Toast, Inc. (NYSE:TOST) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. lessened its holdings in Toast, Inc. (NYSE:TOST - Free Report) by 66.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,456 shares of the company's stock after selling 55,462 shares during the period. Edgestream Partners L.P.'s holdings in Toast were worth $1,001,000 as of its most recent SEC filing.

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

Toast Price Performance

Shares of NYSE:TOST opened at $33.45 on Wednesday. Toast, Inc. has a 1-year low of $21.32 and a 1-year high of $44.12. The stock has a market cap of $16.52 billion, a P/E ratio of -3,341.46, a P/E/G ratio of 2.16 and a beta of 1.99. The firm has a fifty day moving average price of $38.29 and a 200 day moving average price of $34.51.

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Toast (NYSE:TOST - Get Free Report) last announced its 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). Toast had a return on equity of 1.54% and a net margin of 0.40%. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. Sell-side analysts expect that Toast, Inc. will post 0.39 EPS for the current fiscal year.

Insiders Place Their Bets

In other Toast news, Director Christopher P. Comparato sold 145,000 shares of the company's stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $36.04, for a total transaction of $5,225,800.00. Following the completion of the transaction, the director now owns 182,451 shares in the company, valued at approximately $6,575,534.04. This represents a 44.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Stephen Fredette sold 1,068 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was 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 of the company's stock, valued at $65,177,717.28. This trade represents a 0.06 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 220,119 shares of company stock valued at $7,797,608. 13.32% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

TOST has been the subject of a number of recent research reports. Oppenheimer assumed coverage on shares of Toast in a research note on Friday, January 24th. They issued an "outperform" rating and a $46.00 price target for the company. The Goldman Sachs Group set a $40.00 price objective on shares of Toast and gave the company a "neutral" rating in a report on Wednesday, February 19th. Canaccord Genuity Group boosted their target price on shares of Toast from $43.00 to $48.00 and gave the stock a "buy" rating in a research note on Thursday, February 20th. DA Davidson reissued a "neutral" rating and issued a $38.00 target price (down previously from $44.00) on shares of Toast in a report on Thursday, December 5th. Finally, Compass Point initiated coverage on Toast in a report on Wednesday, November 20th. They set a "buy" rating and a $49.00 price target for the company. One equities 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. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $40.48.

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.

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