Capstone Investment Advisors LLC Invests $212,000 in Toast, Inc. (NYSE:TOST)

Capstone Investment Advisors LLC bought a new position in Toast, Inc. (NYSE:TOSTFree Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 8,515 shares of the company’s stock, valued at approximately $212,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Morgan Stanley boosted its position in Toast by 149.3% during the third quarter. Morgan Stanley now owns 12,007,286 shares of the company’s stock valued at $224,896,000 after purchasing an additional 7,191,595 shares during the last quarter. Norges Bank acquired a new stake in Toast during the fourth quarter valued at $76,699,000. Meritage Group LP acquired a new stake in Toast during the fourth quarter valued at $70,270,000. Vanguard Group Inc. boosted its position in Toast by 11.1% during the third quarter. Vanguard Group Inc. now owns 35,079,123 shares of the company’s stock valued at $657,032,000 after purchasing an additional 3,494,579 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in Toast by 69.6% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,600,377 shares of the company’s stock valued at $120,523,000 after purchasing an additional 2,708,597 shares during the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Royal Bank of Canada lifted their price objective on Toast from $23.00 to $27.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 8th. The Goldman Sachs Group raised their target price on Toast from $26.00 to $29.00 and gave the company a “buy” rating in a report on Monday, April 15th. UBS Group raised their target price on Toast from $22.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Stephens restated an “equal weight” rating and set a $28.00 target price on shares of Toast in a report on Thursday, May 30th. Finally, Mizuho raised their target price on Toast from $17.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, May 9th. One analyst has rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $26.14.

View Our Latest Analysis on TOST

Toast Trading Down 4.2 %

TOST stock opened at $23.88 on Thursday. Toast, Inc. has a 1-year low of $13.77 and a 1-year high of $27.90. The firm has a market cap of $10.82 billion, a P/E ratio of -47.76 and a beta of 1.76. The business’s 50 day moving average is $24.83 and its 200-day moving average is $22.47.

Toast (NYSE:TOSTGet Free Report) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.15) earnings per share for the quarter, meeting the consensus estimate of ($0.15). Toast had a negative return on equity of 21.45% and a negative net margin of 6.02%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the company posted ($0.16) EPS. The company’s revenue was up 31.3% compared to the same quarter last year. Sell-side analysts forecast that Toast, Inc. will post -0.14 EPS for the current year.

Insider Activity

In related news, Director Christopher P. Comparato sold 80,000 shares of the stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $24.23, for a total transaction of $1,938,400.00. Following the sale, the director now directly owns 97,762 shares in the company, valued at approximately $2,368,773.26. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider James Michael Matlock sold 1,854 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $25.64, for a total transaction of $47,536.56. Following the sale, the insider now directly owns 48,118 shares in the company, valued at approximately $1,233,745.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Christopher P. Comparato sold 80,000 shares of the stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $24.23, for a total value of $1,938,400.00. Following the completion of the transaction, the director now owns 97,762 shares in the company, valued at $2,368,773.26. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 229,253 shares of company stock worth $5,630,212. Company insiders own 13.32% of the company’s stock.

Toast Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Toast (NYSE:TOST)

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