New York State Teachers Retirement System Grows Stake in Toast, Inc. $TOST

New York State Teachers Retirement System boosted its position in shares of Toast, Inc. (NYSE:TOST) by 465.6% during the 4th quarter, HoldingsChannel reports. The firm owned 26,984 shares of the company’s stock after buying an additional 22,213 shares during the period. New York State Teachers Retirement System’s holdings in Toast were worth $958,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Wynn Capital LLC increased its holdings in Toast by 2.1% during the 4th quarter. Wynn Capital LLC now owns 13,755 shares of the company’s stock worth $488,000 after purchasing an additional 280 shares during the period. Bridgewater Advisors Inc. increased its holdings in Toast by 2.3% during the 3rd quarter. Bridgewater Advisors Inc. now owns 13,107 shares of the company’s stock worth $472,000 after purchasing an additional 294 shares during the period. Investment Management Corp VA ADV increased its holdings in Toast by 2.4% during the 3rd quarter. Investment Management Corp VA ADV now owns 14,192 shares of the company’s stock worth $518,000 after purchasing an additional 339 shares during the period. BOKF NA increased its holdings in Toast by 4.5% during the 3rd quarter. BOKF NA now owns 8,023 shares of the company’s stock worth $293,000 after purchasing an additional 345 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in Toast by 1.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,857 shares of the company’s stock worth $1,012,000 after purchasing an additional 380 shares during the period. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Toast Trading Down 0.1%

Shares of NYSE:TOST opened at $25.03 on Monday. Toast, Inc. has a 12-month low of $24.04 and a 12-month high of $49.66. The business’s fifty day simple moving average is $27.82 and its 200-day simple moving average is $31.77. The company has a market capitalization of $12.90 billion, a PE ratio of 38.50 and a beta of 1.81.

Toast (NYSE:TOST) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.62 billion. Toast had a return on equity of 20.87% and a net margin of 6.39%.The firm’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.05 EPS. Research analysts predict that Toast, Inc. will post 0.81 EPS for the current year.

Toast announced that its board has authorized a share buyback program on Thursday, February 12th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TOST. BMO Capital Markets began coverage on Toast in a report on Tuesday, April 21st. They issued an “outperform” rating and a $35.00 price target on the stock. Loop Capital began coverage on Toast in a report on Tuesday, March 31st. They issued a “hold” rating and a $26.00 price target on the stock. Canaccord Genuity Group set a $37.00 price target on Toast in a report on Friday, February 13th. Jefferies Financial Group set a $35.00 price target on Toast in a report on Friday, February 13th. Finally, Evercore upgraded Toast from an “in-line” rating to an “outperform” rating and set a $40.00 price target on the stock in a report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.71.

Insider Transactions at Toast

In other news, CFO Elena Gomez sold 8,929 shares of the firm’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $26.19, for a total value of $233,850.51. Following the completion of the sale, the chief financial officer owned 173,064 shares of the company’s stock, valued at $4,532,546.16. This trade represents a 4.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Aman Narang sold 13,463 shares of the firm’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $26.19, for a total value of $352,595.97. Following the completion of the sale, the chief executive officer directly owned 54,013 shares of the company’s stock, valued at $1,414,600.47. The trade was a 19.95% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 39,783 shares of company stock worth $1,041,917. 12.14% of the stock is currently owned by corporate insiders.

Trending Headlines about Toast

Here are the key news stories impacting Toast this week:

• Positive Sentiment: Toast raised its full-year profitability outlook, guiding to $790 million to $810 million in adjusted EBITDA for FY2026, supported by expected 21% to 23% recurring gross profit growth. Article Title
• Positive Sentiment: Revenue continued to grow at a strong pace, with Q1 sales of about $1.63 billion and year-over-year growth around 22%, showing the business is still expanding quickly. Article Title
• Neutral Sentiment: Analysts were mixed on the quarter: some reports said Toast beat earnings expectations, while others said adjusted EPS came in below estimates depending on the metric used, which may be adding to the confusion around the stock. Article Title
• Neutral Sentiment: Toast’s Q1 earnings call transcript and related coverage suggest investors are still parsing management’s commentary for signs of margin durability and growth momentum. Article Title
• Negative Sentiment: The stock is under pressure because the market appears focused more on any earnings disappointment and valuation concerns than on the improved guidance. Article Title
• Negative Sentiment: Citigroup cut its price target on Toast to $36 from $42, signaling a more cautious near-term outlook even while maintaining a buy rating. Article Title

Toast Profile

Toast, Inc (NYSE: TOST) is a technology company that builds a cloud-based platform for restaurants and other foodservice businesses. Headquartered in Boston, Massachusetts, Toast offers integrated point-of-sale (POS) systems and a suite of software and hardware designed to streamline front-of-house and back-of-house operations. The company went public in 2021 and has positioned itself as a vertically integrated provider for the restaurant industry.

Toast’s product portfolio includes touchscreen POS terminals and handheld order-and-pay devices, kitchen display systems, and peripherals tailored for high-volume foodservice environments.