12,230 Shares in Toast, Inc. (NYSE:TOST) Bought by Toth Financial Advisory Corp

Toth Financial Advisory Corp bought a new position in shares of Toast, Inc. (NYSE:TOST) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 12,230 shares of the company’s stock, valued at approximately $305,000.

Several other large investors have also bought and sold shares of TOST. Park Avenue Securities LLC raised its position in shares of Toast by 1.0% in the 1st quarter. Park Avenue Securities LLC now owns 43,357 shares of the company’s stock worth $1,080,000 after acquiring an additional 436 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in Toast by 5.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,985 shares of the company’s stock valued at $255,000 after purchasing an additional 774 shares during the last quarter. Treasurer of the State of North Carolina boosted its stake in Toast by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 155,598 shares of the company’s stock valued at $2,914,000 after purchasing an additional 790 shares during the last quarter. Orion Capital Management LLC boosted its stake in Toast by 22.5% during the 4th quarter. Orion Capital Management LLC now owns 4,350 shares of the company’s stock valued at $79,000 after purchasing an additional 800 shares during the last quarter. Finally, M&T Bank Corp boosted its stake in Toast by 8.0% during the 4th quarter. M&T Bank Corp now owns 11,217 shares of the company’s stock valued at $205,000 after purchasing an additional 829 shares during the last quarter. 82.91% of the stock is owned by institutional investors.

Insider Transactions at Toast

In other news, Director Christopher P. Comparato sold 80,000 shares of the company’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $24.23, for a total value of $1,938,400.00. Following the transaction, the director now owns 97,762 shares of the company’s stock, valued at $2,368,773.26. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Christopher P. Comparato sold 80,000 shares of the company’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $24.23, for a total value of $1,938,400.00. Following the transaction, the director now owns 97,762 shares of the company’s stock, valued at $2,368,773.26. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider James Michael Matlock sold 1,205 shares of the company’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $23.40, for a total transaction of $28,197.00. Following the completion of the transaction, the insider now owns 40,954 shares of the company’s stock, valued at $958,323.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 222,223 shares of company stock valued at $5,397,094. 13.32% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Baird R W downgraded Toast from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 21st. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $26.00 target price on shares of Toast in a research note on Wednesday, May 29th. The Goldman Sachs Group boosted their target price on Toast from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Robert W. Baird downgraded Toast from an “outperform” rating to a “neutral” rating and set a $28.00 target price on the stock. in a research note on Tuesday, May 21st. Finally, Canaccord Genuity Group boosted their target price on Toast from $22.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $26.14.

Toast Price Performance

Shares of TOST stock opened at $25.77 on Friday. The company’s fifty day simple moving average is $24.51 and its two-hundred day simple moving average is $22.04. Toast, Inc. has a 1 year low of $13.77 and a 1 year high of $27.90.

Toast (NYSE:TOST) last released its quarterly earnings results on Tuesday, May 7th. The company reported ($0.15) earnings per share for the quarter, hitting the consensus estimate of ($0.15). The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Toast had a negative net margin of 6.02% and a negative return on equity of 21.45%. The business’s quarterly revenue was up 31.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.16) earnings per share. Research analysts anticipate that Toast, Inc. will post -0.14 EPS for the current year.

About Toast

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.