Toast, Inc. $TOST Holdings Cut by AG2R LA Mondiale Gestion D Actifs

AG2R LA Mondiale Gestion D Actifs lowered its holdings in Toast, Inc. (NYSE:TOST) by 7.1% during the second quarter, HoldingsChannel.com reports. The fund owned 22,350 shares of the company’s stock after selling 1,711 shares during the period. AG2R LA Mondiale Gestion D Actifs’ holdings in Toast were worth $990,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of TOST. Ameritas Advisory Services LLC bought a new position in Toast in the second quarter worth about $31,000. Wayfinding Financial LLC bought a new stake in shares of Toast during the first quarter valued at approximately $34,000. REAP Financial Group LLC raised its holdings in shares of Toast by 173.3% during the second quarter. REAP Financial Group LLC now owns 798 shares of the company’s stock valued at $35,000 after buying an additional 506 shares during the last quarter. SBI Securities Co. Ltd. raised its holdings in shares of Toast by 29.2% during the first quarter. SBI Securities Co. Ltd. now owns 1,257 shares of the company’s stock valued at $42,000 after buying an additional 284 shares during the last quarter. Finally, Cullen Frost Bankers Inc. raised its holdings in shares of Toast by 1,383.8% during the second quarter. Cullen Frost Bankers Inc. now owns 1,009 shares of the company’s stock valued at $45,000 after buying an additional 941 shares during the last quarter. Institutional investors own 82.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TOST shares. Citigroup raised Toast to a “strong-buy” rating in a report on Thursday. Morgan Stanley lifted their price target on Toast from $50.00 to $54.00 and gave the company an “overweight” rating in a report on Wednesday, August 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Toast in a report on Friday. The Goldman Sachs Group cut their price target on Toast from $51.00 to $41.00 and set a “neutral” rating on the stock in a report on Monday, October 13th. Finally, Robert W. Baird cut their price target on Toast from $48.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $46.17.

Toast Stock Performance

Shares of NYSE:TOST opened at $38.32 on Monday. Toast, Inc. has a one year low of $28.12 and a one year high of $49.66. The company has a market capitalization of $19.54 billion, a PE ratio of 112.71 and a beta of 1.94. The stock has a fifty day moving average of $39.70 and a 200-day moving average of $41.25.

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

Insider Buying and Selling

In related news, Director Paul D. Bell sold 12,500 shares of the business’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $42.38, for a total transaction of $529,750.00. Following the transaction, the director owned 226,892 shares of the company’s stock, valued at approximately $9,615,682.96. The trade was a 5.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CRO Jonathan Vassil sold 6,530 shares of the stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $35.56, for a total transaction of $232,206.80. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 62,196 shares of company stock worth $2,398,513. 12.14% of the stock is currently owned by company insiders.

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.