Toast, Inc. $TOST Shares Acquired by Retirement Systems of Alabama

Retirement Systems of Alabama boosted its stake in shares of Toast, Inc. (NYSE:TOST) by 57.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 764,579 shares of the company’s stock after buying an additional 278,804 shares during the quarter. Retirement Systems of Alabama’s holdings in Toast were worth $22,165,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TOST. Allspring Global Investments Holdings LLC raised its position in shares of Toast by 46.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 358,363 shares of the company’s stock worth $10,475,000 after acquiring an additional 113,993 shares during the last quarter. Hohimer Wealth Management LLC boosted its holdings in Toast by 4.4% in the third quarter. Hohimer Wealth Management LLC now owns 32,136 shares of the company’s stock valued at $932,000 after acquiring an additional 1,356 shares during the last quarter. Candriam S.C.A. boosted its holdings in Toast by 447.2% in the third quarter. Candriam S.C.A. now owns 272,659 shares of the company’s stock valued at $7,933,000 after acquiring an additional 222,834 shares during the last quarter. Ethic Inc. bought a new stake in Toast in the third quarter valued at approximately $246,000. Finally, Pictet Asset Management Holding SA boosted its holdings in Toast by 2.1% in the third quarter. Pictet Asset Management Holding SA now owns 175,050 shares of the company’s stock valued at $5,075,000 after acquiring an additional 3,653 shares during the last quarter. Institutional investors own 82.91% of the company’s stock.

Toast Trading Down 1.5%

NYSE TOST opened at $34.01 on Thursday. The company has a fifty day simple moving average of $31.86 and a 200 day simple moving average of $29.42. Toast, Inc. has a 12-month low of $22.26 and a 12-month high of $38.64. The company has a market cap of $17.65 billion, a P/E ratio of 37.37 and a beta of 1.74.

Toast (NYSE:TOST) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.08). Toast had a net margin of 7.69% and a return on equity of 26.39%. The business had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter last year, the firm posted $0.16 EPS. The business’s revenue for the quarter was up 21.3% compared to the same quarter last year. Sell-side analysts predict that Toast, Inc. will post 1.08 EPS for the current year.

More Toast News

Investors following TOST have been watching these news items:

• Positive Sentiment: Zacks described Toast as a strong growth stock, highlighting its appeal in a growth-investing framework. Zacks growth-stock article
• Neutral Sentiment: A comparison of Toast and Coinbase for 2027 characterized Toast as a high-growth restaurant technology platform, but the article’s headline frames the choice between the two stocks rather than announcing a new company development. Coinbase versus Toast comparison
• Negative Sentiment: Sanford C. Bernstein downgraded Toast from “outperform” to “market perform” and cut its price target to $38 from $45. The reduced target and more cautious rating may weigh on sentiment, despite implying upside from the cited share price. Bernstein rating change

Analyst Upgrades and Downgrades

TOST has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods boosted their price target on shares of Toast from $30.00 to $35.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 5th. Jefferies Financial Group set a $40.00 price objective on shares of Toast in a research report on Wednesday, August 5th. Oppenheimer lifted their target price on shares of Toast from $36.00 to $38.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Evercore reissued an “outperform” rating on shares of Toast in a research note on Wednesday, August 5th. Finally, Truist Financial boosted their target price on shares of Toast from $38.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday. Sixteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $38.46.

Insider Activity at Toast

In other news, CFO Elena Gomez sold 11,886 shares of the business’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $29.35, for a total transaction of $348,854.10. Following the completion of the sale, the chief financial officer directly owned 171,957 shares of the company’s stock, valued at $5,046,937.95. The trade was a 6.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Brian Elworthy sold 6,507 shares of the company’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $29.35, for a total transaction of $190,980.45. Following the completion of the sale, the general counsel owned 204,023 shares in the company, valued at $5,988,075.05. This represents a 3.09% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 195,933 shares of company stock valued at $6,608,185 over the last quarter. 10.03% of the stock is currently owned by company insiders.

Toast Profile

Toast, Inc. provides a cloud-based technology platform designed for restaurants. Its products combine point-of-sale software and hardware with payment processing, helping restaurants manage in-person transactions and day-to-day operations. The platform includes tools for online ordering, delivery, marketing, customer loyalty, payroll, and team management, alongside features for managing menus and restaurant operations. Restaurants can use Toast’s products together or select services to fit their needs.