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

Chicago Partners Investment Group LLC cut its holdings in shares of Toast, Inc. (NYSE:TOST) by 6.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 27,147 shares of the company’s stock after selling 2,009 shares during the period. Chicago Partners Investment Group LLC’s holdings in Toast were worth $1,010,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. FMR LLC grew its holdings in Toast by 50.5% in the third 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 period. ValueAct Holdings L.P. acquired a new stake in Toast in the 3rd quarter valued at $438,301,000. State Street Corp raised its position in Toast by 2.5% during the third quarter. State Street Corp now owns 8,325,292 shares of the company’s stock worth $235,689,000 after acquiring an additional 206,789 shares during the period. Geode Capital Management LLC lifted its holdings in Toast by 2.3% during the third quarter. Geode Capital Management LLC now owns 6,865,934 shares of the company’s stock valued at $193,992,000 after purchasing an additional 155,212 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of Toast by 2,889.8% in the third quarter. Assenagon Asset Management S.A. now owns 3,829,995 shares of the company’s stock valued at $108,427,000 after purchasing an additional 3,701,893 shares during the period. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Toast Price Performance

NYSE TOST opened at $41.06 on Monday. The stock has a market capitalization of $19.34 billion, a P/E ratio of -315.85, a PEG ratio of 2.14 and a beta of 1.97. The firm’s 50-day moving average is $38.63 and its two-hundred day moving average is $32.00. Toast, Inc. has a 12 month low of $17.65 and a 12 month high of $44.12.

Toast (NYSE:TOST) last posted its quarterly earnings data 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. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Toast had a negative net margin of 1.05% and a negative return on equity of 3.84%. During the same quarter last year, the company posted ($0.09) EPS. As a group, analysts anticipate that Toast, Inc. will post 0.03 EPS for the current year.

Insider Activity

In related news, Director Richard Kent Bennett sold 22,885 shares of Toast stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $41.96, for a total value of $960,254.60. Following the completion of the transaction, the director now owns 395,706 shares in the company, valued at approximately $16,603,823.76. The trade was a 5.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David Yuan sold 189,785 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $43.01, for a total transaction of $8,162,652.85. Following the sale, the director now owns 198,829 shares in the company, valued at approximately $8,551,635.29. This trade represents a 48.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 557,670 shares of company stock valued at $21,670,707. 13.32% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Wells Fargo & Company upped their price target on shares of Toast from $25.00 to $30.00 and gave the stock an “underweight” rating in a research report on Thursday, January 16th. Wedbush raised 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. The Goldman Sachs Group reduced their price objective on Toast from $45.00 to $40.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Compass Point began coverage on shares of Toast in a research note on Wednesday, November 20th. They set a “buy” rating and a $49.00 target price on the stock. Finally, DA Davidson reiterated a “neutral” rating and issued a $38.00 target price (down from $44.00) on shares of Toast in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Toast presently has a consensus rating of “Hold” and a consensus price target of $35.74.

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.