Dnca Finance Decreases Position in Toast, Inc. (NYSE:TOST)

Dnca Finance reduced its holdings in shares of Toast, Inc. (NYSE:TOST - Free Report) by 23.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 139,500 shares of the company's stock after selling 43,500 shares during the period. Dnca Finance's holdings in Toast were worth $5,085,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in TOST. Barclays PLC grew its position in Toast by 38.0% during the 3rd quarter. Barclays PLC now owns 309,426 shares of the company's stock worth $8,758,000 after acquiring an additional 85,171 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Toast in the third quarter worth $327,000. Wilmington Savings Fund Society FSB purchased a new stake in Toast during the 3rd quarter valued at $59,000. Tidal Investments LLC grew its holdings in Toast by 5.4% in the 3rd quarter. Tidal Investments LLC now owns 14,310 shares of the company's stock worth $405,000 after acquiring an additional 734 shares during the last quarter. Finally, Synovus Financial Corp purchased a new position in shares of Toast in the third quarter valued at about $425,000. 82.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, General Counsel Brian R. Elworthy sold 653 shares of the business's 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 sale, the general counsel now directly owns 209,206 shares in the company, valued at approximately $8,290,833.78. The trade was a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Stephen Fredette sold 70,340 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $33.87, for a total value of $2,382,415.80. Following the transaction, the president now owns 1,574,316 shares of the company's stock, valued at $53,322,082.92. This represents a 4.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 340,770 shares of company stock worth $11,803,911 over the last quarter. Insiders own 13.32% of the company's stock.

Toast Stock Up 3.4 %

TOST traded up $1.17 during midday trading on Thursday, reaching $36.06. The company had a trading volume of 3,290,084 shares, compared to its average volume of 6,798,994. Toast, Inc. has a 1 year low of $21.32 and a 1 year high of $44.12. The company has a market cap of $17.81 billion, a P/E ratio of -3,597.40, a P/E/G ratio of 2.16 and a beta of 2.00. The business has a 50-day moving average of $35.06 and a two-hundred day moving average of $36.21.

Toast (NYSE:TOST - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). The firm 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%. On average, equities research analysts predict that Toast, Inc. will post 0.39 EPS for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on TOST. Evercore ISI started coverage on Toast in a report on Wednesday, April 9th. They issued an "in-line" rating and a $29.00 price objective for the company. Keefe, Bruyette & Woods raised their price objective on shares of Toast from $40.00 to $42.00 and gave the stock a "market perform" rating in a report on Thursday, February 20th. Wells Fargo & Company upgraded Toast from an "underweight" rating to an "overweight" rating and upped their target price for the stock from $30.00 to $39.00 in a report on Thursday, April 10th. BNP Paribas set a $37.00 target price on Toast and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. Finally, Wolfe Research upgraded Toast from a "peer perform" rating to an "outperform" rating and set a $44.00 price target on the stock in a research report on Wednesday. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, Toast presently has an average rating of "Hold" and an average price target of $40.26.

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.