Toast, Inc. (NYSE:TOST) Shares Purchased by Raleigh Capital Management Inc.

Raleigh Capital Management Inc. raised its position in Toast, Inc. (NYSE:TOST) by 93.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,491 shares of the company’s stock after purchasing an additional 720 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Toast were worth $42,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. West Branch Capital LLC acquired a new stake in Toast in the second quarter worth about $26,000. LRI Investments LLC acquired a new stake in shares of Toast in the 1st quarter worth approximately $27,000. Toth Financial Advisory Corp acquired a new stake in shares of Toast in the 3rd quarter worth approximately $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Toast in the second quarter valued at approximately $33,000. Finally, 1620 Investment Advisors Inc. acquired a new position in shares of Toast during the second quarter valued at approximately $34,000. Institutional investors own 82.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TOST shares. Robert W. Baird upped their target price on Toast from $28.00 to $30.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Stephens raised their target price on Toast from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. lifted their target price on Toast from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. Needham & Company LLC reissued a “buy” rating and issued a $30.00 price target on shares of Toast in a report on Wednesday, August 7th. Finally, Wedbush raised shares of Toast to a “strong-buy” rating in a research note on Friday, September 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $28.94.

Insider Buying and Selling

In related news, General Counsel Brian R. Elworthy sold 300,000 shares of the firm’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $30.39, for a total value of $9,117,000.00. Following the transaction, the general counsel now directly owns 177,836 shares in the company, valued at approximately $5,404,436.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, General Counsel Brian R. Elworthy sold 300,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the general counsel now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Aman Narang sold 1,856 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $24.00, for a total value of $44,544.00. Following the completion of the transaction, the chief executive officer now directly owns 1,132,708 shares of the company’s stock, valued at approximately $27,184,992. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,387,269 shares of company stock worth $38,394,140. 13.32% of the stock is currently owned by insiders.

Toast Trading Down 0.4 %

Shares of NYSE TOST opened at $29.25 on Thursday. Toast, Inc. has a one year low of $13.77 and a one year high of $30.70. The business has a 50-day moving average price of $26.55 and a two-hundred day moving average price of $25.29. The firm has a market capitalization of $13.25 billion, a PE ratio of -58.50 and a beta of 1.76.

Toast (NYSE:TOST) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. Toast had a negative return on equity of 11.27% and a negative net margin of 3.10%. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the firm earned ($0.19) earnings per share. The business’s revenue for the quarter was up 27.0% on a year-over-year basis. Research analysts anticipate that Toast, Inc. will post -0.1 EPS for the current year.

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.