New York State Common Retirement Fund Boosts Stock Holdings in Toast, Inc. $TOST

New York State Common Retirement Fund grew its position in Toast, Inc. (NYSE:TOST) by 121.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 516,839 shares of the company’s stock after purchasing an additional 283,619 shares during the period. New York State Common Retirement Fund owned about 0.10% of Toast worth $22,891,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Roundview Capital LLC lifted its position in shares of Toast by 0.6% during the 2nd quarter. Roundview Capital LLC now owns 43,619 shares of the company’s stock worth $1,932,000 after buying an additional 245 shares in the last quarter. GAMMA Investing LLC grew its stake in Toast by 7.2% in the 2nd quarter. GAMMA Investing LLC now owns 4,139 shares of the company’s stock valued at $183,000 after purchasing an additional 278 shares during the period. True Vision MN LLC increased its holdings in Toast by 3.6% during the second quarter. True Vision MN LLC now owns 8,186 shares of the company’s stock worth $363,000 after buying an additional 285 shares during the last quarter. Advisors Asset Management Inc. raised its position in Toast by 7.3% in the first quarter. Advisors Asset Management Inc. now owns 4,439 shares of the company’s stock worth $147,000 after acquiring an additional 301 shares during the period. Finally, Parkside Financial Bank & Trust increased its stake in shares of Toast by 4.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 6,921 shares of the company’s stock worth $307,000 after purchasing an additional 306 shares during the last quarter. 82.91% of the stock is owned by institutional investors.

Insider Buying and Selling at Toast

In other news, President Stephen Fredette sold 1,732 shares of Toast stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $35.54, for a total transaction of $61,555.28. Following the completion of the sale, the president directly owned 900,264 shares of the company’s stock, valued at approximately $31,995,382.56. The trade was a 0.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CRO Jonathan Vassil sold 1,442 shares of the company’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $35.54, for a total transaction of $51,248.68. Following the completion of the transaction, the executive owned 71,424 shares of the company’s stock, valued at $2,538,408.96. This trade represents a 1.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 49,759 shares of company stock valued at $1,769,270 over the last quarter. Company insiders own 12.14% of the company’s stock.

Toast Stock Performance

Shares of TOST stock opened at $34.41 on Tuesday. The company has a market capitalization of $17.72 billion, a PE ratio of 80.01 and a beta of 1.94. Toast, Inc. has a 52-week low of $28.12 and a 52-week high of $49.66. The business’s fifty day moving average is $36.30 and its 200 day moving average is $41.08.

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

Wall Street Analyst Weigh In

TOST has been the subject of a number of recent research reports. The Goldman Sachs Group decreased their target price on Toast from $51.00 to $41.00 and set a “neutral” rating for the company in a research report on Monday, October 13th. Robert W. Baird decreased their price objective on Toast from $48.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Wall Street Zen upgraded shares of Toast from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Morgan Stanley boosted their price target on shares of Toast from $54.00 to $56.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Toast from $50.00 to $42.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $45.18.

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.