Element Squared LLC Purchases Shares of 29,895 Toast, Inc. $TOST

Element Squared LLC acquired a new position in shares of Toast, Inc. (NYSE:TOST) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 29,895 shares of the company’s stock, valued at approximately $1,062,000.

Several other institutional investors have also modified their holdings of TOST. Quent Capital LLC purchased a new stake in Toast in the third quarter valued at $27,000. Alpine Bank Wealth Management purchased a new position in shares of Toast during the third quarter worth about $30,000. Central Pacific Bank Trust Division grew its holdings in shares of Toast by 123.5% during the fourth quarter. Central Pacific Bank Trust Division now owns 943 shares of the company’s stock worth $33,000 after purchasing an additional 521 shares during the last quarter. Wolff Wiese Magana LLC acquired a new stake in shares of Toast during the third quarter worth about $37,000. Finally, Root Financial Partners LLC purchased a new stake in shares of Toast in the 3rd quarter valued at about $42,000. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Toast Trading Down 0.1%

Toast stock opened at $26.44 on Friday. Toast, Inc. has a twelve month low of $24.35 and a twelve month high of $49.66. The stock has a 50 day moving average of $28.10 and a two-hundred day moving average of $33.31. The stock has a market capitalization of $13.86 billion, a price-to-earnings ratio of 48.97 and a beta of 1.90.

Toast (NYSE:TOST) last released its earnings results on Thursday, February 12th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). Toast had a net margin of 5.56% and a return on equity of 18.14%. The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same period in the previous year, the firm posted $0.05 EPS. The company’s revenue for the quarter was up 22.0% on a year-over-year basis. Equities analysts predict that Toast, Inc. will post 0.39 earnings per share for the current year.

Toast announced that its Board of Directors has authorized a share buyback plan on Thursday, February 12th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Key Headlines Impacting Toast

Here are the key news stories impacting Toast this week:

• Neutral Sentiment: Loop Capital initiated coverage of Toast with a “Hold” rating, which removes an immediate buy catalyst and may cap near‑term upside until clearer growth/profitability signals arrive. Loop Capital coverage
• Neutral Sentiment: Toast has been heavily searched by investors (Zacks spotlight), which can increase short‑term volume and volatility but doesn’t itself change fundamentals. Zacks: Investors Heavily Search
• Negative Sentiment: Multiple senior executives sold stock on April 2 (CEO Aman Narang, CFO Elena Gomez, President Stephen Fredette, General Counsel Brian Elworthy, and CRO Jonathan Vassil), collectively disposing of roughly $1.04M of shares at about $26.19 each. The CEO’s sale reduced his holding by ~19.95%; other insiders also trimmed positions. Clustered sales by top management can be perceived negatively by the market (signaling liquidity needs or reduced insider confidence), even if they stem from routine vesting/diversification; filings are available with the SEC. CEO SEC filing

Insider Transactions at Toast

In other news, CEO Aman Narang sold 13,463 shares of the firm’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $26.19, for a total value of $352,595.97. Following the completion of the sale, the chief executive officer owned 54,013 shares in the company, valued at approximately $1,414,600.47. This trade represents a 19.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Stephen Fredette sold 7,289 shares of Toast stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $26.19, for a total transaction of $190,898.91. Following the completion of the sale, the president directly owned 920,985 shares in the company, valued at approximately $24,120,597.15. The trade was a 0.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 74,249 shares of company stock worth $2,201,620 over the last quarter. 12.14% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

TOST has been the topic of a number of research reports. Truist Financial set a $36.00 price target on Toast in a research note on Wednesday, February 25th. Wolfe Research downgraded Toast from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 8th. Loop Capital started coverage on shares of Toast in a research report on Tuesday. They set a “hold” rating and a $26.00 target price on the stock. Sanford C. Bernstein set a $39.00 target price on shares of Toast in a report on Monday, February 16th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Toast in a research note on Monday, December 29th. Seventeen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $39.88.

About Toast

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.