True Vision MN LLC Purchases 285 Shares of Toast, Inc. $TOST

True Vision MN LLC raised its position in Toast, Inc. (NYSE:TOST) by 3.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,186 shares of the company’s stock after purchasing an additional 285 shares during the period. True Vision MN LLC’s holdings in Toast were worth $363,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Toast by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 43,945,584 shares of the company’s stock valued at $1,457,675,000 after purchasing an additional 1,471,352 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Toast by 17.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,454,209 shares of the company’s stock valued at $777,978,000 after purchasing an additional 3,490,686 shares during the period. T. Rowe Price Investment Management Inc. raised its position in shares of Toast by 7.5% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 15,520,360 shares of the company’s stock valued at $514,811,000 after buying an additional 1,082,958 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Toast by 2.9% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,755,872 shares of the company’s stock valued at $190,922,000 after buying an additional 160,088 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Toast by 14,258.8% during the 1st 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. 82.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Toast from a “hold” rating to a “buy” rating in a research report on Friday. DA Davidson raised their price objective on shares of Toast from $40.00 to $46.00 and gave the company a “neutral” rating in a research report on Tuesday, July 29th. Keefe, Bruyette & Woods lowered their price objective on shares of Toast from $50.00 to $42.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 1st. Morgan Stanley raised their price objective on shares of Toast from $50.00 to $54.00 and gave the company an “overweight” rating in a research report on Wednesday, August 6th. Finally, Wells Fargo & Company assumed coverage on shares of Toast in a research report on Wednesday, July 16th. They set a “buy” rating on the stock. Fifteen 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $45.78.

Insiders Place Their Bets

In other Toast news, CRO Jonathan Vassil sold 6,530 shares of the firm’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $35.56, for a total value of $232,206.80. Following the sale, the executive owned 69,932 shares of the company’s stock, valued at $2,486,781.92. This trade represents a 8.54% decrease in their position. The sale 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 firm’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 $321,960.24. Following the completion of the sale, the chief financial officer directly owned 149,572 shares in the company, valued at approximately $5,318,780.32. This trade represents a 5.71% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 62,196 shares of company stock worth $2,398,513. 12.14% of the stock is currently owned by insiders.

Toast Stock Up 0.9%

Shares of NYSE:TOST opened at $36.98 on Tuesday. The stock has a market cap of $18.86 billion, a PE ratio of 108.76 and a beta of 1.94. The company’s fifty day moving average is $42.08 and its 200 day moving average is $40.86. Toast, Inc. has a 52 week low of $27.65 and a 52 week high of $49.66.

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

Toast 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.