Toast, Inc. $TOST Holdings Raised by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its stake in shares of Toast, Inc. (NYSE:TOST) by 17.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 168,530 shares of the company’s stock after buying an additional 25,052 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Toast were worth $7,464,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in TOST. GAMMA Investing LLC grew its stake in Toast by 38.7% during the 1st quarter. GAMMA Investing LLC now owns 3,861 shares of the company’s stock worth $128,000 after buying an additional 1,077 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Toast by 14.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 26,106 shares of the company’s stock worth $866,000 after buying an additional 3,355 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in Toast by 17.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 15,418 shares of the company’s stock worth $511,000 after buying an additional 2,294 shares during the last quarter. Bessemer Group Inc. grew its stake in Toast by 14.7% during the 1st quarter. Bessemer Group Inc. now owns 35,499 shares of the company’s stock worth $1,177,000 after buying an additional 4,554 shares during the last quarter. Finally, Diversified Trust Co grew its stake in Toast by 7.7% during the 1st quarter. Diversified Trust Co now owns 23,024 shares of the company’s stock worth $764,000 after buying an additional 1,656 shares during the last quarter. 82.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TOST has been the subject of a number of recent research reports. DA Davidson upped their price objective on Toast from $40.00 to $46.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 29th. Wall Street Zen upgraded Toast from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Morgan Stanley boosted their price target on Toast from $50.00 to $54.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 6th. Citigroup upgraded Toast to a “strong-buy” rating in a research report on Thursday, October 23rd. Finally, Truist Financial set a $47.00 price target on Toast in a research report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, Toast presently has a consensus rating of “Moderate Buy” and an average target price of $46.17.

Insider Activity at Toast

In other news, President Stephen Fredette sold 7,550 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 $268,478.00. Following the sale, the president directly owned 898,475 shares of the company’s stock, valued at $31,949,771. The trade was a 0.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Brian R. Elworthy sold 4,987 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 value of $177,337.72. Following the sale, the general counsel directly owned 227,924 shares in the company, valued at $8,104,977.44. This trade represents a 2.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 62,196 shares of company stock valued at $2,398,513 over the last ninety days. Company insiders own 12.14% of the company’s stock.

Toast Stock Up 1.5%

Shares of Toast stock opened at $38.94 on Tuesday. The stock’s fifty day moving average is $39.63 and its 200-day moving average is $41.28. The firm has a market capitalization of $19.86 billion, a PE ratio of 114.54 and a beta of 1.94. Toast, Inc. has a 12-month low of $28.12 and a 12-month high of $49.66.

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 company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.52 billion. Toast had a return on equity of 14.19% and a net margin of 4.07%.The firm’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same period last year, the firm earned $0.02 earnings per share. Analysts expect that Toast, Inc. will post 0.39 EPS for the current year.

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.