Generali Investments Towarzystwo Funduszy Inwestycyjnych Sells 6,000 Shares of Toast, Inc. (NYSE:TOST)

Generali Investments Towarzystwo Funduszy Inwestycyjnych trimmed its holdings in shares of Toast, Inc. (NYSE:TOST) by 13.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,000 shares of the company’s stock after selling 6,000 shares during the quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych’s holdings in Toast were worth $1,422,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TOST. Blue Trust Inc. grew its position in Toast by 120.4% during the fourth quarter. Blue Trust Inc. now owns 692 shares of the company’s stock valued at $25,000 after buying an additional 378 shares during the period. Piscataqua Savings Bank bought a new stake in Toast during the fourth quarter valued at approximately $26,000. Stonebridge Financial Group LLC bought a new stake in Toast during the fourth quarter valued at approximately $34,000. Wingate Wealth Advisors Inc. bought a new stake in Toast during the fourth quarter valued at approximately $40,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in Toast during the fourth quarter valued at approximately $42,000. 82.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TOST. UBS Group upped their price target on shares of Toast from $41.00 to $47.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. Canaccord Genuity Group increased their price objective on shares of Toast from $43.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. Compass Point initiated coverage on shares of Toast in a research note on Wednesday, November 20th. They issued a “buy” rating and a $49.00 price objective for the company. DA Davidson reissued a “neutral” rating and issued a $38.00 price objective (down from $44.00) on shares of Toast in a research note on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Toast from $24.00 to $30.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $40.09.

Toast Stock Down 0.2 %

TOST stock opened at $37.57 on Friday. Toast, Inc. has a 52 week low of $21.32 and a 52 week high of $44.12. The company has a fifty day simple moving average of $38.55 and a two-hundred day simple moving average of $33.79. The firm has a market capitalization of $17.69 billion, a P/E ratio of -3,752.75, a price-to-earnings-growth ratio of 2.16 and a beta of 1.98.

Toast (NYSE:TOST) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). Toast had a net margin of 0.40% and a return on equity of 1.54%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. As a group, analysts anticipate that Toast, Inc. will post 0.39 EPS for the current year.

Insider Transactions at Toast

In other news, General Counsel Brian R. Elworthy sold 653 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total value of $25,878.39. Following the completion of the sale, the general counsel now owns 209,206 shares in the company, valued at approximately $8,290,833.78. This trade represents a 0.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Jonathan Vassil sold 1,006 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total transaction of $39,867.78. Following the completion of the sale, the executive now owns 48,488 shares of the company’s stock, valued at $1,921,579.44. This trade represents a 2.03 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 149,779 shares of company stock worth $5,415,192. 13.32% of the stock is currently owned by insiders.

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.