Generali Asset Management SPA SGR Takes Position in Toast, Inc. $TOST

Generali Asset Management SPA SGR purchased a new stake in shares of Toast, Inc. (NYSE:TOST) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 51,473 shares of the company’s stock, valued at approximately $1,879,000.

Several other hedge funds have also recently bought and sold shares of the business. RiverPark Advisors LLC purchased a new position in Toast during the 2nd quarter valued at about $30,000. Ameritas Advisory Services LLC acquired a new stake in shares of Toast during the second quarter worth approximately $31,000. REAP Financial Group LLC boosted its holdings in shares of Toast by 173.3% during the second quarter. REAP Financial Group LLC now owns 798 shares of the company’s stock worth $35,000 after purchasing an additional 506 shares during the period. Loomis Sayles & Co. L P purchased a new position in Toast during the second quarter valued at approximately $42,000. Finally, Motco acquired a new position in Toast in the 2nd quarter valued at approximately $44,000. 82.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on TOST. Citigroup upgraded shares of Toast to a “strong-buy” rating in a research report on Thursday, October 23rd. Royal Bank Of Canada set a $45.00 price target on shares of Toast in a research note on Wednesday, November 5th. Jefferies Financial Group cut their price objective on Toast from $54.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Morgan Stanley boosted their target price on Toast from $54.00 to $56.00 and gave the company an “overweight” rating in a research note on Wednesday, November 5th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Toast in a research report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, Toast has a consensus rating of “Moderate Buy” and a consensus target price of $45.18.

Toast Trading Down 4.3%

Shares of NYSE:TOST opened at $33.98 on Friday. The stock has a market capitalization of $17.50 billion, a PE ratio of 79.02 and a beta of 1.93. Toast, Inc. has a 1 year low of $28.12 and a 1 year high of $49.66. The firm has a fifty day moving average price of $35.55 and a 200 day moving average price of $39.87.

Toast (NYSE:TOST) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.58 billion. Toast had a return on equity of 15.77% and a net margin of 4.68%.Toast’s quarterly revenue was up 25.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.07 EPS. On average, sell-side analysts forecast that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Transactions at Toast

In other Toast news, CFO Elena Gomez sold 2,021 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $35.54, for a total transaction of $71,826.34. Following the completion of the sale, the chief financial officer owned 151,463 shares of the company’s stock, valued at $5,382,995.02. This represents a 1.32% 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, General Counsel Brian R. Elworthy sold 1,059 shares of the stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $35.54, for a total value of $37,636.86. Following the transaction, the general counsel owned 229,017 shares in the company, valued at approximately $8,139,264.18. This trade represents a 0.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 7,986 shares of company stock worth $283,822. 12.14% of the stock is currently owned by company insiders.

Toast Company 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.