Toast, Inc. (NYSE:TOST) Stock Holdings Increased by Westbourne Investment Advisors Inc.

Westbourne Investment Advisors Inc. lifted its stake in shares of Toast, Inc. (NYSE:TOST) by 16.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 223,427 shares of the company’s stock after purchasing an additional 30,873 shares during the quarter. Toast comprises about 1.6% of Westbourne Investment Advisors Inc.’s investment portfolio, making the stock its 24th largest holding. Westbourne Investment Advisors Inc.’s holdings in Toast were worth $4,080,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Raymond James & Associates lifted its holdings in shares of Toast by 115.4% in the first quarter. Raymond James & Associates now owns 24,946 shares of the company’s stock valued at $542,000 after buying an additional 13,364 shares during the period. HighTower Advisors LLC grew its stake in shares of Toast by 78.2% in the 1st quarter. HighTower Advisors LLC now owns 28,356 shares of the company’s stock worth $616,000 after purchasing an additional 12,446 shares during the last quarter. Citigroup Inc. bought a new stake in shares of Toast in the 1st quarter worth approximately $438,000. Ergoteles LLC acquired a new stake in Toast during the first quarter valued at approximately $2,427,000. Finally, First Trust Advisors LP acquired a new position in Toast in the first quarter worth approximately $33,356,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Insider Transactions at Toast

In other news, CFO Elena Gomez sold 11,650 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $17.39, for a total transaction of $202,593.50. Following the completion of the transaction, the chief financial officer now owns 170,314 shares of the company’s stock, valued at $2,961,760.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Elena Gomez sold 11,650 shares of the stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $17.39, for a total value of $202,593.50. Following the completion of the transaction, the chief financial officer now owns 170,314 shares in the company, valued at approximately $2,961,760.46. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CRO Jonathan Vassil sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $25.24, for a total transaction of $2,524,000.00. Following the transaction, the executive now directly owns 22,956 shares of the company’s stock, valued at $579,409.44. The disclosure for this sale can be found here. Insiders sold a total of 359,444 shares of company stock worth $7,276,642 over the last three months. 13.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

TOST has been the subject of several research reports. BNP Paribas raised Toast from a “neutral” rating to an “outperform” rating and set a $30.00 price objective for the company in a research note on Thursday, March 7th. The Goldman Sachs Group upgraded shares of Toast from a “neutral” rating to a “buy” rating and raised their target price for the stock from $16.00 to $24.00 in a report on Wednesday, January 10th. Bank of America downgraded shares of Toast from a “buy” rating to a “neutral” rating and reduced their price target for the company from $22.00 to $16.00 in a research report on Wednesday, December 6th. Mizuho reiterated a “neutral” rating and set a $17.00 price objective on shares of Toast in a research report on Wednesday. Finally, Royal Bank of Canada increased their target price on Toast from $19.00 to $23.00 and gave the company a “sector perform” rating in a report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $23.20.

Toast Stock Performance

Shares of NYSE TOST traded up $0.32 during mid-day trading on Thursday, reaching $24.65. 1,603,636 shares of the company traded hands, compared to its average volume of 8,803,689. The company’s fifty day moving average is $21.25 and its two-hundred day moving average is $18.57. Toast, Inc. has a fifty-two week low of $13.77 and a fifty-two week high of $27.00. The stock has a market cap of $10.77 billion, a PE ratio of -48.06 and a beta of 1.78.

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