Toast, Inc. (NYSE:TOST) Shares Bought by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. lifted its stake in shares of Toast, Inc. (NYSE:TOST) by 95.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 49,524 shares of the company’s stock after acquiring an additional 24,137 shares during the period. Epoch Investment Partners Inc.’s holdings in Toast were worth $1,276,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. West Branch Capital LLC purchased a new position in Toast in the 2nd quarter valued at about $26,000. LRI Investments LLC acquired a new position in shares of Toast in the first quarter valued at approximately $27,000. Principal Securities Inc. acquired a new position in shares of Toast in the fourth quarter valued at approximately $30,000. Cape Investment Advisory Inc. purchased a new position in shares of Toast during the fourth quarter valued at approximately $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Toast during the second quarter worth approximately $33,000. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TOST. Royal Bank of Canada reiterated a “sector perform” rating and issued a $27.00 price target on shares of Toast in a report on Wednesday, August 7th. Morgan Stanley upped their target price on Toast from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Mizuho raised Toast from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $21.00 to $33.00 in a research note on Thursday, July 18th. The Goldman Sachs Group restated a “buy” rating and issued a $29.00 price target on shares of Toast in a report on Thursday, September 12th. Finally, Wedbush upgraded shares of Toast to a “strong-buy” rating in a report on Friday, September 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.33.

Toast Trading Down 0.2 %

NYSE:TOST opened at $27.65 on Tuesday. The stock has a 50 day moving average of $25.12 and a 200-day moving average of $24.60. The firm has a market capitalization of $12.53 billion, a PE ratio of -55.30 and a beta of 1.75. Toast, Inc. has a 52 week low of $13.77 and a 52 week high of $28.19.

Toast (NYSE:TOST) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.04. The firm had revenue of $1.24 billion during 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 firm’s revenue was up 27.0% on a year-over-year basis. During the same period in the prior year, the business earned ($0.19) EPS. As a group, analysts predict that Toast, Inc. will post -0.1 EPS for the current fiscal year.

Insider Buying and Selling

In other Toast news, President Stephen Fredette sold 211,686 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $23.57, for a total transaction of $4,989,439.02. Following the completion of the transaction, the president now directly owns 2,638,023 shares of the company’s stock, valued at approximately $62,178,202.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, President Stephen Fredette sold 211,686 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $23.57, for a total value of $4,989,439.02. Following the sale, the president now directly owns 2,638,023 shares in the company, valued at approximately $62,178,202.11. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CRO Jonathan Vassil sold 100,000 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $25.55, for a total value of $2,555,000.00. Following the transaction, the executive now owns 31,919 shares of the company’s stock, valued at approximately $815,530.45. The disclosure for this sale can be found here. Insiders have sold a total of 652,412 shares of company stock valued at $16,213,120 in the last quarter. Company insiders own 13.32% of the company’s stock.

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.