Envestnet Asset Management Inc. Grows Holdings in Toast, Inc. $TOST

Envestnet Asset Management Inc. grew its position in shares of Toast, Inc. (NYSE:TOST) by 37.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 617,810 shares of the company’s stock after purchasing an additional 168,039 shares during the period. Envestnet Asset Management Inc. owned approximately 0.12% of Toast worth $22,556,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TOST. NewEdge Advisors LLC lifted its holdings in Toast by 1,555.5% during the 1st quarter. NewEdge Advisors LLC now owns 17,432 shares of the company’s stock worth $578,000 after buying an additional 16,379 shares in the last quarter. Callan Family Office LLC purchased a new position in Toast in the second quarter valued at $252,000. Vanguard Personalized Indexing Management LLC grew its stake in Toast by 12.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 32,966 shares of the company’s stock worth $1,460,000 after purchasing an additional 3,558 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Toast during the 2nd quarter worth about $250,000. Finally, Envestnet Portfolio Solutions Inc. raised its position in Toast by 7.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 16,697 shares of the company’s stock valued at $740,000 after purchasing an additional 1,164 shares in the last quarter. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TOST. Wells Fargo & Company cut their target price on shares of Toast from $47.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday. Oppenheimer cut their price target on Toast from $48.00 to $39.00 and set an “outperform” rating on the stock in a research note on Friday. Needham & Company LLC decreased their price target on Toast from $60.00 to $35.00 and set a “buy” rating for the company in a report on Friday. Morgan Stanley set a $51.00 price objective on Toast in a report on Friday. Finally, Jefferies Financial Group set a $35.00 price objective on Toast in a report on Friday. Fifteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.18.

Trending Headlines about Toast

Here are the key news stories impacting Toast this week:

• Positive Sentiment: Revenue and growth: Q4 revenue was $1.63B, up ~22% year-over-year and roughly in line with consensus, signaling sustained top-line momentum that supports longer‑term ARR expansion. Read More.
• Positive Sentiment: Analyst support remains: Major firms (Citigroup and Needham) kept “Buy” ratings even after trimming targets, which can limit downside from negative headlines and signals continued institutional conviction. Read More. Read More.
• Neutral Sentiment: Board authorizes buyback: The company announced a share-repurchase authorization; the report listed $0.00 in buyback dollars (no dollar amount disclosed), so the move signals intent but lacks immediate capital deployment details. Read More.
• Neutral Sentiment: Market commentary: Bullish analyst/guest pieces argue Toast’s ARR growth, margin expansion and industry position make it resilient amid sector pressures — helpful for sentiment but not new financial data. Read More.
• Negative Sentiment: EPS miss: Toast reported EPS below consensus ($0.16 reported vs. ~$0.24 expected per consensus), which is an earnings disappointment that likely pressured some short‑term investor sentiment. Read More.
• Negative Sentiment: Price target cuts: Citigroup cut its target from $51 to $42 and Needham trimmed theirs from $60 to $35 — reductions that reduce analyst-derived upside even though both maintained Buy ratings. Read More. Read More.

Insider Buying and Selling

In other Toast news, General Counsel Brian R. Elworthy sold 3,303 shares of Toast stock in a transaction on Monday, January 5th. The shares were sold at an average price of $34.38, for a total value of $113,557.14. Following the sale, the general counsel directly owned 235,757 shares in the company, valued at approximately $8,105,325.66. The trade was a 1.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Jonathan Vassil sold 66,390 shares of the stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $35.86, for a total value of $2,380,745.40. Following the completion of the sale, the executive directly owned 84,589 shares of the company’s stock, valued at approximately $3,033,361.54. The trade was a 43.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 100,856 shares of company stock worth $3,540,449 over the last ninety days. Insiders own 12.14% of the company’s stock.

Toast Trading Up 4.2%

NYSE TOST opened at $27.24 on Friday. Toast, Inc. has a 1-year low of $25.91 and a 1-year high of $49.66. The company has a market capitalization of $16.01 billion, a price-to-earnings ratio of 50.44 and a beta of 1.93. The stock’s 50 day moving average is $33.55 and its two-hundred day moving average is $37.28.

Toast (NYSE:TOST) last announced its earnings results on Thursday, February 12th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.08). Toast had a return on equity of 18.86% and a net margin of 5.56%.The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the previous year, the company posted $0.05 EPS. Toast’s revenue for the quarter was up 22.0% on a year-over-year basis. On average, analysts predict that Toast, Inc. will post 0.39 earnings per share for the current year.

Toast declared that its board has approved a share buyback plan on Thursday, February 12th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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.