Oak Harvest Investment Services Invests $730,000 in Toast, Inc. $TOST

Oak Harvest Investment Services purchased a new position in Toast, Inc. (NYSE:TOST) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 20,000 shares of the company’s stock, valued at approximately $730,000.

A number of other large investors have also added to or reduced their stakes in TOST. RiverPark Advisors LLC purchased a new stake in shares of Toast in the second quarter worth $30,000. Ameritas Advisory Services LLC purchased a new stake in Toast during the 2nd quarter valued at about $31,000. REAP Financial Group LLC grew its position in Toast by 173.3% during 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 bought a new stake in Toast during the 2nd quarter valued at about $44,000. Finally, Loomis Sayles & Co. L P purchased a new position in Toast in the second quarter worth about $42,000. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. UBS Group reissued a “buy” rating on shares of Toast in a research report on Thursday, December 18th. Truist Financial cut their target price on Toast from $47.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, November 13th. Wells Fargo & Company upgraded Toast to a “strong-buy” rating in a research note on Wednesday, October 22nd. Wolfe Research reaffirmed an “outperform” rating and set a $48.00 price target on shares of Toast in a report on Wednesday, November 5th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Toast in a report on Monday, December 22nd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $45.18.

Insider Buying and Selling at Toast

In related news, CRO Jonathan Vassil sold 1,442 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $35.54, for a total value of $51,248.68. Following the transaction, the executive directly owned 71,424 shares of the company’s stock, valued at approximately $2,538,408.96. This trade represents a 1.98% 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 shares were sold at an average price of $35.54, for a total value of $61,555.28. Following the transaction, the president owned 900,264 shares in the company, valued at $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. Insiders sold 49,759 shares of company stock valued at $1,769,270 in the last quarter. Insiders own 12.14% of the company’s stock.

Toast Price Performance

Shares of TOST opened at $36.50 on Tuesday. The firm has a market capitalization of $18.80 billion, a P/E ratio of 84.88 and a beta of 1.94. Toast, Inc. has a one year low of $28.12 and a one year high of $49.66. The business has a fifty day moving average of $35.80 and a 200 day moving average of $40.05.

Toast (NYSE:TOST) last announced its earnings results on Tuesday, November 4th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.08). Toast had a return on equity of 15.77% and a net margin of 4.68%.The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the previous year, the business posted $0.07 earnings per share. The company’s revenue for the quarter was up 25.1% on a year-over-year basis. Analysts expect that Toast, Inc. will post 0.39 EPS for the current fiscal year.

Toast Company Profile

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.