Toast, Inc. (NYSE:TOST) Shares Sold by Values First Advisors Inc.

Values First Advisors Inc. reduced its holdings in Toast, Inc. (NYSE:TOST) by 44.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,113 shares of the company’s stock after selling 14,506 shares during the quarter. Values First Advisors Inc.’s holdings in Toast were worth $331,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Advisor Group Holdings Inc. raised its holdings in Toast by 4.3% during the fourth quarter. Advisor Group Holdings Inc. now owns 12,738 shares of the company’s stock worth $229,000 after purchasing an additional 530 shares during the last quarter. Brown Advisory Inc. raised its holdings in shares of Toast by 2.6% in the third quarter. Brown Advisory Inc. now owns 26,861 shares of the company’s stock worth $503,000 after acquiring an additional 675 shares during the last quarter. Raymond James & Associates raised its holdings in shares of Toast by 5.1% in the fourth quarter. Raymond James & Associates now owns 14,889 shares of the company’s stock worth $268,000 after acquiring an additional 725 shares during the last quarter. Trinity Financial Advisors LLC raised its holdings in shares of Toast by 3.7% in the third quarter. Trinity Financial Advisors LLC now owns 21,135 shares of the company’s stock worth $396,000 after acquiring an additional 747 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its holdings in shares of Toast by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 155,598 shares of the company’s stock worth $2,914,000 after acquiring an additional 790 shares during the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TOST. Evercore ISI began coverage on Toast in a research report on Monday, March 4th. They issued an “outperform” rating and a $32.00 price objective for the company. Wells Fargo & Company lifted their price objective on Toast from $12.00 to $15.00 and gave the company an “underweight” rating in a research report on Friday, February 16th. The Goldman Sachs Group raised Toast from a “neutral” rating to a “buy” rating and boosted their price target for the company from $16.00 to $24.00 in a research report on Wednesday, January 10th. Redburn Atlantic raised Toast from a “neutral” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Wednesday, February 7th. Finally, Mizuho reissued a “neutral” rating and set a $17.00 price target on shares of Toast in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $23.20.

Insider Buying and Selling at Toast

In other Toast news, General Counsel Brian R. Elworthy sold 1,722 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $17.39, for a total transaction of $29,945.58. Following the sale, the general counsel now owns 383,188 shares in the company, valued at $6,663,639.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Aman Narang sold 2,871 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $17.39, for a total transaction of $49,926.69. Following the completion of the transaction, the chief executive officer now directly owns 1,156,538 shares of the company’s stock, valued at $20,112,195.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Brian R. Elworthy sold 1,722 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $17.39, for a total value of $29,945.58. Following the transaction, the general counsel now directly owns 383,188 shares of the company’s stock, valued at $6,663,639.32. The disclosure for this sale can be found here. Insiders have sold 359,444 shares of company stock worth $7,276,642 over the last quarter. 13.70% of the stock is owned by corporate insiders.

Toast Stock Performance

Shares of NYSE:TOST traded up $0.59 during trading on Thursday, hitting $24.92. The company’s stock had a trading volume of 6,788,714 shares, compared to its average volume of 8,890,070. Toast, Inc. has a fifty-two week low of $13.77 and a fifty-two week high of $27.00. The stock’s 50-day moving average price is $21.40 and its two-hundred day moving average price is $18.62. The company has a market capitalization of $10.89 billion, a PE ratio of -48.86 and a beta of 1.78.

Toast (NYSE:TOST) last released its quarterly earnings results on Thursday, February 15th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.04. Toast had a negative return on equity of 21.77% and a negative net margin of 6.36%. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the firm posted ($0.19) earnings per share. The company’s revenue was up 34.7% compared to the same quarter last year. On average, equities analysts predict that Toast, Inc. will post -0.22 earnings per share for the current fiscal year.

About Toast

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.