Kampmann Melissa S. Invests $1.12 Million in Toast, Inc. (NYSE:TOST)

Kampmann Melissa S. acquired a new position in Toast, Inc. (NYSE:TOST) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 43,530 shares of the company’s stock, valued at approximately $1,122,000.

Other institutional investors have also bought and sold shares of the company. LRI Investments LLC acquired a new stake in Toast during the 1st quarter worth about $27,000. West Branch Capital LLC acquired a new stake in Toast during the 2nd quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Toast during the second quarter worth approximately $33,000. 1620 Investment Advisors Inc. acquired a new position in Toast during the second quarter worth $34,000. Finally, Harbor Investment Advisory LLC acquired a new stake in shares of Toast in the first quarter worth about $37,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Toast Price Performance

Toast stock opened at $28.00 on Monday. The company has a market capitalization of $12.68 billion, a PE ratio of -56.00 and a beta of 1.75. Toast, Inc. has a one year low of $13.77 and a one year high of $29.92. The business has a 50 day simple moving average of $25.17 and a 200 day simple moving average of $24.68.

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

Insider Buying and Selling at Toast

In other Toast news, CEO Aman Narang sold 6,355 shares of Toast stock in a transaction 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 completion of the transaction, 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 is available at the SEC website. In other news, CEO Aman Narang sold 6,355 shares of Toast stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 1,131,043 shares of the company’s stock, valued at approximately $28,999,942.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Stephen Fredette sold 3,810 shares of Toast stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $25.64, for a total value of $97,688.40. Following the completion of the sale, the president now directly owns 2,847,315 shares of the company’s stock, valued at $73,005,156.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 792,207 shares of company stock worth $20,064,469. 13.32% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on TOST shares. Mizuho raised Toast from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $21.00 to $33.00 in a report on Thursday, July 18th. Royal Bank of Canada reissued a “sector perform” rating and set a $27.00 price objective on shares of Toast in a report on Wednesday, August 7th. Morgan Stanley increased their price objective on Toast from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. The Goldman Sachs Group reissued a “buy” rating and set a $29.00 price objective on shares of Toast in a report on Thursday, September 12th. Finally, Bank of America increased their price objective on Toast from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.33.

Toast 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.