Blair William & Co. IL Sells 53,557 Shares of Toast, Inc. (NYSE:TOST)

Blair William & Co. IL reduced its holdings in Toast, Inc. (NYSE:TOST - Free Report) by 3.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,592,451 shares of the company's stock after selling 53,557 shares during the quarter. Blair William & Co. IL owned 0.34% of Toast worth $58,045,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its stake in Toast by 120.4% during the 4th quarter. Blue Trust Inc. now owns 692 shares of the company's stock valued at $25,000 after purchasing an additional 378 shares in the last quarter. Piscataqua Savings Bank acquired a new position in Toast during the fourth quarter worth about $26,000. Stonebridge Financial Group LLC acquired a new position in Toast during the fourth quarter worth about $34,000. SBI Securities Co. Ltd. bought a new stake in Toast in the fourth quarter worth about $35,000. Finally, Wingate Wealth Advisors Inc. acquired a new stake in Toast in the 4th quarter valued at about $40,000. Institutional investors own 82.91% of the company's stock.

Toast Trading Down 0.5 %

NYSE TOST traded down $0.18 during trading on Monday, reaching $33.40. The company's stock had a trading volume of 2,612,962 shares, compared to its average volume of 6,550,162. The stock has a market capitalization of $16.50 billion, a PE ratio of -3,336.56, a PEG ratio of 2.16 and a beta of 1.99. Toast, Inc. has a 1-year low of $21.32 and a 1-year high of $44.12. The business has a 50-day moving average price of $37.72 and a 200-day moving average price of $35.48.

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Toast (NYSE:TOST - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. Toast had a net margin of 0.40% and a return on equity of 1.54%. As a group, analysts expect that Toast, Inc. will post 0.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Royal Bank of Canada boosted their target price on shares of Toast from $40.00 to $45.00 and gave the stock a "sector perform" rating in a report on Thursday, February 20th. Needham & Company LLC reaffirmed a "buy" rating and issued a $50.00 price target on shares of Toast in a report on Thursday, February 20th. The Goldman Sachs Group set a $40.00 price objective on Toast and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. Robert W. Baird boosted their target price on Toast from $38.00 to $40.00 and gave the stock a "neutral" rating in a research report on Thursday, February 20th. Finally, BNP Paribas set a $37.00 price target on Toast and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $40.48.

Insider Transactions at Toast

In other Toast news, General Counsel Brian R. Elworthy sold 653 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total transaction of $25,878.39. Following the completion of the sale, the general counsel now directly owns 209,206 shares in the company, valued at $8,290,833.78. This represents a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Stephen Fredette sold 1,068 shares of Toast stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total value of $42,324.84. Following the completion of the transaction, the president now owns 1,644,656 shares in the company, valued at $65,177,717.28. The trade was a 0.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 270,770 shares of company stock worth $9,409,211. 13.32% of the stock is owned by corporate insiders.

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.