Lisanti Capital Growth LLC Invests $1.09 Million in Toast, Inc. (NYSE:TOST)

Lisanti Capital Growth LLC purchased a new stake in shares of Toast, Inc. (NYSE:TOST) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 42,120 shares of the company’s stock, valued at approximately $1,085,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Park Avenue Securities LLC lifted its stake in shares of Toast by 1.0% in the 1st quarter. Park Avenue Securities LLC now owns 43,357 shares of the company’s stock valued at $1,080,000 after purchasing an additional 436 shares during the period. Wellington Shields & Co. LLC lifted its holdings in Toast by 3.1% during the first quarter. Wellington Shields & Co. LLC now owns 16,700 shares of the company’s stock worth $416,000 after acquiring an additional 500 shares in the last quarter. Comerica Bank grew its stake in Toast by 10.9% in the first quarter. Comerica Bank now owns 6,167 shares of the company’s stock valued at $154,000 after acquiring an additional 607 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Toast by 5.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,985 shares of the company’s stock worth $255,000 after acquiring an additional 774 shares in the last quarter. Finally, Values First Advisors Inc. raised its position in shares of Toast by 2.7% during the second quarter. Values First Advisors Inc. now owns 31,342 shares of the company’s stock worth $808,000 after purchasing an additional 811 shares during the period. Institutional investors and hedge funds own 82.91% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on TOST shares. Piper Sandler boosted their price objective on Toast from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, May 9th. Bank of America decreased their price objective on Toast from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $30.00 price target on shares of Toast in a research note on Wednesday, August 7th. Stephens reiterated an “equal weight” rating and issued a $28.00 price objective on shares of Toast in a report on Thursday, May 30th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $26.00 price objective on shares of Toast in a research note on Wednesday, May 29th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $28.22.

Toast Trading Up 0.9 %

TOST stock traded up $0.23 during midday trading on Friday, hitting $24.86. The stock had a trading volume of 4,954,951 shares, compared to its average volume of 6,121,772. The business has a fifty day moving average price of $25.10 and a two-hundred day moving average price of $24.24. Toast, Inc. has a 1-year low of $13.77 and a 1-year high of $27.90. The firm has a market cap of $11.26 billion, a P/E ratio of -49.72 and a beta of 1.76.

Toast (NYSE:TOST) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.04. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. Toast had a negative net margin of 3.10% and a negative return on equity of 11.27%. The company’s quarterly revenue was up 27.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.19) EPS. On average, equities analysts anticipate that Toast, Inc. will post -0.1 EPS for the current year.

Insiders Place Their Bets

In other Toast news, Director Christopher P. Comparato sold 80,000 shares of the firm’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $24.23, for a total value of $1,938,400.00. Following the transaction, the director now directly owns 97,762 shares of the company’s stock, valued at $2,368,773.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Elena Gomez sold 12,500 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $25.43, for a total value of $317,875.00. Following the completion of the sale, the chief financial officer now owns 200,561 shares in the company, valued at approximately $5,100,266.23. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Christopher P. Comparato sold 80,000 shares of the company’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $24.23, for a total transaction of $1,938,400.00. Following the completion of the sale, the director now directly owns 97,762 shares of the company’s stock, valued at $2,368,773.26. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 418,352 shares of company stock worth $10,526,982. Corporate insiders own 13.32% of the company’s stock.

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.