Elo Mutual Pension Insurance Co Raises Stock Position in Toast, Inc. (NYSE:TOST)

Elo Mutual Pension Insurance Co grew its stake in Toast, Inc. (NYSE:TOST) by 3.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 32,078 shares of the company’s stock after acquiring an additional 992 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Toast were worth $827,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. West Branch Capital LLC purchased a new stake in Toast during the 2nd quarter worth approximately $26,000. LRI Investments LLC purchased a new stake in Toast during the 1st quarter worth approximately $27,000. Principal Securities Inc. purchased a new stake in Toast during the 4th quarter worth approximately $30,000. Cape Investment Advisory Inc. purchased a new stake in Toast during the 4th quarter worth approximately $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Toast during the 2nd quarter worth approximately $33,000. 82.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Mizuho upgraded shares of Toast from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $21.00 to $33.00 in a report on Thursday, July 18th. Royal Bank of Canada reiterated a “sector perform” rating and set a $27.00 price target on shares of Toast in a report on Wednesday, August 7th. Bank of America boosted their price target on shares of Toast from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Tuesday. The Goldman Sachs Group reiterated a “buy” rating and set a $29.00 price target on shares of Toast in a report on Thursday, September 12th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $26.00 price target on shares of Toast in a report on Wednesday, May 29th. One research 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’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $28.33.

Insider Buying and Selling at Toast

In other news, CEO Aman Narang sold 6,355 shares of the firm’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 completion of the sale, the chief executive officer now owns 1,131,043 shares in the company, valued at approximately $28,999,942.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Aman Narang sold 6,355 shares of the company’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $25.64, for a total transaction of $162,942.20. Following the transaction, the chief executive officer now owns 1,131,043 shares of the company’s stock, valued at $28,999,942.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Elena Gomez sold 12,500 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $25.43, for a total value of $317,875.00. Following the completion of the sale, the chief financial officer now directly owns 200,561 shares of the company’s stock, valued at approximately $5,100,266.23. The disclosure for this sale can be found here. In the last three months, insiders have sold 652,412 shares of company stock valued at $16,213,120. 13.32% of the stock is owned by company insiders.

Toast Stock Performance

Shares of TOST opened at $27.73 on Friday. Toast, Inc. has a fifty-two week low of $13.77 and a fifty-two week high of $27.90. The firm has a 50-day simple moving average of $25.08 and a 200-day simple moving average of $24.58. The company has a market capitalization of $12.56 billion, a price-to-earnings ratio of -55.46 and a beta of 1.75.

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

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.