Y Intercept Hong Kong Ltd Decreases Position in Toast, Inc. (NYSE:TOST)

Y Intercept Hong Kong Ltd cut its stake in Toast, Inc. (NYSE:TOST) by 58.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,621 shares of the company’s stock after selling 67,357 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Toast were worth $1,772,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. raised its holdings in Toast by 120.4% in 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 last quarter. Piscataqua Savings Bank acquired a new stake in Toast in the 4th quarter valued at about $26,000. Stonebridge Financial Group LLC acquired a new stake in Toast in the 4th quarter valued at about $34,000. Wingate Wealth Advisors Inc. acquired a new stake in Toast in the 4th quarter valued at about $40,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Toast in the 4th quarter valued at about $42,000. 82.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on TOST shares. Oppenheimer assumed coverage on shares of Toast in a report on Friday, January 24th. They issued an “outperform” rating and a $46.00 price objective for the company. Wells Fargo & Company raised their price target on shares of Toast from $25.00 to $30.00 and gave the stock an “underweight” rating in a report on Thursday, January 16th. Keefe, Bruyette & Woods raised their price target on shares of Toast from $40.00 to $42.00 and gave the stock a “market perform” rating in a report on Thursday, February 20th. JPMorgan Chase & Co. raised their price target on shares of Toast from $36.00 to $42.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Finally, UBS Group raised their price target on shares of Toast from $41.00 to $47.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. One 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 MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $40.09.

Insider Transactions at Toast

In other news, General Counsel Brian R. Elworthy sold 653 shares of Toast stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total transaction of $25,878.39. Following the completion of the sale, the general counsel now directly owns 209,206 shares of the company’s stock, valued at approximately $8,290,833.78. The trade was a 0.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher P. Comparato sold 145,000 shares of Toast stock in a transaction 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 of the company’s stock, valued at approximately $6,575,534.04. This trade represents a 44.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 149,779 shares of company stock valued at $5,415,192. Insiders own 13.32% of the company’s stock.

Toast Stock Down 2.8 %

Shares of TOST stock opened at $36.13 on Wednesday. Toast, Inc. has a 52 week low of $21.02 and a 52 week high of $44.12. The stock has a market capitalization of $17.02 billion, a PE ratio of -3,609.79, a P/E/G ratio of 2.16 and a beta of 1.98. The firm has a 50 day moving average of $38.53 and a two-hundred day moving average of $33.77.

Toast (NYSE:TOST) last issued its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $1.32 billion. Analysts expect that Toast, Inc. will post 0.39 EPS 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.