Toast, Inc. (NYSE:TOST) Stock Position Reduced by Beaumont Financial Advisors LLC

Beaumont Financial Advisors LLC trimmed its holdings in Toast, Inc. (NYSE:TOST) by 35.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,000 shares of the company’s stock after selling 35,000 shares during the period. Beaumont Financial Advisors LLC’s holdings in Toast were worth $2,369,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. ValueAct Holdings L.P. bought a new position in Toast in the third quarter valued at approximately $438,301,000. FMR LLC increased its stake in shares of Toast by 50.5% in the 3rd quarter. FMR LLC now owns 24,449,743 shares of the company’s stock valued at $692,172,000 after purchasing an additional 8,205,053 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Toast by 2,889.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,829,995 shares of the company’s stock valued at $108,427,000 after acquiring an additional 3,701,893 shares during the last quarter. Perpetual Ltd bought a new stake in shares of Toast in the fourth quarter worth $60,878,000. Finally, Marshall Wace LLP raised its position in shares of Toast by 175.8% in the 2nd quarter. Marshall Wace LLP now owns 2,517,288 shares of the company’s stock worth $64,871,000 after acquiring an additional 1,604,716 shares in the last quarter. 82.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TOST has been the subject of several recent analyst reports. Piper Sandler raised their price objective on shares of Toast from $25.00 to $35.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Robert W. Baird increased their price objective on shares of Toast from $30.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Wedbush boosted their target price on Toast from $35.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Wells Fargo & Company raised their price objective on Toast from $25.00 to $30.00 and gave the company an “underweight” rating in a research note on Thursday, January 16th. Finally, Keefe, Bruyette & Woods upped their target price on Toast from $29.00 to $40.00 and gave the stock a “market perform” rating in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $35.27.

Insider Activity

In other Toast news, Director Christopher P. Comparato sold 145,000 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $36.04, for a total transaction of $5,225,800.00. Following the sale, the director now directly owns 182,451 shares in the company, valued at $6,575,534.04. This represents a 44.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Richard Kent Bennett sold 100,000 shares of Toast stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $36.67, for a total value of $3,667,000.00. Following the completion of the transaction, the director now owns 418,591 shares of the company’s stock, valued at approximately $15,349,731.97. This trade represents a 19.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 562,600 shares of company stock worth $21,823,932 over the last 90 days. 13.32% of the stock is currently owned by insiders.

Toast Trading Up 2.1 %

Shares of Toast stock opened at $38.67 on Wednesday. The business’s 50-day moving average price is $38.91 and its 200-day moving average price is $31.11. Toast, Inc. has a 12 month low of $16.13 and a 12 month high of $44.12. The firm has a market capitalization of $18.21 billion, a PE ratio of -297.48, a price-to-earnings-growth ratio of 2.00 and a beta of 1.97.

Toast (NYSE:TOST) last posted its earnings results on Thursday, November 7th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. Toast had a negative net margin of 1.05% and a negative return on equity of 3.84%. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the business posted ($0.09) earnings per share. As a group, analysts predict that Toast, Inc. will post 0.03 earnings per share for the current fiscal year.

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.