Toast, Inc. (NYSE:TOST) Position Boosted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in shares of Toast, Inc. (NYSE:TOST) by 5.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,092,210 shares of the company’s stock after purchasing an additional 153,723 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Toast were worth $102,569,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Wayfinding Financial LLC acquired a new position in shares of Toast in the first quarter worth about $34,000. Piscataqua Savings Bank boosted its holdings in shares of Toast by 57.1% in the first quarter. Piscataqua Savings Bank now owns 1,100 shares of the company’s stock worth $36,000 after buying an additional 400 shares during the period. West Branch Capital LLC boosted its holdings in shares of Toast by 862.1% in the first quarter. West Branch Capital LLC now owns 1,116 shares of the company’s stock worth $37,000 after buying an additional 1,000 shares during the period. SBI Securities Co. Ltd. boosted its holdings 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 period. Finally, Signaturefd LLC boosted its holdings in shares of Toast by 227.1% in the first quarter. Signaturefd LLC now owns 1,472 shares of the company’s stock worth $49,000 after buying an additional 1,022 shares during the period. Institutional investors own 82.91% of the company’s stock.

Insider Buying and Selling

In other news, General Counsel Brian R. Elworthy sold 300,000 shares of Toast stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $42.60, for a total value of $12,780,000.00. Following the transaction, the general counsel owned 216,156 shares of the company’s stock, valued at $9,208,245.60. This trade represents a 58.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Paul D. Bell sold 11,000 shares of Toast stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $45.13, for a total transaction of $496,430.00. Following the completion of the transaction, the director directly owned 229,680 shares in the company, valued at approximately $10,365,458.40. This represents a 4.57% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 404,054 shares of company stock valued at $17,300,366. 12.14% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have commented on TOST. Piper Sandler raised their target price on shares of Toast from $35.00 to $37.00 and gave the stock a “neutral” rating in a report on Friday, May 9th. BMO Capital Markets raised their target price on shares of Toast from $44.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, May 12th. Truist Financial raised their target price on shares of Toast from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, July 17th. Wolfe Research upgraded shares of Toast from a “peer perform” rating to an “outperform” rating and set a $44.00 price target for the company in a report on Wednesday, April 23rd. Finally, DA Davidson raised their price target on shares of Toast from $40.00 to $46.00 and gave the stock a “neutral” rating in a report on Tuesday, July 29th. Eleven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, Toast has an average rating of “Moderate Buy” and a consensus price target of $45.54.

Toast Stock Up 2.0%

NYSE TOST opened at $44.11 on Wednesday. The stock has a market capitalization of $22.50 billion, a PE ratio of 129.74 and a beta of 2.01. The company has a 50 day moving average price of $44.74 and a two-hundred day moving average price of $40.04. Toast, Inc. has a 12-month low of $22.91 and a 12-month high of $49.66.

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