DiNuzzo Private Wealth Inc. Buys 15,018 Shares of Toast, Inc. $TOST

Key Points

• DiNuzzo Private Wealth Inc. significantly increased its stake in Toast, Inc. by purchasing an additional 15,018 shares, raising its holdings by 62,575.0% to a total of 15,042 shares worth approximately $666,000.
• Recently, Toast reported earnings of $0.13 EPS for the quarter, missing estimates, but its revenue increased by 24.8% year-over-year, reaching $1.55 billion.
• Analysts have adjusted their price targets for Toast, with Goldman Sachs increasing theirs to $51.00, while the consensus rating for the stock stands at "Moderate Buy" with an average target of $46.65.

DiNuzzo Private Wealth Inc. raised its stake in shares of Toast, Inc. (NYSE:TOST - Free Report) by 62,575.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,042 shares of the company's stock after purchasing an additional 15,018 shares during the period. DiNuzzo Private Wealth Inc.'s holdings in Toast were worth $666,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in TOST. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Toast during the 4th quarter valued at about $2,296,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Toast by 19.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 22,751 shares of the company's stock valued at $829,000 after purchasing an additional 3,713 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Toast by 4,500.2% during the 1st quarter. GAMMA Investing LLC now owns 128,069 shares of the company's stock valued at $4,248,000 after purchasing an additional 125,285 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of Toast by 91.2% during the 1st quarter. Parallel Advisors LLC now owns 2,692 shares of the company's stock valued at $89,000 after purchasing an additional 1,284 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its holdings in shares of Toast by 1.5% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 68,527 shares of the company's stock valued at $2,273,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors own 82.91% of the company's stock.

Toast Price Performance

Shares of NYSE TOST opened at $37.14 on Tuesday. The company has a market cap of $18.94 billion, a P/E ratio of 109.24 and a beta of 2.00. Toast, Inc. has a 1 year low of $26.91 and a 1 year high of $49.66. The firm has a 50-day simple moving average of $43.27 and a two-hundred day simple moving average of $40.81.

Toast (NYSE:TOST - Get Free Report) last announced 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 during the quarter, compared to the consensus estimate of $1.52 billion. Toast had a return on equity of 14.19% and a net margin of 4.07%.The firm's revenue for the quarter was up 24.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.02 EPS. As a group, equities research analysts expect that Toast, Inc. will post 0.39 EPS for the current year.

Insider Activity

In other news, President Stephen Fredette sold 1,720 shares of Toast stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $48.38, for a total transaction of $83,213.60. Following the completion of the sale, the president owned 890,818 shares of the company's stock, valued at approximately $43,097,774.84. The trade was a 0.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CRO Jonathan Vassil sold 1,427 shares of Toast stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $48.38, for a total transaction of $69,038.26. Following the sale, the executive directly owned 63,298 shares of the company's stock, valued at $3,062,357.24. This represents a 2.20% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 88,342 shares of company stock valued at $3,804,710. Insiders own 12.14% of the company's stock.

Analysts Set New Price Targets

TOST has been the subject of a number of analyst reports. The Goldman Sachs Group increased their price target on shares of Toast from $45.00 to $51.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. JPMorgan Chase & Co. increased their price target on shares of Toast from $42.00 to $52.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Canaccord Genuity Group increased their price target on shares of Toast from $48.00 to $54.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Citigroup reaffirmed a "buy" rating on shares of Toast in a report on Wednesday, July 16th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Toast from $47.00 to $50.00 and gave the company a "market perform" rating in a report on Wednesday, August 6th. Fifteen equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $46.65.

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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