Toast, Inc. (NYSE:TOST) Shares Sold by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC lessened its position in shares of Toast, Inc. (NYSE:TOST) by 21.8% during the 3rd quarter, Holdings Channel reports. The firm owned 29,156 shares of the company’s stock after selling 8,126 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Toast were worth $853,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of TOST. LRI Investments LLC purchased a new stake in Toast in the first quarter valued at approximately $27,000. West Branch Capital LLC purchased a new stake in shares of Toast in the 2nd quarter valued at $26,000. Toth Financial Advisory Corp purchased a new stake in shares of Toast in the 3rd quarter valued at $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Toast during the second quarter worth $33,000. Finally, 1620 Investment Advisors Inc. acquired a new position in Toast during the second quarter valued at $34,000. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on TOST shares. Wedbush raised Toast to a “strong-buy” rating in a research report on Friday, September 6th. Mizuho raised Toast from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $21.00 to $33.00 in a report on Thursday, July 18th. Stephens upped their price objective on Toast from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. The Goldman Sachs Group lifted their target price on shares of Toast from $29.00 to $33.00 and gave the company a “buy” rating in a report on Monday, October 14th. Finally, Bank of America increased their price target on shares of Toast from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $29.26.

Toast Stock Performance

Shares of TOST opened at $30.98 on Monday. The stock has a 50 day moving average price of $27.37 and a 200 day moving average price of $25.65. Toast, Inc. has a one year low of $13.77 and a one year high of $31.57. The stock has a market capitalization of $14.28 billion, a price-to-earnings ratio of -106.83 and a beta of 1.74.

Toast (NYSE:TOST) last released its earnings results on Tuesday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.04. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. Toast had a negative net margin of 3.10% and a negative return on equity of 11.27%. The company’s revenue for the quarter was up 27.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.19) earnings per share. On average, analysts predict that Toast, Inc. will post -0.1 earnings per share for the current year.

Insider Activity at Toast

In other Toast news, General Counsel Brian R. Elworthy sold 2,878 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $27.77, for a total value of $79,922.06. Following the transaction, the general counsel now directly owns 177,836 shares of the company’s stock, valued at $4,938,505.72. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Christopher P. Comparato sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $24.35, for a total transaction of $2,435,000.00. Following the completion of the sale, the director now directly owns 120,107 shares in the company, valued at approximately $2,924,605.45. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Brian R. Elworthy sold 2,878 shares of Toast stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $27.77, for a total transaction of $79,922.06. Following the transaction, the general counsel now directly owns 177,836 shares in the company, valued at $4,938,505.72. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,370,721 shares of company stock valued at $37,996,988. Corporate insiders own 13.32% of the company’s stock.

Toast 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.