Toast, Inc. $TOST Shares Acquired by Fairvoy Private Wealth LLC

Fairvoy Private Wealth LLC increased its holdings in Toast, Inc. (NYSE:TOST) by 1.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,511 shares of the company’s stock after acquiring an additional 369 shares during the quarter. Fairvoy Private Wealth LLC’s holdings in Toast were worth $1,307,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Ascent Group LLC increased its stake in Toast by 9.6% in the 2nd quarter. Ascent Group LLC now owns 23,030 shares of the company’s stock valued at $1,020,000 after buying an additional 2,026 shares during the period. Ameritas Advisory Services LLC acquired a new position in Toast in the 2nd quarter valued at $31,000. J. Safra Sarasin Holding AG acquired a new position in Toast in the 2nd quarter valued at $1,923,000. ASR Vermogensbeheer N.V. increased its stake in Toast by 56.0% in the 2nd quarter. ASR Vermogensbeheer N.V. now owns 23,386 shares of the company’s stock valued at $1,036,000 after buying an additional 8,391 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its stake in Toast by 105.7% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 944,600 shares of the company’s stock valued at $41,836,000 after buying an additional 485,428 shares during the period. 82.91% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CRO Jonathan Vassil sold 6,530 shares of the business’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $35.56, for a total value of $232,206.80. Following the sale, the executive directly owned 69,932 shares in the company, valued at $2,486,781.92. The trade was a 8.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Elena Gomez sold 9,054 shares of the business’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $35.56, for a total transaction of $321,960.24. Following the completion of the sale, the chief financial officer owned 149,572 shares in the company, valued at $5,318,780.32. This represents a 5.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 62,196 shares of company stock worth $2,398,513. 12.14% of the stock is owned by company insiders.

Toast Stock Up 1.3%

NYSE:TOST opened at $36.58 on Friday. Toast, Inc. has a fifty-two week low of $27.65 and a fifty-two week high of $49.66. The stock has a market cap of $18.66 billion, a PE ratio of 107.60 and a beta of 1.94. The firm’s fifty day simple moving average is $42.32 and its 200-day simple moving average is $40.78.

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

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Citigroup reissued a “buy” rating on shares of Toast in a research note on Wednesday, July 16th. Wall Street Zen raised shares of Toast from a “hold” rating to a “buy” rating in a research note on Friday. Robert W. Baird set a $48.00 price objective on shares of Toast in a research note on Monday, September 22nd. Truist Financial upped their price target on shares of Toast from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. Finally, Jefferies Financial Group upped their price target on shares of Toast from $50.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Fifteen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, Toast has a consensus rating of “Moderate Buy” and an average price target of $46.30.

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.