17,830 Shares of Toast, Inc. $TOST Purchased by Total Wealth Planning & Management Inc.

Total Wealth Planning & Management Inc. bought a new stake in shares of Toast, Inc. (NYSE:TOST – Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 17,830 shares of the company’s stock, valued at approximately $517,000.

Other institutional investors also recently bought and sold shares of the company. Armstrong Advisory Group Inc. acquired a new position in Toast in the 3rd quarter valued at about $26,000. Ancora Advisors LLC acquired a new stake in shares of Toast during the second quarter worth about $31,000. Montag A & Associates Inc. lifted its position in shares of Toast by 172.0% during the first quarter. Montag A & Associates Inc. now owns 1,455 shares of the company’s stock worth $39,000 after purchasing an additional 920 shares in the last quarter. Harbor Investment Advisory LLC lifted its position in shares of Toast by 213.6% during the second quarter. Harbor Investment Advisory LLC now owns 1,568 shares of the company’s stock worth $44,000 after purchasing an additional 1,068 shares in the last quarter. Finally, Gables Capital Management Inc. purchased a new position in shares of Toast in the first quarter valued at approximately $58,000. 82.91% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Toast

In related news, CEO Aman Narang sold 124,542 shares of the company’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 transaction of $4,395,087.18. Following the sale, the chief executive officer directly owned 175,458 shares in the company, valued at approximately $6,191,912.82. This represents a 41.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 company’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $36.34, for a total transaction of $3,099,075.20. Following the sale, the executive owned 69,966 shares in the company, valued at $2,542,564.44. The trade was a 54.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 534,830 shares of company stock valued at $18,566,600. 10.03% of the stock is currently owned by corporate insiders.

Toast Price Performance

Shares of NYSE TOST opened at $32.71 on Monday. The stock’s 50-day moving average is $32.35 and its two-hundred day moving average is $29.45. Toast, Inc. has a 1-year low of $22.26 and a 1-year high of $39.72. The company has a market cap of $16.81 billion, a price-to-earnings ratio of 41.94 and a beta of 1.74.

Toast (NYSE:TOST – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.87 billion. Toast had a net margin of 7.14% and a return on equity of 23.90%. Toast’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.13 EPS. Equities research analysts anticipate that Toast, Inc. will post 1.00 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. UBS Group lifted their price objective on shares of Toast from $34.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Bank of America assumed coverage on shares of Toast in a report on Thursday, October 15th. They set a “buy” rating and a $40.00 target price on the stock. The Goldman Sachs Group upgraded shares of Toast from a “neutral” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Thursday, July 9th. BNP Paribas Exane cut shares of Toast from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $38.00 to $35.00 in a research report on Wednesday, September 2nd. Finally, Robert W. Baird boosted their price target on shares of Toast from $30.00 to $33.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Seventeen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.11.

View Our Latest Analysis on Toast

Toast Profile

(Free Report)

Toast, Inc (NYSE:TOST) provides a cloud-based technology platform designed for restaurants. Its integrated system combines point-of-sale software and hardware with payment processing, helping restaurants manage sales, orders, menus, guest interactions and day-to-day operations from a unified platform.

The company offers products and services including online ordering, delivery management, digital ordering and payment tools, restaurant websites, gift cards, loyalty programs, marketing, labor management, payroll, inventory management, reporting and analytics.

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Institutional Ownership by Quarter for Toast (NYSE:TOST)

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