Toast, Inc. $TOST Shares Newly Bought by Stableford Capital II LLC

Stableford Capital II LLC bought a new stake in shares of Toast, Inc. (NYSE:TOST) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 59,468 shares of the company’s stock, valued at approximately $1,724,000.

A number of other institutional investors have also recently made changes to their positions in the business. GAMMA Investing LLC raised its position in Toast by 189.5% during the third quarter. GAMMA Investing LLC now owns 12,224 shares of the company’s stock valued at $354,000 after purchasing an additional 8,001 shares during the period. Valeo Financial Advisors LLC purchased a new position in shares of Toast in the 3rd quarter worth approximately $230,000. Toth Financial Advisory Corp increased its position in shares of Toast by 16.9% during the 3rd quarter. Toth Financial Advisory Corp now owns 3,561 shares of the company’s stock valued at $103,000 after purchasing an additional 516 shares during the last quarter. Congress Asset Management Co. increased its position in shares of Toast by 46.3% during the 3rd quarter. Congress Asset Management Co. now owns 1,755,072 shares of the company’s stock valued at $50,880,000 after purchasing an additional 555,568 shares during the last quarter. Finally, Moody National Bank Trust Division raised its holdings in Toast by 17.0% during the 3rd quarter. Moody National Bank Trust Division now owns 50,298 shares of the company’s stock valued at $1,458,000 after buying an additional 7,298 shares during the period. Institutional investors own 82.91% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on TOST shares. Oppenheimer lifted their price objective on shares of Toast from $36.00 to $38.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Jefferies Financial Group set a $40.00 price objective on shares of Toast in a research report on Wednesday, August 5th. Robert W. Baird boosted their target price on Toast from $30.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. BMO Capital Markets increased their price target on Toast from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Finally, Sanford C. Bernstein raised their price target on Toast from $39.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Sixteen investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $39.12.

Toast Price Performance

TOST stock opened at $30.49 on Friday. Toast, Inc. has a 1-year low of $22.26 and a 1-year high of $39.72. The business has a 50-day moving average price of $32.91 and a 200 day moving average price of $29.04. The company has a market capitalization of $15.67 billion, a P/E ratio of 39.09 and a beta of 1.74.

Toast (NYSE:TOST) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.06). Toast had a net margin of 7.14% and a return on equity of 23.90%. The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the prior year, the firm posted $0.13 EPS. The company’s revenue for the quarter was up 23.1% compared to the same quarter last year. On average, analysts anticipate that Toast, Inc. will post 1 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Aman Narang sold 124,542 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $35.29, for a total value of $4,395,087.18. Following the completion of the transaction, the chief executive officer owned 175,458 shares of the company’s stock, valued at $6,191,912.82. The trade was a 41.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Jonathan Vassil sold 85,280 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $36.34, for a total value of $3,099,075.20. Following the sale, the executive directly owned 69,966 shares in the company, valued at $2,542,564.44. This trade represents a 54.93% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 534,830 shares of company stock valued at $18,566,600 over the last 90 days. Corporate insiders own 10.03% of the company’s stock.

Toast Company Profile

Toast, Inc (NYSE:TOST) provides a cloud-based technology platform designed for restaurants and other foodservice businesses. Its platform combines point-of-sale hardware and software with tools for payment processing, menu and order management, employee operations, inventory, reporting and customer engagement.

The company’s products and services support in-restaurant, online and delivery orders, as well as gift cards, loyalty programs, marketing and payroll-related functions. Toast also offers restaurant-specific hardware, including terminals, handheld devices, kitchen display systems and self-service kiosks, allowing businesses to manage operations through an integrated technology ecosystem.

Founded in 2011 and headquartered in Boston, Toast initially focused on helping restaurants replace traditional point-of-sale systems with cloud-based technology.