Commonwealth Equity Services LLC Has $6.16 Million Stock Holdings in Toast, Inc. $TOST

Commonwealth Equity Services LLC boosted its position in Toast, Inc. (NYSE:TOST) by 32.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 168,793 shares of the company’s stock after acquiring an additional 40,984 shares during the period. Commonwealth Equity Services LLC’s holdings in Toast were worth $6,163,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Roundview Capital LLC boosted its stake in shares of Toast by 0.6% in the 2nd quarter. Roundview Capital LLC now owns 43,619 shares of the company’s stock valued at $1,932,000 after purchasing an additional 245 shares during the last quarter. Cim LLC boosted its stake in Toast by 0.7% in the second quarter. Cim LLC now owns 38,302 shares of the company’s stock valued at $1,696,000 after acquiring an additional 273 shares during the last quarter. GAMMA Investing LLC grew its holdings in Toast by 7.2% during the 2nd quarter. GAMMA Investing LLC now owns 4,139 shares of the company’s stock worth $183,000 after acquiring an additional 278 shares during the period. True Vision MN LLC grew its holdings in Toast by 3.6% during the 2nd quarter. True Vision MN LLC now owns 8,186 shares of the company’s stock worth $363,000 after acquiring an additional 285 shares during the period. Finally, Trinity Financial Advisors LLC raised its position in shares of Toast by 2.5% during the 3rd quarter. Trinity Financial Advisors LLC now owns 12,094 shares of the company’s stock valued at $442,000 after acquiring an additional 296 shares during the last quarter. 82.91% of the stock is owned by institutional investors.

Toast Price Performance

NYSE:TOST opened at $35.68 on Thursday. The business’s 50-day simple moving average is $35.41 and its 200-day simple moving average is $39.47. Toast, Inc. has a fifty-two week low of $28.12 and a fifty-two week high of $49.66. The stock has a market capitalization of $18.37 billion, a PE ratio of 82.97 and a beta of 1.93.

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 the consensus estimate of $1.58 billion. Toast had a net margin of 4.68% and a return on equity of 15.77%. The business’s quarterly revenue was up 25.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.07 EPS. On average, research analysts expect that Toast, Inc. will post 0.39 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TOST. Oppenheimer decreased their price objective on Toast from $49.00 to $48.00 and set an “outperform” rating for the company in a research note on Monday. BNP Paribas Exane upgraded Toast from a “neutral” rating to an “outperform” rating and set a $40.00 target price for the company in a research report on Monday, December 1st. Wells Fargo & Company raised Toast to a “strong-buy” rating in a research note on Wednesday, October 22nd. Wolfe Research lowered shares of Toast from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 8th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Toast in a report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $45.27.

Insiders Place Their Bets

In other Toast news, CRO Jonathan Vassil sold 4,787 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $34.38, for a total value of $164,577.06. Following the sale, the executive owned 79,802 shares in the company, valued at approximately $2,743,592.76. The trade was a 5.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Brian R. Elworthy sold 3,303 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $34.38, for a total transaction of $113,557.14. Following the transaction, the general counsel directly owned 235,757 shares of the company’s stock, valued at $8,105,325.66. This represents a 1.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 102,595 shares of company stock worth $3,634,737 in the last ninety days. 12.14% of the stock is owned by insiders.

Toast 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.