Blair William & Co. IL Purchases 392,165 Shares of Toast, Inc. (NYSE:TOST)

Blair William & Co. IL grew its position in shares of Toast, Inc. (NYSE:TOST) by 37.5% in the 2nd quarter, HoldingsChannel reports. The firm owned 1,437,910 shares of the company’s stock after acquiring an additional 392,165 shares during the quarter. Blair William & Co. IL’s holdings in Toast were worth $37,055,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TOST. Vanguard Group Inc. raised its holdings in shares of Toast by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 36,677,371 shares of the company’s stock valued at $669,729,000 after buying an additional 1,598,248 shares in the last quarter. Capital International Investors raised its stake in shares of Toast by 12.2% during the first quarter. Capital International Investors now owns 32,924,082 shares of the company’s stock worth $820,468,000 after acquiring an additional 3,574,397 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Toast by 21.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,524,700 shares of the company’s stock worth $486,557,000 after acquiring an additional 3,445,788 shares during the last quarter. Abdiel Capital Advisors LP boosted its stake in shares of Toast by 0.3% in the 4th quarter. Abdiel Capital Advisors LP now owns 10,913,464 shares of the company’s stock valued at $199,280,000 after purchasing an additional 37,091 shares in the last quarter. Finally, Champlain Investment Partners LLC grew its holdings in shares of Toast by 9.1% during the 1st quarter. Champlain Investment Partners LLC now owns 9,976,356 shares of the company’s stock valued at $248,611,000 after purchasing an additional 833,390 shares during 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 other Toast news, CEO Aman Narang sold 6,355 shares of the business’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $25.64, for a total value of $162,942.20. Following the sale, the chief executive officer now owns 1,131,043 shares in the company, valued at approximately $28,999,942.52. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Toast news, CEO Aman Narang sold 6,355 shares of Toast stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $25.64, for a total value of $162,942.20. Following the sale, the chief executive officer now owns 1,131,043 shares of the company’s stock, valued at approximately $28,999,942.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Stephen Fredette sold 101,574 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $25.73, for a total value of $2,613,499.02. Following the transaction, the president now owns 2,395,685 shares of the company’s stock, valued at $61,640,975.05. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 651,612 shares of company stock worth $16,191,520. Insiders own 13.32% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Morgan Stanley upped their price target on shares of Toast from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $26.00 price target on shares of Toast in a research report on Wednesday, May 29th. Wedbush upgraded Toast to a “strong-buy” rating in a research report on Friday, September 6th. Bank of America raised their target price on shares of Toast from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Stephens reiterated an “equal weight” rating and set a $28.00 price target on shares of Toast in a report on Thursday, May 30th. One analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $28.33.

Toast Price Performance

TOST opened at $26.31 on Thursday. The company has a 50 day simple moving average of $24.98 and a two-hundred day simple moving average of $24.54. The firm has a market cap of $12.13 billion, a P/E ratio of -52.62 and a beta of 1.75. Toast, Inc. has a 1-year low of $13.77 and a 1-year high of $27.90.

Toast (NYSE:TOST) last issued its earnings results on Tuesday, August 6th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.04. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. Toast had a negative net margin of 3.10% and a negative return on equity of 11.27%. Toast’s quarterly revenue was up 27.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.19) EPS. Equities analysts anticipate that Toast, Inc. will post -0.1 earnings per share for the current year.

About Toast

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.