Toast, Inc. $TOST Stock Position Increased by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. boosted its position in Toast, Inc. (NYSE:TOST) by 6.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 264,285 shares of the company’s stock after buying an additional 15,071 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Toast were worth $11,705,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Roundview Capital LLC raised its holdings in shares of Toast by 0.6% in the 2nd quarter. Roundview Capital LLC now owns 43,619 shares of the company’s stock worth $1,932,000 after purchasing an additional 245 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Toast by 7.2% in the 2nd quarter. GAMMA Investing LLC now owns 4,139 shares of the company’s stock worth $183,000 after purchasing an additional 278 shares in the last quarter. SBI Securities Co. Ltd. increased its position in shares of Toast by 29.2% in 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 in the last quarter. True Vision MN LLC increased its position in shares of Toast by 3.6% in the second quarter. True Vision MN LLC now owns 8,186 shares of the company’s stock worth $363,000 after acquiring an additional 285 shares in the last quarter. Finally, Stonekeep Investments LLC increased its position in shares of Toast by 4.0% in the first quarter. Stonekeep Investments LLC now owns 7,791 shares of the company’s stock worth $258,000 after acquiring an additional 297 shares in the last quarter. 82.91% of the stock is currently owned by institutional investors.

Insider Transactions at Toast

In other news, CRO Jonathan Vassil sold 6,530 shares of the company’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 $232,206.80. Following the sale, the executive owned 69,932 shares in the company, valued at $2,486,781.92. This represents a 8.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Elena Gomez sold 9,054 shares of the company’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 $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. The trade was a 5.71% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 62,196 shares of company stock valued at $2,398,513. 12.14% of the stock is owned by insiders.

Analysts Set New Price Targets

TOST has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Toast in a research report on Thursday, July 17th. They issued a “buy” rating and a $54.00 target price on the stock. Citigroup reiterated a “buy” rating on shares of Toast in a research note on Wednesday, July 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Toast in a research note on Wednesday, October 8th. Truist Financial upped their price objective on shares of Toast from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, July 17th. Finally, Needham & Company LLC upped their price objective on shares of Toast from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Fifteen analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, Toast currently has a consensus rating of “Moderate Buy” and an average price target of $46.09.

Toast Trading Up 2.4%

TOST opened at $38.57 on Wednesday. The stock has a fifty day moving average price of $40.00 and a 200-day moving average price of $41.03. The firm has a market cap of $19.67 billion, a price-to-earnings ratio of 113.45 and a beta of 1.94. Toast, Inc. has a 12 month low of $28.12 and a 12 month high of $49.66.

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

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.