Lbp Am Sa Purchases New Stake in Toast, Inc. $TOST

Key Points

• Lbp Am Sa has acquired a new stake in Toast, Inc. by purchasing 102,719 shares valued at approximately $4.55 million during the second quarter.
• Several institutional investors are increasing their positions in Toast, with significant increases from firms like West Branch Capital LLC and Signaturefd LLC.
• Toast’s shares have seen a recent decline of 2.4%, with the stock currently trading at $35.65, and the company reported a net margin of 4.07% in its last earnings roundup.

Lbp Am Sa purchased a new stake in shares of Toast, Inc. (NYSE:TOST - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 102,719 shares of the company's stock, valued at approximately $4,549,000.

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

Insider Activity

In related news, CRO Jonathan Vassil sold 1,427 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $48.38, for a total transaction of $69,038.26. Following the completion of the sale, the executive owned 63,298 shares in the company, valued at $3,062,357.24. This represents a 2.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 value of $529,750.00. Following the completion of the sale, the director owned 226,892 shares of the company's stock, valued at $9,615,682.96. This represents a 5.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,423 shares of company stock worth $913,065 over the last 90 days. Company insiders own 12.14% of the company's stock.

Toast Stock Down 2.4%

Shares of NYSE:TOST opened at $35.65 on Thursday. The business has a 50 day moving average price of $42.81 and a 200 day moving average price of $40.75. Toast, Inc. has a twelve month low of $26.91 and a twelve month high of $49.66. The company has a market cap of $18.18 billion, a price-to-earnings ratio of 104.85 and a beta of 1.94.

Toast (NYSE:TOST - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.10). Toast had a net margin of 4.07% and a return on equity of 14.19%. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the previous year, the company earned $0.02 EPS. Toast's revenue for the quarter was up 24.8% compared to the same quarter last year. Analysts anticipate that Toast, Inc. will post 0.39 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TOST. Keefe, Bruyette & Woods dropped their target price on Toast from $50.00 to $42.00 and set a "market perform" rating on the stock in a research report on Wednesday. The Goldman Sachs Group upped their price target on Toast from $45.00 to $51.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Robert W. Baird set a $48.00 price target on Toast in a research note on Monday, September 22nd. JPMorgan Chase & Co. upped their price target on Toast from $42.00 to $52.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Finally, Citigroup reiterated a "buy" rating on shares of Toast in a research note on Wednesday, July 16th. Fifteen investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $46.30.

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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