Toast, Inc. $TOST Shares Purchased by Fairvoy Private Wealth LLC

Fairvoy Private Wealth LLC lifted its holdings in Toast, Inc. (NYSE:TOST) by 1.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,511 shares of the company’s stock after purchasing an additional 369 shares during the period. Fairvoy Private Wealth LLC’s holdings in Toast were worth $1,307,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Toast by 3.5% in the first 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 in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Toast by 17.5% in the first 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 in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of Toast by 7.5% in the first quarter. T. Rowe Price Investment Management Inc. now owns 15,520,360 shares of the company’s stock valued at $514,811,000 after purchasing an additional 1,082,958 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Toast by 2.9% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,755,872 shares of the company’s stock valued at $190,922,000 after purchasing an additional 160,088 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Toast by 14,258.8% in the first quarter. Principal Financial Group Inc. now owns 5,474,443 shares of the company’s stock worth $181,587,000 after acquiring an additional 5,436,317 shares during the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TOST. Citigroup reiterated a “buy” rating on shares of Toast in a research note on Wednesday, July 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Toast in a research note on Saturday, September 27th. Wall Street Zen upgraded shares of Toast from a “hold” rating to a “buy” rating in a research note on Friday. DA Davidson lifted their price target on shares of Toast from $40.00 to $46.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 29th. Finally, Truist Financial lifted their price target on shares of Toast from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. Fifteen research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $46.30.

Insider Buying and Selling at Toast

In other news, General Counsel Brian R. Elworthy sold 4,987 shares of the business’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 transaction of $177,337.72. Following the completion of the sale, the general counsel owned 227,924 shares in the company, valued at approximately $8,104,977.44. The trade was a 2.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Aman Narang sold 13,652 shares of Toast stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $35.56, for a total transaction of $485,465.12. Following the completion of the transaction, the chief executive officer directly owned 318,150 shares in the company, valued at $11,313,414. The trade was a 4.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 62,196 shares of company stock worth $2,398,513. 12.14% of the stock is owned by insiders.

Toast Trading Up 1.3%

Shares of NYSE:TOST opened at $36.58 on Friday. The company has a market capitalization of $18.66 billion, a PE ratio of 107.60 and a beta of 1.94. Toast, Inc. has a twelve month low of $27.65 and a twelve month high of $49.66. The firm has a 50 day simple moving average of $42.32 and a 200-day simple moving average of $40.78.

Toast (NYSE:TOST) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.10). The company had revenue of $1.55 billion for 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%.The firm’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.02 EPS. As a group, equities research analysts predict that Toast, Inc. will post 0.39 EPS for the current fiscal 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.