of the company’s stock, valued at approximately $987,000.

Several other hedge funds have also recently added to or reduced their stakes in TOST. Wynn Capital LLC boosted its position in Toast by 2.1% during the 4th quarter. Wynn Capital LLC now owns 13,755 shares of the company’s stock worth $488,000 after acquiring an additional 280 shares during the period. Bridgewater Advisors Inc. increased its holdings in shares of Toast by 2.3% during the third quarter. Bridgewater Advisors Inc. now owns 13,107 shares of the company’s stock valued at $472,000 after purchasing an additional 294 shares during the period. Purus Wealth Management LLC increased its holdings in shares of Toast by 5.8% during the third quarter. Purus Wealth Management LLC now owns 6,002 shares of the company’s stock valued at $219,000 after purchasing an additional 330 shares during the period. Investment Management Corp VA ADV raised its stake in shares of Toast by 2.4% during the third quarter. Investment Management Corp VA ADV now owns 14,192 shares of the company’s stock valued at $518,000 after purchasing an additional 339 shares in the last quarter. Finally, BOKF NA raised its stake in shares of Toast by 4.5% during the third quarter. BOKF NA now owns 8,023 shares of the company’s stock valued at $293,000 after purchasing an additional 345 shares in the last quarter. Institutional investors own 82.91% of the company’s stock.

Toast Stock Down 1.8%

Shares of TOST stock opened at $28.65 on Wednesday. The stock has a 50-day simple moving average of $27.45 and a 200 day simple moving average of $32.34. The stock has a market capitalization of $15.01 billion, a P/E ratio of 53.06 and a beta of 1.90. Toast, Inc. has a fifty-two week low of $24.35 and a fifty-two week high of $49.66.

Toast (NYSE:TOST) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.08). Toast had a return on equity of 18.14% and a net margin of 5.56%.The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter last year, the firm posted $0.05 earnings per share. Toast’s revenue was up 22.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Toast, Inc. will post 0.81 earnings per share for the current year.

Toast declared that its Board of Directors has initiated a share buyback program on Thursday, February 12th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Evercore upgraded shares of Toast from an “in-line” rating to an “outperform” rating and set a $40.00 target price for the company in a research report on Tuesday, January 20th. Canaccord Genuity Group set a $37.00 price target on shares of Toast in a research report on Friday, February 13th. UBS Group set a $40.00 price target on shares of Toast in a research note on Friday, February 13th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Toast in a report on Monday, December 29th. Finally, DA Davidson lowered their price objective on shares of Toast from $36.00 to $33.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 17th. Seventeen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.48.

Insiders Place Their Bets

In other Toast news, CFO Elena Gomez sold 8,929 shares of Toast stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $26.19, for a total value of $233,850.51. Following the transaction, the chief financial officer owned 173,064 shares in the company, valued at approximately $4,532,546.16. The trade was a 4.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Brian R. Elworthy sold 3,664 shares of Toast stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $26.19, for a total transaction of $95,960.16. Following the completion of the transaction, the general counsel owned 243,642 shares in the company, valued at approximately $6,380,983.98. This trade represents a 1.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 46,030 shares of company stock worth $1,231,451. Company insiders own 12.14% of the company’s stock.

Toast Company Profile

Toast, Inc (NYSE: TOST) is a technology company that builds a cloud-based platform for restaurants and other foodservice businesses. Headquartered in Boston, Massachusetts, Toast offers integrated point-of-sale (POS) systems and a suite of software and hardware designed to streamline front-of-house and back-of-house operations. The company went public in 2021 and has positioned itself as a vertically integrated provider for the restaurant industry.

Toast’s product portfolio includes touchscreen POS terminals and handheld order-and-pay devices, kitchen display systems, and peripherals tailored for high-volume foodservice environments.