Motley Fool Asset Management LLC reduced its stake in shares of Toast, Inc. (NYSE:TOST - Free Report) by 13.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 337,158 shares of the company's stock after selling 52,298 shares during the quarter. Motley Fool Asset Management LLC owned approximately 0.07% of Toast worth $12,289,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. lifted its holdings in shares of Toast by 120.4% in the 4th quarter. Blue Trust Inc. now owns 692 shares of the company's stock worth $25,000 after buying an additional 378 shares during the period. Piscataqua Savings Bank purchased a new stake in Toast in the fourth quarter worth about $26,000. Stonebridge Financial Group LLC bought a new position in Toast during the 4th quarter worth about $34,000. SBI Securities Co. Ltd. purchased a new position in Toast during the 4th quarter valued at about $35,000. Finally, Wingate Wealth Advisors Inc. purchased a new position in Toast during the 4th quarter valued at about $40,000. 82.91% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
TOST has been the topic of a number of recent research reports. Oppenheimer initiated coverage on shares of Toast in a research note on Friday, January 24th. They set an "outperform" rating and a $46.00 price objective on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $50.00 price target on shares of Toast in a report on Thursday, February 20th. JPMorgan Chase & Co. upped their price objective on Toast from $36.00 to $42.00 and gave the stock a "neutral" rating in a research note on Thursday, February 20th. BNP Paribas set a $37.00 price objective on Toast and gave the company a "neutral" rating in a research report on Wednesday, February 19th. Finally, The Goldman Sachs Group reduced their target price on shares of Toast from $43.00 to $38.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $40.38.
Read Our Latest Research Report on Toast
Toast Stock Performance
Toast stock traded up $0.32 during midday trading on Tuesday, hitting $31.02. 1,885,665 shares of the company were exchanged, compared to its average volume of 6,771,183. Toast, Inc. has a fifty-two week low of $21.32 and a fifty-two week high of $44.12. The firm has a market capitalization of $15.33 billion, a PE ratio of -3,085.31, a price-to-earnings-growth ratio of 2.16 and a beta of 2.00. The business has a fifty day simple moving average of $37.01 and a two-hundred day simple moving average of $35.82.
Toast (NYSE:TOST - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). Toast had a return on equity of 1.54% and a net margin of 0.40%. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. As a group, equities analysts expect that Toast, Inc. will post 0.39 earnings per share for the current year.
Insider Transactions at Toast
In other news, General Counsel Brian R. Elworthy sold 653 shares of the firm's stock in a transaction that occurred on 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. This trade represents a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Christopher P. Comparato sold 70,000 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $35.71, for a total value of $2,499,700.00. Following the sale, the director now owns 164,796 shares of the company's stock, valued at $5,884,865.16. The trade was a 29.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 270,770 shares of company stock valued at $9,409,211 in the last ninety days. 13.32% of the stock is currently owned by corporate insiders.
About Toast
(
Free Report)
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.
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