GFS Advisors LLC Makes New $443,000 Investment in Toast, Inc. $TOST

Key Points

• GFS Advisors LLC invested approximately $443,000 in Toast, Inc. by acquiring 10,000 shares during the second quarter.
• Toast has received various ratings upgrades, with Wall Street Zen changing its recommendation from "hold" to "buy" and a consensus rating of Moderate Buy from fifteen analysts.
• Toast reported a 24.8% increase in revenue year-over-year for the latest quarter, although it missed earnings expectations by $0.10, posting earnings of $0.13 per share.

GFS Advisors LLC bought a new stake in shares of Toast, Inc. (NYSE:TOST - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,000 shares of the company's stock, valued at approximately $443,000.

Other institutional investors have also recently modified their holdings of the company. Ameritas Advisory Services LLC acquired a new stake in shares of Toast during the 2nd quarter valued at about $31,000. Wayfinding Financial LLC acquired a new stake in shares of Toast during the 1st quarter valued at about $34,000. REAP Financial Group LLC grew its position in shares of Toast by 173.3% during the 2nd quarter. REAP Financial Group LLC now owns 798 shares of the company's stock valued at $35,000 after acquiring an additional 506 shares during the period. West Branch Capital LLC grew 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 valued at $37,000 after acquiring an additional 1,000 shares during the period. Finally, SBI Securities Co. Ltd. grew 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 valued at $42,000 after acquiring an additional 284 shares during the period. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on TOST. Wall Street Zen upgraded Toast from a "hold" rating to a "buy" rating in a research report on Friday, October 3rd. Robert W. Baird dropped their target price on Toast from $48.00 to $36.00 and set a "neutral" rating on the stock in a research report on Monday, October 6th. Deutsche Bank Aktiengesellschaft initiated 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. Barclays reiterated an "overweight" rating on shares of Toast in a report on Wednesday, July 16th. Finally, Canaccord Genuity Group lifted their price objective on Toast from $48.00 to $54.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Fifteen equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $45.78.

Toast Price Performance

TOST opened at $35.04 on Friday. The company's 50 day simple moving average is $41.14 and its two-hundred day simple moving average is $40.84. Toast, Inc. has a 1-year low of $27.65 and a 1-year high of $49.66. The firm has a market capitalization of $17.87 billion, a price-to-earnings ratio of 103.04 and a beta of 1.94.

Toast (NYSE:TOST - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.13 earnings per share 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 during the quarter, compared to analysts' expectations of $1.52 billion. During the same period last year, the business earned $0.02 earnings per share. The company's revenue for the quarter was up 24.8% compared to the same quarter last year. On average, equities analysts anticipate that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Toast news, CRO Jonathan Vassil sold 6,530 shares of the firm's stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $35.56, for a total value of $232,206.80. Following the transaction, the executive directly owned 69,932 shares of the company's stock, valued at $2,486,781.92. This trade represents a 8.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paul D. Bell sold 12,500 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $42.38, for a total transaction of $529,750.00. Following the completion of the transaction, the director directly 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 disclosure for this sale can be found here. Over the last three months, insiders sold 62,196 shares of company stock worth $2,398,513. 12.14% of the stock is currently owned by insiders.

About Toast

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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