Motley Fool Wealth Management LLC Cuts Position in Toast, Inc. (NYSE:TOST)

Motley Fool Wealth Management LLC lowered its holdings in Toast, Inc. (NYSE:TOST - Free Report) by 3.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 467,951 shares of the company's stock after selling 16,098 shares during the period. Toast makes up 0.9% of Motley Fool Wealth Management LLC's holdings, making the stock its 29th biggest holding. Motley Fool Wealth Management LLC owned approximately 0.10% of Toast worth $17,043,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its position in shares of Toast by 2.3% during the third quarter. Geode Capital Management LLC now owns 6,865,934 shares of the company's stock worth $193,992,000 after buying an additional 155,212 shares in the last quarter. MML Investors Services LLC increased its position in shares of Toast by 40.6% in the 3rd quarter. MML Investors Services LLC now owns 228,313 shares of the company's stock valued at $6,464,000 after purchasing an additional 65,957 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Toast by 5.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,938,487 shares of the company's stock valued at $107,108,000 after purchasing an additional 155,446 shares in the last quarter. Qsemble Capital Management LP lifted its position in shares of Toast by 52.1% during the 3rd quarter. Qsemble Capital Management LP now owns 67,796 shares of the company's stock worth $1,919,000 after purchasing an additional 23,231 shares during the last quarter. Finally, FMR LLC grew its stake in shares of Toast by 50.5% during the third quarter. FMR LLC now owns 24,449,743 shares of the company's stock worth $692,172,000 after purchasing an additional 8,205,053 shares in the last quarter. 82.91% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of research firms have weighed in on TOST. Royal Bank of Canada raised their price target on Toast from $40.00 to $45.00 and gave the company a "sector perform" rating in a research note on Thursday, February 20th. Wells Fargo & Company raised their target price on Toast from $25.00 to $30.00 and gave the stock an "underweight" rating in a research report on Thursday, January 16th. BNP Paribas set a $37.00 price target on Toast and gave the company a "neutral" rating in a report on Wednesday, February 19th. Morgan Stanley raised their price objective on shares of Toast from $46.00 to $50.00 and gave the stock an "overweight" rating in a report on Thursday, February 20th. Finally, UBS Group lifted their price target on shares of Toast from $41.00 to $47.00 and gave the stock a "buy" rating in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Toast currently has an average rating of "Hold" and a consensus price target of $40.48.

Toast Price Performance

NYSE:TOST traded down $1.84 during trading hours on Friday, reaching $33.53. 6,439,302 shares of the company traded hands, compared to its average volume of 6,740,943. The firm's 50-day moving average is $37.72 and its 200-day moving average is $35.48. The stock has a market cap of $16.56 billion, a P/E ratio of -3,349.25, a P/E/G 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.

Toast (NYSE:TOST - Get Free Report) last posted 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). The company had revenue of $1.34 billion for 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%. As a group, research analysts predict that Toast, Inc. will post 0.39 earnings per share for the current year.

Insider Buying and Selling

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 completion of the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Christopher P. Comparato sold 70,000 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $35.71, for a total transaction of $2,499,700.00. Following the transaction, the director now directly owns 164,796 shares of the company's stock, valued at approximately $5,884,865.16. This represents a 29.81 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 270,770 shares of company stock worth $9,409,211. 13.32% of the stock is owned by 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.