Toast, Inc. $TOST Shares Bought by Amundi

Amundi boosted its holdings in shares of Toast, Inc. (NYSE:TOST - Free Report) by 137.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 1,111,179 shares of the company's stock after purchasing an additional 642,792 shares during the period. Amundi owned approximately 0.22% of Toast worth $36,291,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Procyon Advisors LLC purchased a new position in Toast during the 1st quarter worth $242,000. Wealth Enhancement Advisory Services LLC grew its position in Toast by 19.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 22,751 shares of the company's stock worth $829,000 after purchasing an additional 3,713 shares during the last quarter. Yorktown Management & Research Co Inc purchased a new position in Toast during the 1st quarter worth $252,000. Charles Schwab Investment Management Inc. grew its position in Toast by 5.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,092,210 shares of the company's stock worth $102,569,000 after purchasing an additional 153,723 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in Toast by 14,258.8% during the 1st quarter. Principal Financial Group Inc. now owns 5,474,443 shares of the company's stock worth $181,587,000 after purchasing an additional 5,436,317 shares during the last quarter. 82.91% of the stock is owned by hedge funds and other institutional investors.

Toast Stock Down 2.6%

Shares of NYSE TOST traded down $1.08 during midday trading on Wednesday, hitting $39.84. The company had a trading volume of 10,767,254 shares, compared to its average volume of 7,454,505. Toast, Inc. has a twelve month low of $23.06 and a twelve month high of $49.66. The business has a 50-day simple moving average of $44.78 and a two-hundred day simple moving average of $40.42. The firm has a market capitalization of $20.32 billion, a price-to-earnings ratio of 117.19 and a beta of 2.00.

Toast (NYSE:TOST - Get Free Report) last announced 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). Toast had a net margin of 4.07% and a return on equity of 14.19%. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter last year, the business earned $0.02 EPS. The firm's revenue for the quarter was up 24.8% on a year-over-year basis. On average, equities analysts forecast that Toast, Inc. will post 0.39 EPS for the current year.

Insider Transactions at Toast

In related news, Director Paul D. Bell sold 12,500 shares of the firm's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $42.38, for a total value of $529,750.00. Following the completion of the sale, the director owned 226,892 shares in the company, valued at $9,615,682.96. This trade represents a 5.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Aman Narang sold 1,719 shares of the firm's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $48.38, for a total transaction of $83,165.22. Following the completion of the sale, the chief executive officer owned 304,300 shares of the company's stock, valued at $14,722,034. This trade represents a 0.56% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 88,342 shares of company stock valued at $3,804,710. 12.14% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Toast from $47.00 to $50.00 and gave the stock a "market perform" rating in a research report on Wednesday, August 6th. Wells Fargo & Company began coverage on shares of Toast in a research report on Wednesday, July 16th. They set a "buy" rating on the stock. Barclays restated an "overweight" rating on shares of Toast in a research note on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft began coverage on shares of Toast in a research note on Thursday, July 17th. They issued a "buy" rating and a $54.00 target price for the company. Finally, The Goldman Sachs Group raised their target price on shares of Toast from $45.00 to $51.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Fifteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $45.54.

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.