ASR Vermogensbeheer N.V. Invests $497,000 in Toast, Inc. (NYSE:TOST)

Key Points

• ASR Vermogensbeheer N.V. acquired 14,995 shares of Toast, Inc., valued at approximately $497,000, highlighting increasing institutional interest in the company.
• Toast recently reported earnings per share (EPS) of $0.13 for the last quarter, missing estimates by $0.10, though revenue increased by 24.8% year-over-year.
• Several brokerages upgraded their ratings for Toast, with a consensus rating of "Moderate Buy" and an average target price of $45.54.

ASR Vermogensbeheer N.V. purchased a new stake in Toast, Inc. (NYSE:TOST - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 14,995 shares of the company's stock, valued at approximately $497,000.

A number of other hedge funds also recently bought and sold shares of the stock. Wayfinding Financial LLC acquired a new stake in shares of Toast during the 1st quarter worth about $34,000. Piscataqua Savings Bank raised its position in shares of Toast by 57.1% during the 1st quarter. Piscataqua Savings Bank now owns 1,100 shares of the company's stock worth $36,000 after acquiring an additional 400 shares in the last quarter. West Branch Capital LLC raised its position in shares of Toast by 862.1% during the 1st quarter. West Branch Capital LLC now owns 1,116 shares of the company's stock worth $37,000 after acquiring an additional 1,000 shares in the last quarter. SBI Securities Co. Ltd. raised its position in shares of Toast by 29.2% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,257 shares of the company's stock worth $42,000 after acquiring an additional 284 shares in the last quarter. Finally, Signaturefd LLC raised its position in shares of Toast by 227.1% during the 1st quarter. Signaturefd LLC now owns 1,472 shares of the company's stock worth $49,000 after acquiring an additional 1,022 shares in the last quarter. Institutional investors and hedge funds own 82.91% of the company's stock.

Insider Activity

In related news, Director Paul D. Bell sold 11,000 shares of Toast stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $45.13, for a total transaction of $496,430.00. Following the completion of the transaction, the director directly owned 229,680 shares of the company's stock, valued at approximately $10,365,458.40. The trade was a 4.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Elena Gomez sold 34,170 shares of the business's stock in a transaction 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 directly owned 139,357 shares of the company's stock, valued at approximately $5,931,033.92. This trade represents a 19.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 474,054 shares of company stock valued at $20,432,166 in the last 90 days. Insiders own 12.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on TOST shares. Deutsche Bank Aktiengesellschaft started coverage on Toast in a research report on Thursday, July 17th. They set a "buy" rating and a $54.00 target price on the stock. Canaccord Genuity Group lifted their price target on Toast from $48.00 to $54.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. DA Davidson lifted their price target on Toast from $40.00 to $46.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 29th. BMO Capital Markets lifted their price target on Toast from $44.00 to $45.00 and gave the stock an "outperform" rating in a research report on Monday, May 12th. Finally, Morgan Stanley lifted their price target on Toast from $50.00 to $54.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Eleven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $45.54.

Toast Stock Up 2.0%

Shares of Toast stock traded up $0.85 during trading on Tuesday, reaching $44.11. The company's stock had a trading volume of 4,882,565 shares, compared to its average volume of 9,515,494. Toast, Inc. has a 12-month low of $22.91 and a 12-month high of $49.66. The company has a market capitalization of $22.50 billion, a P/E ratio of 129.74 and a beta of 2.01. The business has a 50 day moving average price of $44.74 and a 200-day moving average price of $40.04.

Toast (NYSE:TOST - Get Free Report) last issued its quarterly earnings data 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). The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.52 billion. Toast had a return on equity of 14.19% and a net margin of 4.07%. The business's revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.02 earnings per share. Research analysts predict 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.