Toast, Inc. $TOST Holdings Lifted by ASR Vermogensbeheer N.V.

Key Points

• ASR Vermogensbeheer N.V. raised its stake in Toast, Inc. by 56.0% during the 2nd quarter, accumulating a total of 23,386 shares valued at approximately $1,036,000.
• Institutional investors now hold 82.91% of Toast's stock, reflecting significant interest from large financial entities.
• Toast's latest earnings report showed a 24.8% year-over-year revenue increase, although it missed earnings expectations with $0.13 per share versus a forecast of $0.23.

ASR Vermogensbeheer N.V. boosted its position in shares of Toast, Inc. (NYSE:TOST - Free Report) by 56.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,386 shares of the company's stock after buying an additional 8,391 shares during the quarter. ASR Vermogensbeheer N.V.'s holdings in Toast were worth $1,036,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of TOST. Principal Financial Group Inc. boosted its stake in Toast by 14,258.8% during the first quarter. Principal Financial Group Inc. now owns 5,474,443 shares of the company's stock valued at $181,587,000 after buying an additional 5,436,317 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Toast by 17.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 23,454,209 shares of the company's stock valued at $777,978,000 after buying an additional 3,490,686 shares in the last quarter. 1832 Asset Management L.P. bought a new position in Toast during the first quarter valued at about $86,650,000. HMI Capital Management L.P. lifted its holdings in shares of Toast by 57.7% during the first quarter. HMI Capital Management L.P. now owns 5,203,183 shares of the company's stock valued at $172,590,000 after purchasing an additional 1,904,040 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Toast during the first quarter valued at $56,473,000. Institutional investors own 82.91% of the company's stock.

Toast Trading Up 1.3%

Shares of Toast stock opened at $36.58 on Friday. The stock has a 50-day moving average price of $42.32 and a 200 day moving average price of $40.82. The company has a market cap of $18.66 billion, a P/E ratio of 107.60 and a beta of 1.94. Toast, Inc. has a 1 year low of $27.65 and a 1 year high of $49.66.

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 business had revenue of $1.55 billion during the quarter, compared to analysts' expectations of $1.52 billion. Toast had a return on equity of 14.19% and a net margin of 4.07%.The firm's revenue was up 24.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.02 earnings per share. On average, equities analysts forecast that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Transactions at Toast

In other Toast news, President Stephen Fredette sold 7,550 shares of the company's stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $35.56, for a total value of $268,478.00. Following the transaction, the president directly owned 898,475 shares of the company's stock, valued at $31,949,771. This represents a 0.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Aman Narang sold 13,652 shares of the company's stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $35.56, for a total value of $485,465.12. Following the completion of the transaction, the chief executive officer directly owned 318,150 shares in the company, valued at approximately $11,313,414. The trade was a 4.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 62,196 shares of company stock worth $2,398,513. 12.14% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on TOST shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Toast in a report on Saturday, September 27th. Robert W. Baird set a $48.00 target price on Toast in a report on Monday, September 22nd. DA Davidson upped their target price on Toast from $40.00 to $46.00 and gave the company a "neutral" rating in a report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft started coverage on Toast in a report on Thursday, July 17th. They set a "buy" rating and a $54.00 target price for the company. Finally, Keefe, Bruyette & Woods reduced their target price on Toast from $50.00 to $42.00 and set a "market perform" rating for the company in a report on Wednesday. Fifteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, Toast presently has a consensus rating of "Moderate Buy" and an average target price of $46.30.

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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