Vontobel Holding Ltd. Acquires 1,089,269 Shares of Toast, Inc. $TOST

Vontobel Holding Ltd. increased its stake in Toast, Inc. (NYSE:TOST) by 9,671.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,100,532 shares of the company’s stock after purchasing an additional 1,089,269 shares during the quarter. Vontobel Holding Ltd. owned 0.22% of Toast worth $40,180,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TOST. Roundview Capital LLC increased its stake in Toast by 0.6% in the 2nd quarter. Roundview Capital LLC now owns 43,619 shares of the company’s stock worth $1,932,000 after acquiring an additional 245 shares during the last quarter. Cim LLC raised its stake in shares of Toast by 0.7% during the 2nd quarter. Cim LLC now owns 38,302 shares of the company’s stock worth $1,696,000 after acquiring an additional 273 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Toast by 7.2% during the second quarter. GAMMA Investing LLC now owns 4,139 shares of the company’s stock valued at $183,000 after acquiring an additional 278 shares in the last quarter. True Vision MN LLC raised its stake in Toast by 3.6% in the 2nd quarter. True Vision MN LLC now owns 8,186 shares of the company’s stock worth $363,000 after acquiring an additional 285 shares during the last quarter. Finally, Trinity Financial Advisors LLC boosted its holdings in shares of Toast by 2.5% in the 3rd quarter. Trinity Financial Advisors LLC now owns 12,094 shares of the company’s stock valued at $442,000 after acquiring an additional 296 shares during the last quarter. Institutional investors own 82.91% of the company’s stock.

Toast Stock Down 0.4%

Shares of TOST stock opened at $36.53 on Wednesday. The business has a 50-day moving average price of $35.89 and a two-hundred day moving average price of $40.24. Toast, Inc. has a 12-month low of $28.12 and a 12-month high of $49.66. The firm has a market cap of $18.81 billion, a P/E ratio of 84.95 and a beta of 1.94.

Toast (NYSE:TOST) last posted its quarterly earnings data on Tuesday, November 4th. 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 15.77% and a net margin of 4.68%.The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the previous year, the firm earned $0.07 EPS. The company’s revenue was up 25.1% on a year-over-year basis. As a group, research analysts expect that Toast, Inc. will post 0.39 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. BNP Paribas Exane raised Toast from a “neutral” rating to an “outperform” rating and set a $40.00 price objective on the stock in a research note on Monday, December 1st. Morgan Stanley raised their price target on Toast from $54.00 to $56.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 5th. Wall Street Zen raised Toast from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. JPMorgan Chase & Co. upgraded Toast from a “neutral” rating to an “overweight” rating and set a $43.00 price objective on the stock in a research report on Thursday, December 4th. Finally, BNP Paribas raised shares of Toast from a “hold” rating to an “outperform” rating and set a $40.00 target price for the company in a research report on Monday, December 1st. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $45.18.

Insider Transactions at Toast

In other Toast news, CEO Aman Narang sold 1,732 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $35.54, for a total value of $61,555.28. Following the sale, the chief executive officer owned 319,939 shares of the company’s stock, valued at $11,370,632.06. The trade was a 0.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Brian R. Elworthy sold 1,059 shares of the company’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $35.54, for a total transaction of $37,636.86. Following the completion of the transaction, the general counsel owned 229,017 shares of the company’s stock, valued at $8,139,264.18. This represents a 0.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 49,759 shares of company stock valued at $1,769,270 over the last three months. 12.14% of the stock is currently owned by corporate insiders.

Toast 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.