Y Intercept Hong Kong Ltd Decreases Stake in Toast, Inc. (NYSE:TOST)

Y Intercept Hong Kong Ltd lowered its stake in shares of Toast, Inc. (NYSE:TOST - Free Report) by 58.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,621 shares of the company's stock after selling 67,357 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Toast were worth $1,772,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of TOST. Blue Trust Inc. grew its stake in Toast by 120.4% in the 4th 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 bought a new position in shares of Toast during the 4th quarter worth $26,000. Stonebridge Financial Group LLC purchased a new stake in Toast during the 4th quarter worth about $34,000. Wingate Wealth Advisors Inc. purchased a new stake in Toast during the 4th quarter worth about $40,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in Toast during the 4th quarter worth about $42,000. Institutional investors own 82.91% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on TOST shares. Morgan Stanley raised their price target on Toast from $46.00 to $50.00 and gave the company an "overweight" rating in a report on Thursday, February 20th. Deutsche Bank Aktiengesellschaft raised their price target on Toast from $24.00 to $30.00 and gave the company a "hold" rating in a report on Monday, November 4th. UBS Group raised their price target on Toast from $41.00 to $47.00 and gave the company a "buy" rating in a report on Thursday, February 20th. Needham & Company LLC reaffirmed a "buy" rating and issued a $50.00 price target on shares of Toast in a report on Thursday, February 20th. Finally, DA Davidson reaffirmed a "neutral" rating and issued a $38.00 price target (down previously from $44.00) on shares of Toast in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $40.09.

Remove Ads

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 completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Christopher P. Comparato sold 145,000 shares of the firm's stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $36.04, for a total value of $5,225,800.00. Following the completion of the transaction, the director now owns 182,451 shares of the company's stock, valued at approximately $6,575,534.04. The trade was a 44.28 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 149,779 shares of company stock worth $5,415,192. 13.32% of the stock is currently owned by insiders.

Toast Stock Performance

TOST traded up $1.12 on Friday, hitting $38.65. 6,954,664 shares of the company were exchanged, compared to its average volume of 6,422,636. The firm has a fifty day simple moving average of $38.61 and a two-hundred day simple moving average of $33.92. Toast, Inc. has a 12 month low of $21.32 and a 12 month high of $44.12. The stock has a market capitalization of $18.20 billion, a PE ratio of -3,860.74, a price-to-earnings-growth ratio of 2.16 and a beta of 1.98.

Toast (NYSE:TOST - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) 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 company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. On average, equities analysts expect that Toast, Inc. will post 0.39 earnings per share for the current year.

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.