B. Metzler seel. Sohn & Co. AG Has $628,000 Position in Toast, Inc. $TOST

Key Points

• B. Metzler seel. Sohn & Co. AG increased its stake in Toast, Inc. by 108.6%, acquiring an additional 9,849 shares, bringing its total to 18,920 shares worth approximately $628,000.
• Toast's latest earnings report showed an EPS of $0.13, missing expectations, but revenue grew 24.8% year-over-year to $1.55 billion.
• The stock has a market capitalization of $23.03 billion and features a price-to-earnings ratio of 132.83, with a consensus rating of "Moderate Buy" among analysts.

B. Metzler seel. Sohn & Co. AG boosted its position in Toast, Inc. (NYSE:TOST - Free Report) by 108.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,920 shares of the company's stock after purchasing an additional 9,849 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Toast were worth $628,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TOST. Principal Financial Group Inc. boosted its stake in Toast by 14,258.8% in the 1st quarter. Principal Financial Group Inc. now owns 5,474,443 shares of the company's stock valued at $181,587,000 after purchasing an additional 5,436,317 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Toast by 17.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,454,209 shares of the company's stock valued at $777,978,000 after purchasing an additional 3,490,686 shares during the period. 1832 Asset Management L.P. bought a new stake in Toast in the 1st quarter valued at $86,650,000. Voloridge Investment Management LLC boosted its stake in Toast by 898.8% in the 4th quarter. Voloridge Investment Management LLC now owns 2,858,720 shares of the company's stock valued at $104,200,000 after purchasing an additional 2,572,503 shares during the period. Finally, Two Sigma Investments LP boosted its stake in Toast by 914.4% in the 4th quarter. Two Sigma Investments LP now owns 2,846,200 shares of the company's stock valued at $103,744,000 after purchasing an additional 2,565,634 shares during the period. 82.91% of the stock is currently owned by institutional investors.

Insider Activity at Toast

In other news, CEO Aman Narang sold 13,829 shares of the business's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $42.59, for a total transaction of $588,977.11. Following the completion of the transaction, the chief executive officer owned 302,498 shares of the company's stock, valued at approximately $12,883,389.82. The trade was a 4.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Elena Gomez sold 34,170 shares of the company's stock in a transaction dated 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. The trade was a 19.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 105,554 shares of company stock worth $4,553,686 in the last three months. Insiders own 12.14% of the company's stock.

Toast Stock Performance

Shares of Toast stock traded down $1.32 during trading on Thursday, reaching $41.14. 11,089,322 shares of the company's stock were exchanged, compared to its average volume of 7,375,083. Toast, Inc. has a 1-year low of $22.91 and a 1-year high of $49.66. The company has a market cap of $20.98 billion, a P/E ratio of 120.99 and a beta of 2.00. The firm's 50-day moving average price is $44.97 and its 200 day moving average price is $40.39.

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

Analyst Ratings Changes

Several analysts recently issued reports on the company. BMO Capital Markets boosted their price target on Toast from $44.00 to $45.00 and gave the company an "outperform" rating in a research note on Monday, May 12th. DA Davidson upped their target price on Toast from $40.00 to $46.00 and gave the company a "neutral" rating in a research report on Tuesday, July 29th. The Goldman Sachs Group upped their target price on Toast from $45.00 to $51.00 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. Barclays reiterated an "overweight" rating on shares of Toast in a research report on Wednesday, July 16th. Finally, Morgan Stanley upped their target price on Toast from $50.00 to $54.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Fifteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $45.54.

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.