27,735 Shares in Toast, Inc. $TOST Purchased by Strs Ohio

Strs Ohio bought a new position in shares of Toast, Inc. (NYSE:TOST - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 27,735 shares of the company's stock, valued at approximately $920,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wayfinding Financial LLC purchased a new position in Toast during the first quarter worth about $34,000. Piscataqua Savings Bank grew its position in Toast by 57.1% during the first quarter. Piscataqua Savings Bank now owns 1,100 shares of the company's stock worth $36,000 after buying an additional 400 shares in the last quarter. West Branch Capital LLC grew its position in Toast by 862.1% during the first quarter. West Branch Capital LLC now owns 1,116 shares of the company's stock worth $37,000 after buying an additional 1,000 shares in the last quarter. SBI Securities Co. Ltd. grew its position in Toast by 29.2% during the first quarter. SBI Securities Co. Ltd. now owns 1,257 shares of the company's stock worth $42,000 after buying an additional 284 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in Toast by 227.1% during the first quarter. Signaturefd LLC now owns 1,472 shares of the company's stock worth $49,000 after purchasing an additional 1,022 shares during the last quarter. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Toast

In other news, CFO Elena Gomez sold 34,170 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $42.56, for a total value of $1,454,275.20. Following the completion of the transaction, the chief financial officer owned 139,357 shares of the company's stock, valued at approximately $5,931,033.92. This represents a 19.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Stephen Fredette sold 7,647 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $42.59, for a total value of $325,685.73. Following the completion of the transaction, the president directly owned 889,017 shares of the company's stock, valued at $37,863,234.03. This represents a 0.85% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 88,342 shares of company stock worth $3,804,710. 12.14% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group upped their price objective on Toast from $45.00 to $51.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. JPMorgan Chase & Co. upped their price objective on Toast from $42.00 to $52.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Morgan Stanley upped their price objective on Toast from $50.00 to $54.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Citigroup reiterated a "buy" rating on shares of Toast in a report on Wednesday, July 16th. Finally, Jefferies Financial Group upped their price objective on Toast from $50.00 to $54.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Fifteen analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $46.30.

Toast Price Performance

TOST opened at $41.48 on Friday. The business has a 50 day simple moving average of $44.29 and a two-hundred day simple moving average of $40.54. The firm has a market capitalization of $21.15 billion, a price-to-earnings ratio of 122.00 and a beta of 2.00. Toast, Inc. has a one year low of $26.63 and a one year high of $49.66.

Toast (NYSE:TOST - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.10). Toast had a return on equity of 14.19% and a net margin of 4.07%.The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the prior year, the company posted $0.02 EPS. The firm's revenue was up 24.8% on a year-over-year basis. As a group, sell-side analysts expect that Toast, Inc. will post 0.39 EPS for the current fiscal year.

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.

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