Taylor Frigon Capital Management LLC Lowers Stake in Toast, Inc. (NYSE:TOST)

Taylor Frigon Capital Management LLC reduced its holdings in shares of Toast, Inc. (NYSE:TOST) by 10.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,457 shares of the company’s stock after selling 4,643 shares during the period. Taylor Frigon Capital Management LLC’s holdings in Toast were worth $1,475,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of TOST. Blue Trust Inc. lifted its position in Toast by 120.4% during the 4th quarter. Blue Trust Inc. now owns 692 shares of the company’s stock valued at $25,000 after acquiring an additional 378 shares during the period. Piscataqua Savings Bank purchased a new position in Toast in the fourth quarter worth about $26,000. Stonebridge Financial Group LLC purchased a new position in Toast in the fourth quarter worth about $34,000. Wingate Wealth Advisors Inc. purchased a new position in Toast in the fourth quarter worth about $40,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in Toast in the fourth quarter worth about $42,000. 82.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Christopher P. Comparato sold 145,000 shares of the company’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $36.04, for a total transaction of $5,225,800.00. Following the sale, the director now owns 182,451 shares of the company’s stock, valued at $6,575,534.04. This represents a 44.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Elena Gomez sold 2,052 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total transaction of $81,320.76. Following the sale, the chief financial officer now directly owns 160,498 shares in the company, valued at approximately $6,360,535.74. The trade was a 1.26 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 149,779 shares of company stock worth $5,415,192. 13.32% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on TOST shares. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Toast from $24.00 to $30.00 and gave the stock a “hold” rating in a report on Monday, November 4th. BNP Paribas set a $37.00 price objective on shares of Toast and gave the company a “neutral” rating in a report on Wednesday, February 19th. Robert W. Baird boosted their price objective on shares of Toast from $38.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. Morgan Stanley boosted their price objective on shares of Toast from $46.00 to $50.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. Finally, DA Davidson reissued a “neutral” rating and set a $38.00 price objective (down from $44.00) on shares of Toast in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $40.09.

Toast Stock Performance

Shares of NYSE:TOST opened at $37.64 on Thursday. The firm has a fifty day moving average price of $38.55 and a 200 day moving average price of $33.79. Toast, Inc. has a fifty-two week low of $21.28 and a fifty-two week high of $44.12. The firm has a market cap of $17.73 billion, a price-to-earnings ratio of -3,759.94, a P/E/G ratio of 2.16 and a beta of 1.98.

Toast (NYSE:TOST) last issued its earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Toast had a return on equity of 1.54% and a net margin of 0.40%. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. As a group, research analysts predict that Toast, Inc. will post 0.39 earnings per share for the current 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.