Arkfeld Wealth Strategies L.L.C. Raises Stock Holdings in Toast, Inc. $TOST

Key Points

• Arkfeld Wealth Strategies increased its Toast stake by 138.8% in the second quarter to 264,821 shares valued at approximately $7.8 million, making Toast its 11th-largest holding.
• Institutional investors own 82.91% of Toast, with several major funds—including ValueAct, XN LP, Principal Financial, and WorldQuant—also expanding their positions.
• Toast reported quarterly revenue of $1.91 billion, ahead of estimates and up 23.1% year over year, but earnings per share of $0.26 missed expectations. Analysts maintain a “Moderate Buy” consensus with an average price target of $38.77.

Arkfeld Wealth Strategies L.L.C. increased its stake in Toast, Inc. (NYSE:TOST - Free Report) by 138.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 264,821 shares of the company's stock after purchasing an additional 153,928 shares during the period. Toast makes up approximately 2.3% of Arkfeld Wealth Strategies L.L.C.'s portfolio, making the stock its 11th biggest holding. Arkfeld Wealth Strategies L.L.C. owned approximately 0.05% of Toast worth $7,807,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank purchased a new position in Toast in the 4th quarter worth approximately $202,808,000. ValueAct Holdings L.P. increased its holdings in shares of Toast by 135.9% in the 4th quarter. ValueAct Holdings L.P. now owns 8,015,277 shares of the company's stock worth $284,622,000 after buying an additional 4,618,077 shares during the last quarter. XN LP raised its position in shares of Toast by 50.8% during the 4th quarter. XN LP now owns 8,988,386 shares of the company's stock valued at $319,178,000 after buying an additional 3,029,856 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Toast by 36.0% during the 1st quarter. Principal Financial Group Inc. now owns 7,977,244 shares of the company's stock worth $211,478,000 after acquiring an additional 2,111,009 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC grew its position in Toast by 343.6% in the second quarter. Worldquant Millennium Advisors LLC now owns 1,792,209 shares of the company's stock worth $79,377,000 after acquiring an additional 1,388,210 shares in the last quarter. 82.91% of the stock is owned by hedge funds and other institutional investors.

Toast Price Performance

TOST opened at $34.88 on Wednesday. The stock's 50 day simple moving average is $28.77 and its 200 day simple moving average is $27.89. Toast, Inc. has a 1 year low of $22.26 and a 1 year high of $45.64. The firm has a market cap of $17.93 billion, a price-to-earnings ratio of 44.71 and a beta of 1.72.

Toast (NYSE:TOST - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.06). The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.87 billion. Toast had a net margin of 7.14% and a return on equity of 23.90%. The business's revenue for the quarter was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.13 EPS. As a group, sell-side analysts anticipate that Toast, Inc. will post 0.99 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. BMO Capital Markets raised their price target on Toast from $35.00 to $40.00 and gave the company an "outperform" rating in a research report on Wednesday, August 5th. Truist Financial raised their price objective on Toast from $30.00 to $33.00 and gave the company a "buy" rating in a report on Friday, July 24th. Royal Bank Of Canada boosted their target price on Toast from $31.00 to $36.00 and gave the stock a "sector perform" rating in a research report on Wednesday, August 5th. Keefe, Bruyette & Woods upped their target price on Toast from $30.00 to $35.00 and gave the stock a "market perform" rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Toast in a research report on Wednesday, May 20th. Seventeen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, Toast presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.77.

Insider Buying and Selling

In related news, General Counsel Brian R. Elworthy sold 108,000 shares of the company's stock in a transaction on Friday, May 29th. The shares were sold at an average price of $25.89, for a total transaction of $2,796,120.00. Following the completion of the sale, the general counsel directly owned 189,642 shares in the company, valued at $4,909,831.38. This represents a 36.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Jonathan Vassil sold 14,280 shares of the firm's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $32.89, for a total transaction of $469,669.20. Following the completion of the sale, the executive directly owned 69,966 shares in the company, valued at approximately $2,301,181.74. This trade represents a 16.95% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 503,245 shares of company stock valued at $16,387,254 over the last quarter. Company insiders own 10.03% of the company's stock.

Toast News Summary

Here are the key news stories impacting Toast this week:

• Positive Sentiment: Toast expanded its global partnership with Adyen into the U.S. Adyen will provide payment capabilities for Toast’s restaurant, hospitality and retail customers, supporting a platform that processed more than $215 billion in gross payment volume across approximately 180,000 locations in the 12 months ended June 30, 2026. The agreement could strengthen Toast’s payments infrastructure and support continued growth. Adyen Expands Global Partnership with Toast into U.S.
• Positive Sentiment: Barclays reaffirmed its Buy rating, indicating continued confidence in Toast’s long-term growth prospects. Barclays Reaffirms Their Buy Rating on Toast
• Neutral Sentiment: Recent growth-stock coverage highlighted Toast as a potential long-term growth investment, though the commentary was based primarily on screening and style factors rather than a new company-specific operating update. Why Toast Is a Top Growth Stock for the Long-Term
• Negative Sentiment: Toast CEO Aman Narang sold approximately $5.72 million of shares across transactions on August 7 and August 10. CFO Elena Gomez also sold roughly $280,000 of stock. Because the trades were conducted under pre-arranged Rule 10b5-1 plans, they may reflect scheduled diversification rather than a negative view of the business, but the scale of the CEO’s sales can weigh on sentiment. Toast CEO Stock Sale Filing
• Negative Sentiment: DA Davidson raised its price target from $30 to $34 but maintained a Neutral rating, implying limited upside relative to recent trading levels and reinforcing valuation concerns. DA Davidson Toast Price Target Update

About Toast

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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