Motley Fool Asset Management LLC Reduces Position in Toast, Inc. (NYSE:TOST)

Motley Fool Asset Management LLC reduced its position in shares of Toast, Inc. (NYSE:TOST) by 13.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 337,158 shares of the company’s stock after selling 52,298 shares during the period. Motley Fool Asset Management LLC owned about 0.07% of Toast worth $12,289,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In related news, President Stephen Fredette sold 1,068 shares of the business’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 $42,324.84. Following the sale, the president now directly owns 1,644,656 shares in the company, valued at $65,177,717.28. The trade was a 0.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christopher P. Comparato sold 70,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 164,796 shares of the company’s stock, valued at $5,884,865.16. This trade represents a 29.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 270,770 shares of company stock worth $9,409,211 in the last quarter. Company insiders own 13.32% of the company’s stock.

Toast Stock Up 4.4 %

NYSE:TOST opened at $35.77 on Thursday. The firm’s fifty day simple moving average is $37.48 and its 200-day simple moving average is $35.66. The stock has a market cap of $17.67 billion, a PE ratio of -3,573.43, a price-to-earnings-growth ratio of 2.16 and a beta of 1.99. Toast, Inc. has a fifty-two week low of $21.32 and a fifty-two week high of $44.12.

Toast (NYSE:TOST) last issued its earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $1.32 billion. Equities analysts anticipate that Toast, Inc. will post 0.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Morgan Stanley lifted their target price on Toast from $46.00 to $50.00 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. Wells Fargo & Company boosted 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. The Goldman Sachs Group decreased their price objective on Toast from $43.00 to $38.00 and set a “neutral” rating for the company in a report on Wednesday. Canaccord Genuity Group upped their price target on shares of Toast from $43.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $50.00 price target on shares of Toast in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $40.38.

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.