Ellevest Inc. Sells 657 Shares of Toast, Inc. (NYSE:TOST)

Ellevest Inc. cut its position in Toast, Inc. (NYSE:TOST) by 3.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 21,199 shares of the company’s stock after selling 657 shares during the period. Ellevest Inc.’s holdings in Toast were worth $773,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. lifted its holdings in Toast by 120.4% during the 4th quarter. Blue Trust Inc. now owns 692 shares of the company’s stock worth $25,000 after buying an additional 378 shares during the period. Piscataqua Savings Bank acquired a new position in shares of Toast in the fourth quarter worth approximately $26,000. Stonebridge Financial Group LLC bought a new stake in Toast in the fourth quarter valued at approximately $34,000. SBI Securities Co. Ltd. acquired a new stake in Toast during the 4th quarter valued at approximately $35,000. Finally, Wingate Wealth Advisors Inc. bought a new position in Toast during the 4th quarter worth approximately $40,000. 82.91% of the stock is owned by institutional investors and hedge funds.

Toast Trading Up 11.5 %

Shares of TOST opened at $40.85 on Friday. The stock has a 50 day moving average of $34.56 and a 200 day moving average of $36.81. The company has a market capitalization of $20.32 billion, a price-to-earnings ratio of -4,080.92, a PEG ratio of 2.16 and a beta of 1.98. Toast, Inc. has a 12 month low of $21.32 and a 12 month high of $44.12.

Toast (NYSE:TOST) last announced its 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). The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Toast had a net margin of 0.40% and a return on equity of 1.54%. As a group, equities research analysts predict that Toast, Inc. will post 0.39 earnings per share for the current year.

Insider Buying and Selling at Toast

In related news, Director Christopher P. Comparato sold 70,000 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $35.71, for a total transaction of $2,499,700.00. Following the sale, the director now directly owns 164,796 shares in the company, valued at approximately $5,884,865.16. This represents a 29.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, President Stephen Fredette sold 70,340 shares of Toast stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $33.87, for a total transaction of $2,382,415.80. Following the completion of the transaction, the president now owns 1,574,316 shares of the company’s stock, valued at $53,322,082.92. This represents a 4.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 335,991 shares of company stock worth $11,614,520 over the last three months. 13.32% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on TOST. Royal Bank of Canada increased their price objective on shares of Toast from $40.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 20th. The Goldman Sachs Group lowered their price objective on Toast from $43.00 to $38.00 and set a “neutral” rating for the company in a research report on Wednesday, April 2nd. Needham & Company LLC restated a “buy” rating and set a $50.00 target price on shares of Toast in a research report on Thursday, February 20th. Keefe, Bruyette & Woods lifted their target price on Toast from $40.00 to $42.00 and gave the stock a “market perform” rating in a report on Thursday, February 20th. Finally, Oppenheimer initiated coverage on Toast in a report on Friday, January 24th. They set an “outperform” rating and a $46.00 price target on the stock. Thirteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Toast currently has an average rating of “Hold” and a consensus price target of $40.91.

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.