Toast, Inc. $TOST Stock: Robeco Institutional Asset Management B.V. Decreases Position

Robeco Institutional Asset Management B.V. lessened its position in Toast, Inc. (NYSE:TOST) by 48.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 272,333 shares of the company’s stock after selling 254,971 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Toast were worth $7,895,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TOST. HB Wealth Management LLC increased its position in shares of Toast by 2.5% during the second quarter. HB Wealth Management LLC now owns 12,748 shares of the company’s stock worth $355,000 after purchasing an additional 315 shares in the last quarter. Hickory Point Bank & Trust raised its stake in Toast by 10.0% in the 3rd quarter. Hickory Point Bank & Trust now owns 5,500 shares of the company’s stock valued at $159,000 after purchasing an additional 500 shares during the last quarter. Toth Financial Advisory Corp lifted its holdings in Toast by 16.9% in the 3rd quarter. Toth Financial Advisory Corp now owns 3,561 shares of the company’s stock valued at $103,000 after purchasing an additional 516 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Toast by 15.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,985 shares of the company’s stock valued at $106,000 after purchasing an additional 539 shares in the last quarter. Finally, Wynn Capital LLC lifted its holdings in Toast by 4.2% in the 2nd quarter. Wynn Capital LLC now owns 14,615 shares of the company’s stock valued at $407,000 after purchasing an additional 595 shares in the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.

Toast Trading Down 2.1%

Shares of TOST opened at $32.71 on Friday. The firm has a market cap of $16.81 billion, a P/E ratio of 41.94 and a beta of 1.74. Toast, Inc. has a 12-month low of $22.26 and a 12-month high of $39.72. The company’s 50-day moving average price is $32.35 and its 200 day moving average price is $29.43.

Toast (NYSE:TOST) last announced its earnings results on Tuesday, August 4th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.06). The company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Toast had a return on equity of 23.90% and a net margin of 7.14%. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same period last year, the business earned $0.13 EPS. Equities research analysts forecast that Toast, Inc. will post 1.00 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TOST has been the topic of several recent research reports. Barclays lifted their target price on shares of Toast from $35.00 to $39.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. BTIG Research reissued a “neutral” rating on shares of Toast in a research note on Thursday, August 27th. Piper Sandler raised their price target on shares of Toast from $32.00 to $39.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Canaccord Genuity Group set a $40.00 price target on shares of Toast in a research report on Wednesday, August 5th. Finally, DA Davidson upped their price objective on shares of Toast from $30.00 to $34.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Seventeen analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $39.11.

Insiders Place Their Bets

In other news, President Stephen Fredette sold 9,368 shares of the company’s stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $29.35, for a total value of $274,950.80. Following the transaction, the president directly owned 941,692 shares in the company, valued at approximately $27,638,660.20. This represents a 0.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Jonathan Vassil sold 7,623 shares of the stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $30.19, for a total transaction of $230,138.37. Following the transaction, the executive directly owned 77,424 shares of the company’s stock, valued at $2,337,430.56. The trade was a 8.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 534,830 shares of company stock worth $18,566,600. Insiders own 10.03% of the company’s stock.

Toast Company Profile

Toast, Inc (NYSE:TOST) provides a cloud-based technology platform designed for restaurants. Its integrated system combines point-of-sale software and hardware with payment processing, helping restaurants manage sales, orders, menus, guest interactions and day-to-day operations from a unified platform.

The company offers products and services including online ordering, delivery management, digital ordering and payment tools, restaurant websites, gift cards, loyalty programs, marketing, labor management, payroll, inventory management, reporting and analytics.