True Vision MN LLC Has $363,000 Holdings in Toast, Inc. $TOST

True Vision MN LLC increased its holdings in Toast, Inc. (NYSE:TOST) by 3.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,186 shares of the company’s stock after acquiring an additional 285 shares during the period. True Vision MN LLC’s holdings in Toast were worth $363,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. IFM Investors Pty Ltd increased its stake in Toast by 29.2% in the 2nd quarter. IFM Investors Pty Ltd now owns 83,803 shares of the company’s stock valued at $3,712,000 after buying an additional 18,950 shares during the last quarter. Procyon Advisors LLC purchased a new stake in Toast in the 1st quarter valued at about $242,000. Charles Schwab Investment Management Inc. increased its stake in Toast by 5.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,092,210 shares of the company’s stock valued at $102,569,000 after buying an additional 153,723 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Toast by 19.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 22,751 shares of the company’s stock valued at $829,000 after buying an additional 3,713 shares during the last quarter. Finally, Yorktown Management & Research Co Inc purchased a new stake in Toast in the 1st quarter valued at about $252,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Toast Trading Up 0.9%

TOST opened at $36.98 on Tuesday. The company has a 50 day moving average of $42.08 and a 200 day moving average of $40.86. The company has a market cap of $18.86 billion, a PE ratio of 108.76 and a beta of 1.94. Toast, Inc. has a 12 month low of $27.65 and a 12 month high of $49.66.

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

Insider Buying and Selling

In related news, CRO Jonathan Vassil sold 6,530 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $35.56, for a total value of $232,206.80. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Stephen Fredette sold 7,550 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $35.56, for a total transaction of $268,478.00. Following the completion of the transaction, the president directly owned 898,475 shares of the company’s stock, valued at approximately $31,949,771. This trade represents a 0.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 62,196 shares of company stock worth $2,398,513 in the last 90 days. 12.14% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on TOST. Truist Financial increased their price objective on shares of Toast from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, July 17th. Wells Fargo & Company began coverage on shares of Toast in a research note on Wednesday, July 16th. They issued a “buy” rating for the company. The Goldman Sachs Group increased their price objective on shares of Toast from $45.00 to $51.00 and gave the company a “neutral” rating in a research note on Wednesday, August 6th. Jefferies Financial Group increased their target price on shares of Toast from $50.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Finally, Morgan Stanley increased their target price on shares of Toast from $50.00 to $54.00 and gave the company an “overweight” rating in a research report on Wednesday, August 6th. Fifteen analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, Toast has a consensus rating of “Moderate Buy” and a consensus price target of $45.78.

Toast Company 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.