ASR Vermogensbeheer N.V. Acquires Shares of 14,995 Toast, Inc. (NYSE:TOST)

ASR Vermogensbeheer N.V. purchased a new position in shares of Toast, Inc. (NYSE:TOST) during the first quarter, HoldingsChannel reports. The firm purchased 14,995 shares of the company’s stock, valued at approximately $497,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wayfinding Financial LLC acquired a new position in shares of Toast during the first quarter worth about $34,000. Piscataqua Savings Bank increased its stake in shares of Toast by 57.1% during the first quarter. Piscataqua Savings Bank now owns 1,100 shares of the company’s stock worth $36,000 after acquiring an additional 400 shares during the period. West Branch Capital LLC increased its stake in shares of Toast by 862.1% during the first quarter. West Branch Capital LLC now owns 1,116 shares of the company’s stock worth $37,000 after acquiring an additional 1,000 shares during the period. SBI Securities Co. Ltd. increased its stake in shares of Toast by 29.2% during the first quarter. SBI Securities Co. Ltd. now owns 1,257 shares of the company’s stock worth $42,000 after acquiring an additional 284 shares during the period. Finally, Signaturefd LLC increased its stake in shares of Toast by 227.1% during the first quarter. Signaturefd LLC now owns 1,472 shares of the company’s stock worth $49,000 after acquiring an additional 1,022 shares during the period. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TOST. Deutsche Bank Aktiengesellschaft began coverage on shares of Toast in a research note on Thursday, July 17th. They set a “buy” rating and a $54.00 price target on the stock. Morgan Stanley upped their target price on shares of Toast from $50.00 to $54.00 and gave the stock an “overweight” rating in a research report on Wednesday. Canaccord Genuity Group upped their target price on shares of Toast from $48.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday. Needham & Company LLC upped their target price on shares of Toast from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, DA Davidson upped their target price on shares of Toast from $40.00 to $46.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 29th. Eleven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $45.54.

Toast Price Performance

NYSE:TOST opened at $43.13 on Friday. The stock has a market cap of $22.00 billion, a P/E ratio of 126.85 and a beta of 2.01. Toast, Inc. has a one year low of $22.91 and a one year high of $49.66. The company has a fifty day moving average price of $44.68 and a 200 day moving average price of $39.98.

Toast (NYSE:TOST) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.10). Toast had a net margin of 4.07% and a return on equity of 14.19%. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the prior year, the company posted $0.02 EPS. The company’s quarterly revenue was up 24.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Toast, Inc. will post 0.39 EPS for the current year.

Insiders Place Their Bets

In other Toast news, President Stephen Fredette sold 1,720 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $48.38, for a total transaction of $83,213.60. Following the sale, the president owned 890,818 shares of the company’s stock, valued at $43,097,774.84. This represents a 0.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Elena Gomez sold 2,006 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $48.38, for a total transaction of $97,050.28. Following the transaction, the chief financial officer owned 141,263 shares in the company, valued at approximately $6,834,303.94. The trade was a 1.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 474,054 shares of company stock worth $20,432,166 in the last quarter. 13.32% of the stock is owned by corporate insiders.

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.