REAP Financial Group LLC Boosts Stock Position in Toast, Inc. $TOST

REAP Financial Group LLC boosted its stake in shares of Toast, Inc. (NYSE:TOST) by 173.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 798 shares of the company’s stock after purchasing an additional 506 shares during the quarter. REAP Financial Group LLC’s holdings in Toast were worth $35,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of TOST. Ameritas Advisory Services LLC purchased a new stake in Toast during the 2nd quarter worth about $31,000. Wayfinding Financial LLC purchased a new stake in Toast during the 1st quarter worth about $34,000. West Branch Capital LLC increased its holdings in Toast by 862.1% during 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 period. SBI Securities Co. Ltd. increased its holdings in Toast by 29.2% during 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 period. Finally, Signaturefd LLC increased its holdings in Toast by 227.1% during 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 period. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Toast Stock Down 1.3%

Shares of NYSE TOST opened at $36.67 on Thursday. The stock has a market cap of $18.70 billion, a PE ratio of 107.85 and a beta of 1.94. Toast, Inc. has a 52-week low of $27.65 and a 52-week high of $49.66. The business has a 50-day moving average price of $41.62 and a 200 day moving average price of $40.81.

Toast (NYSE:TOST) last announced its earnings results on Tuesday, August 5th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.10). The firm 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 firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period last year, the company earned $0.02 earnings per share. Sell-side analysts anticipate that Toast, Inc. will post 0.39 earnings per share for the current year.

Analyst Ratings Changes

TOST has been the topic of several recent research reports. Robert W. Baird cut their price target on Toast from $48.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday. The Goldman Sachs Group upped their price objective on Toast from $45.00 to $51.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 6th. Truist Financial upped their price objective on Toast from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft started coverage on Toast in a research report on Thursday, July 17th. They set a “buy” rating and a $54.00 price objective for the company. Finally, DA Davidson upped their price objective on Toast from $40.00 to $46.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 29th. Fifteen investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $45.78.

Insider Transactions at Toast

In other Toast news, General Counsel Brian R. Elworthy sold 4,987 shares of the company’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $35.56, for a total transaction of $177,337.72. Following the completion of the sale, the general counsel directly owned 227,924 shares of the company’s stock, valued at $8,104,977.44. This represents a 2.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Elena Gomez sold 9,054 shares of the company’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $35.56, for a total value of $321,960.24. Following the sale, the chief financial officer directly owned 149,572 shares of the company’s stock, valued at approximately $5,318,780.32. This represents a 5.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 62,196 shares of company stock worth $2,398,513. Insiders own 12.14% of the company’s stock.

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.