Toast, Inc. $TOST Shares Newly Acquired by Maestria Partners LLC

Maestria Partners LLC purchased a new position in shares of Toast, Inc. (NYSE:TOST) in the third quarter, HoldingsChannel reports. The institutional investor purchased 400,000 shares of the company’s stock, valued at approximately $11,596,000. Toast accounts for 3.9% of Maestria Partners LLC’s investment portfolio, making the stock its 15th biggest holding.

Other institutional investors also recently added to or reduced their stakes in the company. Royal Fund Management LLC grew its stake in shares of Toast by 41.0% in the 3rd quarter. Royal Fund Management LLC now owns 64,600 shares of the company’s stock valued at $1,873,000 after purchasing an additional 18,800 shares during the period. Crossmark Global Holdings Inc. acquired a new position in shares of Toast in the 3rd quarter worth approximately $455,000. Louisbourg Investments Inc. acquired a new position in shares of Toast in the 3rd quarter worth approximately $6,401,000. Net Worth Advisory Group acquired a new position in shares of Toast in the 3rd quarter worth approximately $222,000. Finally, Arkfeld Wealth Strategies L.L.C. lifted its position in shares of Toast by 38.2% during the 3rd quarter. Arkfeld Wealth Strategies L.L.C. now owns 366,047 shares of the company’s stock worth $11,183,000 after buying an additional 101,226 shares during the period. 82.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Toast

In other Toast news, CRO Jonathan Vassil sold 7,623 shares of Toast stock in a transaction on Monday, October 5th. The stock was sold at an average price of $30.19, for a total value of $230,138.37. Following the completion of the transaction, the executive owned 77,424 shares in the company, valued at approximately $2,337,430.56. The trade was a 8.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Aman Narang sold 14,713 shares of Toast stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $29.35, for a total value of $431,826.55. Following the completion of the transaction, the chief executive officer owned 86,543 shares of the company’s stock, valued at approximately $2,540,037.05. The trade was a 14.53% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 534,830 shares of company stock worth $18,566,600 over the last 90 days. Company insiders own 10.03% of the company’s stock.

Analyst Upgrades and Downgrades

TOST has been the subject of several analyst reports. Keefe, Bruyette & Woods raised their target price on Toast from $30.00 to $35.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 5th. Canaccord Genuity Group set a $40.00 price target on Toast in a research report on Wednesday, August 5th. BMO Capital Markets upped their price target on Toast from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. UBS Group lifted their price objective on Toast from $34.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Finally, Jefferies Financial Group set a $40.00 target price on shares of Toast in a research note on Wednesday, August 5th. Seventeen analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, Toast has an average rating of “Moderate Buy” and an average target price of $39.11.

Toast Trading Up 2.7%

Shares of Toast stock opened at $33.41 on Friday. The stock has a market capitalization of $17.18 billion, a price-to-earnings ratio of 41.19 and a beta of 1.74. The firm’s 50-day moving average price is $32.40 and its two-hundred day moving average price is $29.41. Toast, Inc. has a 1-year low of $22.26 and a 1-year high of $39.72.

Toast (NYSE:TOST) last posted its earnings results on Tuesday, August 4th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). Toast had a net margin of 7.14% and a return on equity of 23.90%. The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the firm posted $0.13 EPS. The business’s revenue was up 23.1% on a year-over-year basis. As a group, equities research analysts predict that Toast, Inc. will post 1.00 EPS for the current year.

About Toast

Toast, Inc (NYSE:TOST) provides a cloud-based technology platform designed for restaurants. Its integrated system combines point-of-sale software and hardware with payment processing, helping restaurants manage sales, orders, menus, guest interactions and day-to-day operations from a unified platform.

The company offers products and services including online ordering, delivery management, digital ordering and payment tools, restaurant websites, gift cards, loyalty programs, marketing, labor management, payroll, inventory management, reporting and analytics.