Toast, Inc. $TOST Shares Bought by Dnca Finance

Dnca Finance grew its holdings in Toast, Inc. (NYSE:TOST) by 68.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 155,500 shares of the company’s stock after buying an additional 63,050 shares during the quarter. Dnca Finance’s holdings in Toast were worth $6,887,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of TOST. Vanguard Group Inc. raised its position in Toast by 1.1% in the second quarter. Vanguard Group Inc. now owns 44,411,722 shares of the company’s stock worth $1,966,995,000 after acquiring an additional 466,138 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Toast by 17.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,454,209 shares of the company’s stock worth $777,978,000 after purchasing an additional 3,490,686 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of Toast by 7.5% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 15,520,360 shares of the company’s stock worth $514,811,000 after purchasing an additional 1,082,958 shares during the period. Jennison Associates LLC lifted its stake in shares of Toast by 331.0% in the second quarter. Jennison Associates LLC now owns 8,601,887 shares of the company’s stock valued at $380,978,000 after purchasing an additional 6,606,245 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Toast by 2.8% during the second quarter. Geode Capital Management LLC now owns 7,902,519 shares of the company’s stock worth $348,906,000 after buying an additional 218,537 shares in the last quarter. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Toast

In related news, President Stephen Fredette sold 1,732 shares of Toast stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $35.54, for a total transaction of $61,555.28. Following the completion of the sale, the president owned 900,264 shares in the company, valued at approximately $31,995,382.56. This trade represents a 0.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Aman Narang sold 1,732 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $35.54, for a total transaction of $61,555.28. Following the completion of the transaction, the chief executive officer owned 319,939 shares in the company, valued at approximately $11,370,632.06. This trade represents a 0.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 49,759 shares of company stock valued at $1,769,270. 12.14% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on TOST shares. Citigroup raised shares of Toast to a “strong-buy” rating in a report on Thursday, October 23rd. Truist Financial decreased their price target on Toast from $47.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, November 13th. Royal Bank Of Canada set a $45.00 price objective on Toast in a research note on Wednesday, November 5th. UBS Group set a $43.00 price objective on Toast in a report on Thursday. Finally, Robert W. Baird decreased their target price on Toast from $48.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $45.18.

Toast Price Performance

Shares of Toast stock opened at $35.68 on Friday. Toast, Inc. has a 1 year low of $28.12 and a 1 year high of $49.66. The business has a 50 day moving average price of $36.11 and a 200 day moving average price of $40.84. The company has a market capitalization of $18.38 billion, a P/E ratio of 82.98 and a beta of 1.94.

Toast (NYSE:TOST) last announced its earnings results on Tuesday, November 4th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.58 billion. Toast had a net margin of 4.68% and a return on equity of 15.77%. Toast’s quarterly revenue was up 25.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.07 EPS. As a group, research analysts expect that Toast, Inc. will post 0.39 EPS for the current fiscal year.

Toast Company Profile

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.