Stableford Capital II LLC Makes New Investment in Toast, Inc. $TOST

Key Points

• Stableford Capital II LLC acquired 59,468 Toast shares during the third quarter, valued at approximately $1.72 million. Institutional investors collectively own 82.91% of the company.
• Toast’s latest quarter showed 23.1% year-over-year revenue growth to $1.91 billion, though earnings of $0.26 per share fell short of the $0.32 consensus estimate.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $39.12 versus the stock’s reported price of $30.49; insiders, however, have sold $18.6 million of shares over the past 90 days.

Stableford Capital II LLC bought a new stake in Toast, Inc. (NYSE:TOST - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 59,468 shares of the company's stock, valued at approximately $1,724,000.

Other large investors have also made changes to their positions in the company. Bayban purchased a new stake in shares of Toast during the 4th quarter valued at about $25,000. SHP Wealth Management bought a new stake in Toast during the fourth quarter valued at approximately $29,000. Ancora Advisors LLC purchased a new stake in Toast during the second quarter valued at approximately $31,000. Montag A & Associates Inc. raised its position in Toast by 172.0% in the first quarter. Montag A & Associates Inc. now owns 1,455 shares of the company's stock worth $39,000 after acquiring an additional 920 shares during the period. Finally, Harbor Investment Advisory LLC boosted its stake in shares of Toast by 213.6% during the 2nd quarter. Harbor Investment Advisory LLC now owns 1,568 shares of the company's stock worth $44,000 after acquiring an additional 1,068 shares during the last quarter. 82.91% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Toast news, CRO Jonathan Vassil sold 7,623 shares of the stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $30.19, for a total transaction of $230,138.37. Following the completion of the transaction, the executive owned 77,424 shares of the company's stock, valued at $2,337,430.56. This represents a 8.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Brian Elworthy sold 6,507 shares of Toast stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $29.35, for a total value of $190,980.45. Following the completion of the sale, the general counsel directly owned 204,023 shares in the company, valued at $5,988,075.05. This trade represents a 3.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 534,830 shares of company stock worth $18,566,600. 10.03% of the stock is owned by corporate insiders.

Toast Price Performance

TOST stock opened at $30.49 on Friday. Toast, Inc. has a 1-year low of $22.26 and a 1-year high of $39.72. The business has a 50 day simple moving average of $32.91 and a two-hundred day simple moving average of $29.04. The company has a market capitalization of $15.67 billion, a price-to-earnings ratio of 39.09 and a beta of 1.74.

Toast (NYSE:TOST - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.06). Toast had a return on equity of 23.90% and a net margin of 7.14%.The company had revenue of $1.91 billion during the quarter, compared to analysts' expectations of $1.87 billion. During the same period last year, the firm posted $0.13 EPS. Toast's quarterly revenue was up 23.1% compared to the same quarter last year. Sell-side analysts anticipate that Toast, Inc. will post 1 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird boosted their price objective on shares of Toast from $30.00 to $33.00 and gave the company a "neutral" rating in a research report on Wednesday, July 8th. Citigroup boosted their price target on Toast from $36.00 to $39.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. Canaccord Genuity Group set a $40.00 price objective on Toast in a research report on Wednesday, August 5th. Sanford C. Bernstein increased their target price on shares of Toast from $39.00 to $45.00 and gave the stock an "outperform" rating in a report on Thursday, August 6th. Finally, Oppenheimer upped their price target on shares of Toast from $36.00 to $38.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 5th. Sixteen analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to data from MarketBeat, Toast has a consensus rating of "Moderate Buy" and an average price target of $39.12.

Toast Company Profile

Toast, Inc NYSE: TOST provides a cloud-based technology platform designed for restaurants and other foodservice businesses. Its platform combines point-of-sale hardware and software with tools for payment processing, menu and order management, employee operations, inventory, reporting and customer engagement.

The company's products and services support in-restaurant, online and delivery orders, as well as gift cards, loyalty programs, marketing and payroll-related functions. Toast also offers restaurant-specific hardware, including terminals, handheld devices, kitchen display systems and self-service kiosks, allowing businesses to manage operations through an integrated technology ecosystem.

Founded in 2011 and headquartered in Boston, Toast initially focused on helping restaurants replace traditional point-of-sale systems with cloud-based technology.

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