Amalgamated Bank Has $1.54 Million Stock Position in Toast, Inc. $TOST

Amalgamated Bank grew its position in Toast, Inc. (NYSE:TOST) by 5.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 34,678 shares of the company’s stock after buying an additional 1,778 shares during the period. Amalgamated Bank’s holdings in Toast were worth $1,536,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in TOST. Jennison Associates LLC boosted its position in shares of Toast by 331.0% in the 2nd quarter. Jennison Associates LLC now owns 8,601,887 shares of the company’s stock worth $380,978,000 after purchasing an additional 6,606,245 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Toast by 17.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,454,209 shares of the company’s stock worth $777,978,000 after purchasing an additional 3,490,686 shares during the last quarter. 1832 Asset Management L.P. bought a new position in shares of Toast in the 1st quarter worth $86,650,000. HMI Capital Management L.P. boosted its position in shares of Toast by 57.7% in the 1st 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 last quarter. Finally, Nuveen LLC bought a new position in shares of Toast in the 1st quarter worth $56,473,000. 82.91% of the stock is currently owned by institutional investors.

Insider Transactions at Toast

In other Toast news, CRO Jonathan Vassil sold 1,442 shares of Toast stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $35.54, for a total value of $51,248.68. Following the sale, the executive owned 71,424 shares of the company’s stock, valued at $2,538,408.96. This trade represents a 1.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Elena Gomez sold 2,021 shares of Toast stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $35.54, for a total value of $71,826.34. Following the completion of the sale, the chief financial officer directly owned 151,463 shares in the company, valued at approximately $5,382,995.02. This represents a 1.32% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 62,259 shares of company stock worth $2,299,020. 12.14% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on TOST. Wolfe Research restated an “outperform” rating and issued a $48.00 price target on shares of Toast in a research report on Wednesday. Barclays restated an “overweight” rating on shares of Toast in a research report on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft began coverage on Toast in a report on Thursday, July 17th. They set a “buy” rating and a $54.00 target price on the stock. Truist Financial set a $47.00 target price on Toast in a report on Friday, October 24th. Finally, DA Davidson set a $42.00 target price on Toast in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $45.61.

Toast Price Performance

TOST opened at $39.03 on Thursday. The business’s 50-day moving average price is $38.66 and its two-hundred day moving average price is $41.38. Toast, Inc. has a 1 year low of $28.12 and a 1 year high of $49.66. The company has a market capitalization of $19.91 billion, a price-to-earnings ratio of 90.77 and a beta of 1.94.

Toast (NYSE:TOST) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.08). Toast had a net margin of 4.68% and a return on equity of 16.56%. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same period in the prior year, the business earned $0.07 EPS. The business’s revenue for the quarter was up 25.1% compared to the same quarter last year. Sell-side analysts anticipate that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

About Toast

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.