27,785 Shares in Toast, Inc. $TOST Purchased by TABR Capital Management LLC

TABR Capital Management LLC acquired a new position in Toast, Inc. (NYSE:TOST) during the 4th quarter, HoldingsChannel reports. The fund acquired 27,785 shares of the company’s stock, valued at approximately $987,000.

Other large investors also recently bought and sold shares of the company. RiverPark Advisors LLC purchased a new position in shares of Toast in the second quarter valued at approximately $30,000. Quent Capital LLC purchased a new stake in shares of Toast during the third quarter worth approximately $27,000. Alpine Bank Wealth Management acquired a new position in Toast in the 3rd quarter valued at $30,000. Central Pacific Bank Trust Division lifted its holdings in Toast by 123.5% in the 4th quarter. Central Pacific Bank Trust Division now owns 943 shares of the company’s stock valued at $33,000 after purchasing an additional 521 shares in the last quarter. Finally, Loomis Sayles & Co. L P purchased a new position in Toast in the 2nd quarter valued at $42,000. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Toast Stock Up 0.2%

Shares of NYSE:TOST opened at $27.46 on Monday. Toast, Inc. has a 52-week low of $24.35 and a 52-week high of $49.66. The stock has a market cap of $14.39 billion, a P/E ratio of 50.85 and a beta of 1.95. The business has a fifty day moving average of $29.64 and a two-hundred day moving average of $34.21.

Toast (NYSE:TOST) last posted its quarterly 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). The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Toast had a return on equity of 18.14% and a net margin of 5.56%.The firm’s revenue was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.05 EPS. On average, equities analysts anticipate that Toast, Inc. will post 0.39 earnings per share for the current year.

Toast declared that its Board of Directors has authorized a stock repurchase program on Thursday, February 12th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

TOST has been the subject of a number of research reports. JPMorgan Chase & Co. raised shares of Toast from a “neutral” rating to an “overweight” rating and set a $43.00 target price for the company in a report on Thursday, December 4th. Sanford C. Bernstein set a $39.00 price target on shares of Toast in a research note on Monday, February 16th. Citigroup lowered their price target on shares of Toast from $51.00 to $42.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. Stephens set a $42.00 price objective on shares of Toast in a research note on Friday, January 16th. Finally, Wells Fargo & Company cut their price objective on shares of Toast from $47.00 to $36.00 and set an “overweight” rating for the company in a report on Friday, February 13th. Seventeen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Toast presently has a consensus rating of “Moderate Buy” and an average price target of $40.46.

Insider Activity

In other Toast news, President Stephen Fredette sold 1,060 shares of Toast stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $30.34, for a total transaction of $32,160.40. Following the transaction, the president directly owned 913,067 shares of the company’s stock, valued at $27,702,452.78. The trade was a 0.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Aman Narang sold 1,648 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $30.34, for a total transaction of $50,000.32. Following the completion of the transaction, the chief executive officer owned 340,723 shares in the company, valued at $10,337,535.82. The trade was a 0.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 100,856 shares of company stock valued at $3,540,449 in the last quarter. Insiders own 12.14% of the company’s stock.

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.