12,420 Shares in Toast, Inc. (NYSE:TOST) Acquired by S.A. Mason LLC

S.A. Mason LLC purchased a new stake in shares of Toast, Inc. (NYSE:TOST) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,420 shares of the company’s stock, valued at approximately $352,000.

Several other hedge funds also recently modified their holdings of the business. West Branch Capital LLC bought a new stake in shares of Toast in the 2nd quarter valued at $26,000. LRI Investments LLC bought a new stake in Toast in the 1st quarter valued at $27,000. Toth Financial Advisory Corp bought a new stake in shares of Toast during the 3rd quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Toast in the 2nd quarter valued at $33,000. Finally, 1620 Investment Advisors Inc. acquired a new stake in Toast in the 2nd quarter worth about $34,000. Institutional investors own 82.91% of the company’s stock.

Toast Price Performance

Shares of Toast stock opened at $30.14 on Thursday. Toast, Inc. has a 1 year low of $13.77 and a 1 year high of $30.78. The firm has a market cap of $13.89 billion, a PE ratio of -103.93 and a beta of 1.76. The company has a 50 day simple moving average of $26.98 and a two-hundred day simple moving average of $25.48.

Toast (NYSE:TOST) last announced its earnings results on Tuesday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.04. Toast had a negative net margin of 3.10% and a negative return on equity of 11.27%. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the business earned ($0.19) earnings per share. The firm’s quarterly revenue was up 27.0% compared to the same quarter last year. As a group, research analysts anticipate that Toast, Inc. will post -0.1 earnings per share for the current year.

Insider Transactions at Toast

In related news, President Stephen Fredette sold 1,127 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $24.00, for a total value of $27,048.00. Following the completion of the sale, the president now owns 2,849,709 shares in the company, valued at $68,393,016. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, President Stephen Fredette sold 1,127 shares of Toast stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $24.00, for a total value of $27,048.00. Following the transaction, the president now owns 2,849,709 shares in the company, valued at $68,393,016. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Jonathan Vassil sold 1,541 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $24.00, for a total transaction of $36,984.00. Following the sale, the executive now owns 33,312 shares of the company’s stock, valued at approximately $799,488. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,387,269 shares of company stock worth $38,394,140. 13.32% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on TOST. Robert W. Baird increased their target price on Toast from $28.00 to $30.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. DA Davidson boosted their target price on Toast from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Tuesday. Bank of America raised their price target on shares of Toast from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. Needham & Company LLC reissued a “buy” rating and issued a $30.00 price objective on shares of Toast in a research note on Wednesday, August 7th. Finally, Stephens boosted their price objective on Toast from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.26.

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.