Total Wealth Planning & Management Inc. Purchases 17,830 Shares of Toast, Inc. $TOST

Total Wealth Planning & Management Inc. purchased a new stake in shares of Toast, Inc. (NYSE:TOST) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 17,830 shares of the company’s stock, valued at approximately $517,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TOST. Signaturefd LLC boosted its holdings in Toast by 16.0% in the 3rd quarter. Signaturefd LLC now owns 12,661 shares of the company’s stock valued at $367,000 after purchasing an additional 1,744 shares during the last quarter. Fifth Third Wealth Advisors LLC purchased a new stake in shares of Toast in the 3rd quarter valued at approximately $447,000. Yousif Capital Management LLC grew its stake in shares of Toast by 2.9% in the 3rd quarter. Yousif Capital Management LLC now owns 133,913 shares of the company’s stock valued at $3,882,000 after buying an additional 3,783 shares during the period. Maestria Partners LLC acquired a new stake in shares of Toast during the 3rd quarter worth approximately $11,596,000. Finally, Royal Fund Management LLC increased its holdings in shares of Toast by 41.0% during the 3rd quarter. Royal Fund Management LLC now owns 64,600 shares of the company’s stock worth $1,873,000 after buying an additional 18,800 shares during the last quarter. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Toast

In related news, General Counsel Brian Elworthy sold 6,507 shares of Toast stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $29.35, for a total value of $190,980.45. Following the completion of the sale, the general counsel owned 204,023 shares in the company, valued at approximately $5,988,075.05. This trade represents a 3.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Jonathan Vassil sold 7,623 shares of the business’s stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $30.19, for a total value of $230,138.37. Following the completion of the sale, the executive directly owned 77,424 shares in the company, valued at approximately $2,337,430.56. The trade was a 8.96% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 534,830 shares of company stock worth $18,566,600 in the last three months. Company insiders own 10.03% of the company’s stock.

Toast Price Performance

Shares of TOST opened at $32.71 on Monday. Toast, Inc. has a 1-year low of $22.26 and a 1-year high of $39.72. The stock has a market cap of $16.81 billion, a PE ratio of 41.94 and a beta of 1.74. The firm has a 50-day simple moving average of $32.35 and a two-hundred day simple moving average of $29.45.

Toast (NYSE:TOST) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). Toast had a net margin of 7.14% and a return on equity of 23.90%. The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period last year, the firm posted $0.13 earnings per share. Toast’s revenue was up 23.1% on a year-over-year basis. As a group, sell-side analysts expect that Toast, Inc. will post 1.00 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TOST. Piper Sandler lifted their price target on shares of Toast from $32.00 to $39.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. Royal Bank Of Canada upped their price objective on Toast from $36.00 to $44.00 and gave the company a “sector perform” rating in a report on Monday, August 31st. Needham & Company LLC increased their price objective on Toast from $35.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Robert W. Baird raised their target price on Toast from $30.00 to $33.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Finally, Canaccord Genuity Group set a $40.00 target price on Toast in a research report on Wednesday, August 5th. Seventeen research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.11.

Toast Company Profile

Toast, Inc (NYSE:TOST) provides a cloud-based technology platform designed for restaurants. Its integrated system combines point-of-sale software and hardware with payment processing, helping restaurants manage sales, orders, menus, guest interactions and day-to-day operations from a unified platform.

The company offers products and services including online ordering, delivery management, digital ordering and payment tools, restaurant websites, gift cards, loyalty programs, marketing, labor management, payroll, inventory management, reporting and analytics.