Envestnet Asset Management Inc. Has $22.56 Million Position in Toast, Inc. $TOST

Envestnet Asset Management Inc. increased its stake in shares of Toast, Inc. (NYSE:TOST) by 37.4% in the third quarter, Holdings Channel.com reports. The firm owned 617,810 shares of the company’s stock after buying an additional 168,039 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Toast were worth $22,556,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Quent Capital LLC purchased a new stake in shares of Toast during the third quarter valued at approximately $27,000. RiverPark Advisors LLC bought a new position in Toast in the 2nd quarter valued at $30,000. Alpine Bank Wealth Management purchased a new stake in shares of Toast during the 3rd quarter valued at $30,000. Wolff Wiese Magana LLC bought a new stake in shares of Toast during the 3rd quarter worth $37,000. Finally, Loomis Sayles & Co. L P bought a new stake in shares of Toast during the 2nd quarter worth $42,000. Institutional investors own 82.91% of the company’s stock.

Analysts Set New Price Targets

TOST has been the subject of several research reports. Oppenheimer reduced their price objective on Toast from $48.00 to $39.00 and set an “outperform” rating for the company in a report on Friday. Jefferies Financial Group set a $35.00 price target on Toast in a research report on Friday. Royal Bank Of Canada set a $45.00 price target on Toast in a research note on Wednesday, November 5th. UBS Group set a $40.00 price objective on Toast in a research note on Friday. Finally, Citigroup dropped their price objective on shares of Toast from $51.00 to $42.00 and set a “buy” rating on the stock in a report on Friday. Fifteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $41.18.

Insider Buying and Selling

In other Toast news, CFO Elena Gomez sold 1,437 shares of Toast stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $30.34, for a total value of $43,598.58. Following the transaction, the chief financial officer directly owned 164,629 shares of the company’s stock, valued at $4,994,843.86. The trade was a 0.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Stephen Fredette sold 1,060 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $30.34, for a total value of $32,160.40. Following the completion of the sale, the president owned 913,067 shares of the company’s stock, valued at $27,702,452.78. The trade was a 0.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 100,856 shares of company stock worth $3,540,449 in the last 90 days. 12.14% of the stock is currently owned by company insiders.

Toast Stock Performance

Shares of Toast stock opened at $27.24 on Friday. Toast, Inc. has a 52-week low of $25.91 and a 52-week high of $49.66. The company has a fifty day moving average of $33.55 and a 200-day moving average of $37.28. The stock has a market capitalization of $16.01 billion, a price-to-earnings ratio of 50.44 and a beta of 1.93.

Toast (NYSE:TOST) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.08). Toast had a return on equity of 18.86% and a net margin of 5.56%.The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same period in the prior year, the firm earned $0.05 earnings per share. The business’s revenue for the quarter was up 22.0% on a year-over-year basis. On average, equities research analysts forecast that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Toast announced that its Board of Directors has authorized a stock buyback plan on Thursday, February 12th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Key Toast News

Here are the key news stories impacting Toast this week:

• Positive Sentiment: Revenue and growth: Q4 revenue was $1.63B, up ~22% year-over-year and roughly in line with consensus, signaling sustained top-line momentum that supports longer‑term ARR expansion. Read More.
• Positive Sentiment: Analyst support remains: Major firms (Citigroup and Needham) kept “Buy” ratings even after trimming targets, which can limit downside from negative headlines and signals continued institutional conviction. Read More. Read More.
• Neutral Sentiment: Board authorizes buyback: The company announced a share-repurchase authorization; the report listed $0.00 in buyback dollars (no dollar amount disclosed), so the move signals intent but lacks immediate capital deployment details. Read More.
• Neutral Sentiment: Market commentary: Bullish analyst/guest pieces argue Toast’s ARR growth, margin expansion and industry position make it resilient amid sector pressures — helpful for sentiment but not new financial data. Read More.
• Negative Sentiment: EPS miss: Toast reported EPS below consensus ($0.16 reported vs. ~$0.24 expected per consensus), which is an earnings disappointment that likely pressured some short‑term investor sentiment. Read More.
• Negative Sentiment: Price target cuts: Citigroup cut its target from $51 to $42 and Needham trimmed theirs from $60 to $35 — reductions that reduce analyst-derived upside even though both maintained Buy ratings. Read More. Read More.

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.