Moody National Bank Trust Division Increases Holdings in Toast, Inc. $TOST

Key Points

• Moody National Bank Trust Division increased its stake in Toast, Inc. by 11.0% during Q2 by purchasing an additional 11,200 shares, bringing its total holdings to 112,822 shares valued at nearly $5 million.
• Toast recently reported a loss of $0.10 per share for the last quarter, missing analysts' expectations, despite a revenue increase of 24.8% year-over-year to $1.55 billion.
• Analysts have a consensus rating of "Moderate Buy" with an average target price of $46.30, reflecting optimism about Toast's future performance.

Moody National Bank Trust Division lifted its stake in Toast, Inc. (NYSE:TOST - Free Report) by 11.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 112,822 shares of the company's stock after acquiring an additional 11,200 shares during the quarter. Moody National Bank Trust Division's holdings in Toast were worth $4,997,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TOST. SBI Securities Co. Ltd. boosted its stake 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 buying an additional 284 shares during the last quarter. Stonekeep Investments LLC boosted its stake in Toast by 4.0% in the first quarter. Stonekeep Investments LLC now owns 7,791 shares of the company's stock worth $258,000 after purchasing an additional 297 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in Toast by 7.3% in the first quarter. Advisors Asset Management Inc. now owns 4,439 shares of the company's stock valued at $147,000 after purchasing an additional 301 shares during the last quarter. Garde Capital Inc. grew its holdings in shares of Toast by 9.6% during the second quarter. Garde Capital Inc. now owns 4,179 shares of the company's stock worth $185,000 after buying an additional 367 shares in the last quarter. Finally, Piscataqua Savings Bank lifted its holdings in 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 purchasing an additional 400 shares during the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Elena Gomez sold 2,006 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $48.38, for a total value of $97,050.28. Following the completion of the transaction, the chief financial officer owned 141,263 shares in the company, valued at $6,834,303.94. This trade represents a 1.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Aman Narang sold 1,719 shares of Toast stock in a transaction on Monday, August 4th. The shares were sold at an average price of $48.38, for a total transaction of $83,165.22. Following the completion of the sale, the chief executive officer directly owned 304,300 shares of the company's stock, valued at approximately $14,722,034. The trade was a 0.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 88,342 shares of company stock worth $3,804,710 in the last quarter. Corporate insiders own 12.14% of the company's stock.

Toast Price Performance

Shares of TOST traded down $0.45 during mid-day trading on Tuesday, reaching $38.48. 3,609,876 shares of the company's stock traded hands, compared to its average volume of 7,519,144. The stock has a market cap of $19.62 billion, a P/E ratio of 113.16 and a beta of 2.00. The stock's 50-day moving average is $44.14 and its two-hundred day moving average is $40.69. Toast, Inc. has a 12 month low of $26.75 and a 12 month high of $49.66.

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Jefferies Financial Group increased their price objective on Toast from $50.00 to $54.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Canaccord Genuity Group upped their target price on shares of Toast from $48.00 to $54.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Robert W. Baird set a $48.00 target price on shares of Toast in a research report on Monday. Wall Street Zen downgraded shares of Toast from a "buy" rating to a "hold" rating in a research report on Monday. Finally, Wells Fargo & Company began coverage on shares of Toast in a report on Wednesday, July 16th. They set a "buy" rating on the stock. Fifteen analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat.com, Toast has an average rating of "Moderate Buy" and an average price target of $46.65.

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.