5,695 Shares in Toast, Inc. $TOST Purchased by Callan Family Office LLC

Callan Family Office LLC acquired a new stake in shares of Toast, Inc. (NYSE:TOST) in the 2nd quarter, HoldingsChannel reports. The firm acquired 5,695 shares of the company’s stock, valued at approximately $252,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TOST. Principal Financial Group Inc. boosted its position in Toast by 14,258.8% during the 1st quarter. Principal Financial Group Inc. now owns 5,474,443 shares of the company’s stock worth $181,587,000 after buying an additional 5,436,317 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Toast by 17.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 23,454,209 shares of the company’s stock valued at $777,978,000 after acquiring an additional 3,490,686 shares during the last quarter. 1832 Asset Management L.P. bought a new position in shares of Toast during the first quarter valued at $86,650,000. HMI Capital Management L.P. lifted its holdings in shares of Toast by 57.7% during the first quarter. HMI Capital Management L.P. now owns 5,203,183 shares of the company’s stock worth $172,590,000 after purchasing an additional 1,904,040 shares during the period. Finally, Nuveen LLC bought a new stake in shares of Toast in the first quarter worth $56,473,000. 82.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TOST has been the subject of several analyst reports. JPMorgan Chase & Co. raised their target price on Toast from $42.00 to $52.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 6th. The Goldman Sachs Group lowered their price objective on Toast from $51.00 to $41.00 and set a “neutral” rating for the company in a research report on Monday. Robert W. Baird reduced their target price on Toast from $48.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Toast in a research report on Thursday, July 17th. They set a “buy” rating and a $54.00 target price for the company. Finally, Needham & Company LLC boosted their price target on shares of Toast from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Fifteen analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Toast currently has an average rating of “Moderate Buy” and an average price target of $45.35.

Toast Stock Up 0.4%

TOST stock opened at $37.36 on Friday. The stock’s 50 day moving average is $40.33 and its 200-day moving average is $40.88. Toast, Inc. has a twelve month low of $28.12 and a twelve month high of $49.66. The firm has a market capitalization of $19.05 billion, a PE ratio of 109.88 and a beta of 1.94.

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

Insider Activity at Toast

In related news, President Stephen Fredette sold 7,550 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 value of $268,478.00. Following the sale, the president directly owned 898,475 shares in the company, valued at approximately $31,949,771. The trade was a 0.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Aman Narang sold 13,652 shares of the company’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $35.56, for a total transaction of $485,465.12. Following the sale, the chief executive officer directly owned 318,150 shares in the company, valued at approximately $11,313,414. This trade represents a 4.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 62,196 shares of company stock worth $2,398,513 over the last 90 days. Corporate insiders own 12.14% 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.