38,900 Shares in Toast, Inc. $TOST Purchased by Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna

Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna acquired a new stake in Toast, Inc. (NYSE:TOST) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 38,900 shares of the company’s stock, valued at approximately $1,723,000.

Several other institutional investors and hedge funds have also made changes to their positions in TOST. RiverPark Advisors LLC purchased a new stake in shares of Toast in the second quarter valued at approximately $30,000. Ameritas Advisory Services LLC purchased a new position in Toast during the second quarter worth approximately $31,000. REAP Financial Group LLC boosted its stake in Toast by 173.3% during the second quarter. REAP Financial Group LLC now owns 798 shares of the company’s stock worth $35,000 after buying an additional 506 shares during the last quarter. Loomis Sayles & Co. L P purchased a new stake in Toast in the 2nd quarter valued at $42,000. Finally, Motco purchased a new stake in Toast in the 2nd quarter valued at $44,000. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on the company. JPMorgan Chase & Co. upgraded Toast from a “neutral” rating to an “overweight” rating and set a $43.00 price target on the stock in a report on Thursday, December 4th. Wall Street Zen raised shares of Toast from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Citigroup raised shares of Toast to a “strong-buy” rating in a research note on Thursday, October 23rd. BNP Paribas Exane upgraded shares of Toast from a “neutral” rating to an “outperform” rating and set a $40.00 price target for the company in a report on Monday, December 1st. Finally, DA Davidson set a $42.00 price objective on Toast in a report on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $45.18.

Insider Transactions at Toast

In related news, CRO Jonathan Vassil sold 6,530 shares of the business’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $35.56, for a total transaction of $232,206.80. Following the completion of the transaction, the executive directly owned 69,932 shares of the company’s stock, valued at $2,486,781.92. The trade was 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, General Counsel Brian R. Elworthy sold 4,987 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 $177,337.72. Following the sale, the general counsel owned 227,924 shares in the company, valued at approximately $8,104,977.44. This trade represents a 2.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 49,759 shares of company stock valued at $1,769,270 in the last 90 days. Insiders own 12.14% of the company’s stock.

Toast Stock Performance

Shares of TOST stock opened at $34.57 on Tuesday. Toast, Inc. has a fifty-two week low of $28.12 and a fifty-two week high of $49.66. The company has a 50 day moving average price of $36.05 and a 200 day moving average price of $40.77. The stock has a market capitalization of $17.80 billion, a P/E ratio of 80.38 and a beta of 1.94.

Toast (NYSE:TOST) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.08). The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Toast had a net margin of 4.68% and a return on equity of 15.77%. The business’s quarterly revenue was up 25.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.07 EPS. On average, research analysts forecast that Toast, Inc. will post 0.39 EPS for the current fiscal year.

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.