Whipplewood Advisors LLC Boosts Holdings in Toast, Inc. $TOST

Whipplewood Advisors LLC grew its position in shares of Toast, Inc. (NYSE:TOST) by 2,356.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,007 shares of the company’s stock after purchasing an additional 966 shares during the period. Whipplewood Advisors LLC’s holdings in Toast were worth $45,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Ameritas Advisory Services LLC purchased a new stake in shares of Toast during the second quarter valued at approximately $31,000. Wayfinding Financial LLC bought a new stake in shares of Toast in the first quarter worth $34,000. REAP Financial Group LLC increased its stake in shares of Toast by 173.3% in the second quarter. REAP Financial Group LLC now owns 798 shares of the company’s stock worth $35,000 after buying an additional 506 shares during the last quarter. SBI Securities Co. Ltd. increased its stake 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 buying an additional 284 shares during the last quarter. Finally, Cullen Frost Bankers Inc. increased its stake in shares of Toast by 1,383.8% in the second quarter. Cullen Frost Bankers Inc. now owns 1,009 shares of the company’s stock worth $45,000 after buying an additional 941 shares during the last quarter. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Insider Activity at Toast

In related news, President Stephen Fredette sold 7,550 shares of Toast stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $35.56, for a total transaction of $268,478.00. Following the sale, the president directly owned 898,475 shares in the company, valued at $31,949,771. The trade was a 0.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Aman Narang sold 13,652 shares of Toast 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 owned 318,150 shares in the company, valued at approximately $11,313,414. This represents a 4.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 62,196 shares of company stock valued at $2,398,513. Company insiders own 12.14% of the company’s stock.

Toast Stock Performance

Shares of TOST opened at $38.94 on Tuesday. Toast, Inc. has a 1 year low of $28.12 and a 1 year high of $49.66. The company has a market cap of $19.86 billion, a price-to-earnings ratio of 114.54 and a beta of 1.94. The firm has a fifty day moving average of $39.63 and a 200-day moving average of $41.28.

Toast (NYSE:TOST) last announced its quarterly 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). 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 analyst estimates of $1.52 billion. During the same period last year, the firm posted $0.02 EPS. The business’s revenue was up 24.8% compared to the same quarter last year. Analysts predict that Toast, Inc. will post 0.39 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Toast from $42.00 to $52.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. Weiss Ratings restated a “hold (c)” rating on shares of Toast in a research note on Wednesday, October 8th. Barclays restated an “overweight” rating on shares of Toast in a research note on Wednesday, July 16th. Wells Fargo & Company upgraded shares of Toast to a “strong-buy” rating in a research note on Wednesday, October 22nd. Finally, Truist Financial set a $47.00 price target on shares of Toast in a research note on Friday. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.17.

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.