Annis Gardner Whiting Capital Advisors LLC Purchases Shares of 16,260 Toast, Inc. $TOST

Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Toast, Inc. (NYSE:TOST) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 16,260 shares of the company’s stock, valued at approximately $594,000.

Several other institutional investors have also made changes to their positions in TOST. Roundview Capital LLC increased its stake in Toast by 0.6% in the second quarter. Roundview Capital LLC now owns 43,619 shares of the company’s stock valued at $1,932,000 after acquiring an additional 245 shares during the period. Cim LLC lifted its stake in Toast by 0.7% during the second quarter. Cim LLC now owns 38,302 shares of the company’s stock worth $1,696,000 after purchasing an additional 273 shares during the period. True Vision MN LLC boosted its holdings in Toast by 3.6% during the second quarter. True Vision MN LLC now owns 8,186 shares of the company’s stock valued at $363,000 after purchasing an additional 285 shares in the last quarter. Trinity Financial Advisors LLC grew its stake in shares of Toast by 2.5% in the 3rd quarter. Trinity Financial Advisors LLC now owns 12,094 shares of the company’s stock valued at $442,000 after purchasing an additional 296 shares during the period. Finally, Parkside Financial Bank & Trust grew its stake in shares of Toast by 4.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 6,921 shares of the company’s stock valued at $307,000 after purchasing an additional 306 shares during the period. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on TOST. Truist Financial set a $42.00 target price on Toast in a research report on Tuesday, January 20th. UBS Group reiterated a “buy” rating on shares of Toast in a research note on Thursday, December 18th. The Goldman Sachs Group cut their price objective on Toast from $51.00 to $41.00 and set a “neutral” rating for the company in a report on Monday, October 13th. Royal Bank Of Canada set a $45.00 target price on shares of Toast in a research note on Wednesday, November 5th. Finally, Citigroup upgraded shares of Toast to a “strong-buy” rating in a research report on Thursday, October 23rd. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $45.82.

Toast Trading Down 2.5%

TOST opened at $31.05 on Friday. Toast, Inc. has a 1-year low of $28.12 and a 1-year high of $49.66. The stock has a market capitalization of $15.99 billion, a PE ratio of 72.20 and a beta of 1.93. The firm has a 50-day moving average price of $34.81 and a two-hundred day moving average price of $38.68.

Toast (NYSE:TOST) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.08). The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.58 billion. Toast had a net margin of 4.68% and a return on equity of 15.77%. Toast’s revenue for the quarter was up 25.1% compared to the same quarter last year. During the same period last year, the company earned $0.07 earnings per share. On average, research analysts predict that Toast, Inc. will post 0.39 EPS for the current year.

Insider Transactions at Toast

In other news, CEO Aman Narang sold 8,591 shares of Toast stock in a transaction on Monday, January 5th. The stock was sold at an average price of $34.38, for a total value of $295,358.58. Following the completion of the sale, the chief executive officer directly owned 338,850 shares of the company’s stock, valued at approximately $11,649,663. This trade represents a 2.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Elena Gomez sold 6,672 shares of the business’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $34.38, for a total value of $229,383.36. Following the sale, the chief financial officer owned 162,153 shares of the company’s stock, valued at approximately $5,574,820.14. The trade was a 3.95% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 102,595 shares of company stock worth $3,634,737. Corporate insiders own 12.14% of the company’s stock.

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.