Toast, Inc. (NYSE:TOST) Shares Sold by Champlain Investment Partners LLC

Champlain Investment Partners LLC reduced its stake in shares of Toast, Inc. (NYSE:TOST - Free Report) by 51.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,179,142 shares of the company's stock after selling 3,394,857 shares during the quarter. Champlain Investment Partners LLC owned about 0.67% of Toast worth $115,880,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. grew its stake in Toast by 120.4% during the fourth quarter. Blue Trust Inc. now owns 692 shares of the company's stock valued at $25,000 after acquiring an additional 378 shares in the last quarter. Piscataqua Savings Bank purchased a new position in shares of Toast during the fourth quarter valued at about $26,000. Stonebridge Financial Group LLC purchased a new position in shares of Toast during the fourth quarter valued at about $34,000. SBI Securities Co. Ltd. bought a new stake in shares of Toast in the fourth quarter worth about $35,000. Finally, Wingate Wealth Advisors Inc. purchased a new stake in shares of Toast in the fourth quarter worth about $40,000. Institutional investors own 82.91% of the company's stock.

Insider Activity

In other Toast news, General Counsel Brian R. Elworthy sold 653 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 $25,878.39. Following the transaction, the general counsel now owns 209,206 shares in the company, valued at $8,290,833.78. The trade was a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Stephen Fredette sold 1,068 shares of the firm'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 $42,324.84. Following the completion of the sale, the president now owns 1,644,656 shares in the company, valued at $65,177,717.28. This represents a 0.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 340,770 shares of company stock worth $11,803,911. 13.32% of the stock is currently owned by company insiders.

Toast Stock Up 3.0 %

Shares of TOST stock traded up $1.01 on Tuesday, hitting $34.09. The stock had a trading volume of 1,212,357 shares, compared to its average volume of 6,811,134. Toast, Inc. has a one year low of $21.32 and a one year high of $44.12. The business has a 50 day moving average price of $35.30 and a 200 day moving average price of $36.23. The company has a market cap of $16.84 billion, a PE ratio of -3,404.90, a P/E/G ratio of 2.16 and a beta of 2.00.

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

Analysts Set New Price Targets

TOST has been the topic of several recent research reports. BNP Paribas set a $37.00 price objective on Toast and gave the stock a "neutral" rating in a report on Wednesday, February 19th. Keefe, Bruyette & Woods increased their price objective on shares of Toast from $40.00 to $42.00 and gave the company a "market perform" rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. boosted their target price on shares of Toast from $36.00 to $42.00 and gave the stock a "neutral" rating in a report on Thursday, February 20th. Royal Bank of Canada increased their price target on shares of Toast from $40.00 to $45.00 and gave the company a "sector perform" rating in a report on Thursday, February 20th. Finally, Needham & Company LLC reissued a "buy" rating and set a $50.00 price objective on shares of Toast in a research note on Thursday, February 20th. Thirteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $40.09.

Toast 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.