S.A. Mason LLC Makes New $352,000 Investment in Toast, Inc. (NYSE:TOST)

S.A. Mason LLC acquired a new position in Toast, Inc. (NYSE:TOST) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 12,420 shares of the company’s stock, valued at approximately $352,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its holdings in Toast by 1.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 35,968 shares of the company’s stock valued at $927,000 after buying an additional 421 shares during the period. Private Advisor Group LLC raised its stake in shares of Toast by 1.6% in the 3rd quarter. Private Advisor Group LLC now owns 28,151 shares of the company’s stock valued at $797,000 after acquiring an additional 441 shares during the period. Wellington Shields & Co. LLC lifted its holdings in shares of Toast by 3.1% during the 1st quarter. Wellington Shields & Co. LLC now owns 16,700 shares of the company’s stock valued at $416,000 after acquiring an additional 500 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in Toast by 8.4% during the 2nd quarter. Parkside Financial Bank & Trust now owns 6,742 shares of the company’s stock worth $174,000 after purchasing an additional 520 shares during the period. Finally, Comerica Bank increased its holdings in Toast by 10.9% in the 1st quarter. Comerica Bank now owns 6,167 shares of the company’s stock valued at $154,000 after purchasing an additional 607 shares in the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Toast news, CRO Jonathan Vassil sold 1,541 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $24.00, for a total value of $36,984.00. Following the completion of the sale, the executive now owns 33,312 shares in the company, valued at $799,488. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CRO Jonathan Vassil sold 1,541 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $24.00, for a total value of $36,984.00. Following the transaction, the executive now directly owns 33,312 shares of the company’s stock, valued at approximately $799,488. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Elena Gomez sold 2,162 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $24.00, for a total transaction of $51,888.00. Following the sale, the chief financial officer now directly owns 183,931 shares of the company’s stock, valued at approximately $4,414,344. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,387,269 shares of company stock valued at $38,394,140 over the last three months. Insiders own 13.32% of the company’s stock.

Toast Trading Up 0.3 %

Shares of NYSE TOST opened at $30.14 on Thursday. Toast, Inc. has a 12-month low of $13.77 and a 12-month high of $30.78. The company has a market cap of $13.89 billion, a PE ratio of -103.93 and a beta of 1.76. The stock has a 50 day simple moving average of $26.98 and a 200-day simple moving average of $25.48.

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TOST. The Goldman Sachs Group upped their target price on Toast from $29.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Royal Bank of Canada reiterated a “sector perform” rating and set a $27.00 price objective on shares of Toast in a research note on Wednesday, August 7th. Wedbush upgraded shares of Toast to a “strong-buy” rating in a research note on Friday, September 6th. Mizuho raised shares of Toast from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $21.00 to $33.00 in a research note on Thursday, July 18th. Finally, DA Davidson upped their price objective on shares of Toast from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $29.26.

Toast Company 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.