7,380 Shares in Toast, Inc. (NYSE:TOST) Acquired by 1858 Wealth Management LLC

1858 Wealth Management LLC purchased a new stake in shares of Toast, Inc. (NYSE:TOST) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 7,380 shares of the company’s stock, valued at approximately $209,000.

Other institutional investors have also modified their holdings of the company. West Branch Capital LLC acquired a new position in Toast in the second quarter worth approximately $26,000. LRI Investments LLC acquired a new stake in shares of Toast during the first quarter worth $27,000. Toth Financial Advisory Corp purchased a new stake in shares of Toast during the third quarter valued at $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Toast in the 2nd quarter valued at $33,000. Finally, 1620 Investment Advisors Inc. purchased a new position in Toast in the 2nd quarter worth about $34,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Wedbush upgraded shares of Toast to a “strong-buy” rating in a report on Friday, September 6th. Stephens lifted their price objective on shares of Toast from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Friday. Bank of America increased their target price on Toast from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. JPMorgan Chase & Co. lifted their price target on Toast from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Finally, The Goldman Sachs Group upped their price target on Toast from $29.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $28.78.

Insider Transactions at Toast

In other Toast news, President Stephen Fredette sold 1,127 shares of the firm’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 sale, the president now owns 2,849,709 shares of the company’s stock, valued at $68,393,016. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, Director Christopher P. Comparato sold 125,000 shares of the business’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $29.21, for a total transaction of $3,651,250.00. Following the transaction, the director now directly owns 134,627 shares in the company, valued at $3,932,454.67. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President Stephen Fredette sold 1,127 shares of the firm’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 of the company’s stock, valued at $68,393,016. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,006,021 shares of company stock worth $26,808,638. Company insiders own 13.32% of the company’s stock.

Toast Stock Down 2.3 %

Shares of NYSE:TOST traded down $0.71 on Monday, reaching $29.61. The company had a trading volume of 1,404,048 shares, compared to its average volume of 7,157,122. The stock has a market capitalization of $13.65 billion, a P/E ratio of -104.55 and a beta of 1.76. The stock has a 50-day moving average price of $26.26 and a 200 day moving average price of $25.18. Toast, Inc. has a twelve month low of $13.77 and a twelve month high of $30.70.

Toast (NYSE:TOST) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.04. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. Toast had a negative return on equity of 11.27% and a negative net margin of 3.10%. The company’s revenue for the quarter was up 27.0% compared to the same quarter last year. During the same quarter last year, the company posted ($0.19) earnings per share. On average, sell-side analysts predict that Toast, Inc. will post -0.1 earnings per share for the current fiscal 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.