Toast, Inc. $TOST Shares Bought by Schroder Investment Management Group

Schroder Investment Management Group grew its position in Toast, Inc. (NYSE:TOST) by 1,671.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 430,180 shares of the company’s stock after buying an additional 405,894 shares during the period. Schroder Investment Management Group owned 0.08% of Toast worth $19,053,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. RiverPark Advisors LLC acquired a new position in Toast in the second quarter valued at approximately $30,000. Ameritas Advisory Services LLC acquired a new position in shares of Toast in the 2nd quarter valued at $31,000. REAP Financial Group LLC lifted its stake in shares of Toast by 173.3% in the 2nd quarter. REAP Financial Group LLC now owns 798 shares of the company’s stock valued at $35,000 after purchasing an additional 506 shares during the last quarter. Motco purchased a new position in shares of Toast during the 2nd quarter worth $44,000. Finally, Loomis Sayles & Co. L P acquired a new stake in shares of Toast during the 2nd quarter worth about $42,000. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Insider Activity

In other news, CFO Elena Gomez sold 2,021 shares of the firm’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $35.54, for a total value of $71,826.34. Following the sale, the chief financial officer directly owned 151,463 shares in the company, valued at approximately $5,382,995.02. This trade represents a 1.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Stephen Fredette sold 1,732 shares of Toast stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $35.54, for a total transaction of $61,555.28. Following the sale, the president directly owned 900,264 shares of the company’s stock, valued at approximately $31,995,382.56. This trade represents a 0.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 49,759 shares of company stock valued at $1,769,270. 12.14% of the stock is owned by corporate insiders.

Toast Trading Down 1.5%

Shares of NYSE TOST opened at $33.84 on Wednesday. The stock has a market cap of $17.43 billion, a P/E ratio of 78.71 and a beta of 1.94. Toast, Inc. has a 12-month low of $28.12 and a 12-month high of $49.66. The business’s fifty day simple moving average is $36.22 and its 200-day simple moving average is $41.00.

Toast (NYSE:TOST) last released its earnings results on Tuesday, November 4th. 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 analyst estimates of $1.58 billion. Toast had a return on equity of 15.77% and a net margin of 4.68%.The company’s revenue for the quarter was up 25.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.07 earnings per share. On average, equities analysts forecast that Toast, Inc. will post 0.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on TOST. Robert W. Baird decreased their target price on shares of Toast from $48.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Wells Fargo & Company upgraded shares of Toast to a “strong-buy” rating in a report on Wednesday, October 22nd. JPMorgan Chase & Co. lowered their price objective on shares of Toast from $52.00 to $43.00 and set a “neutral” rating for the company in a research report on Wednesday, November 5th. Jefferies Financial Group cut their target price on Toast from $54.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Finally, The Goldman Sachs Group decreased their price target on Toast from $51.00 to $41.00 and set a “neutral” rating on the stock in a research note on Monday, October 13th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $45.18.

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.