AtonRa Partners Reduces Stock Position in Toast, Inc. (NYSE:TOST)

AtonRa Partners lessened its holdings in Toast, Inc. (NYSE:TOST) by 17.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 16,569 shares of the company’s stock after selling 3,547 shares during the quarter. AtonRa Partners’ holdings in Toast were worth $303,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of TOST. Baystate Wealth Management LLC acquired a new position in Toast in the third quarter valued at $29,000. BluePath Capital Management LLC acquired a new stake in shares of Toast during the third quarter worth about $30,000. SRS Capital Advisors Inc. acquired a new stake in shares of Toast during the third quarter worth about $33,000. Larson Financial Group LLC boosted its stake in shares of Toast by 8,181.8% during the third quarter. Larson Financial Group LLC now owns 1,822 shares of the company’s stock worth $34,000 after buying an additional 1,800 shares during the period. Finally, Spire Wealth Management boosted its stake in shares of Toast by 481.6% during the third quarter. Spire Wealth Management now owns 1,838 shares of the company’s stock worth $34,000 after buying an additional 1,522 shares during the period. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on TOST shares. Robert W. Baird increased their target price on shares of Toast from $24.00 to $28.00 and gave the stock an “outperform” rating in a research note on Monday, April 15th. Wells Fargo & Company increased their target price on shares of Toast from $15.00 to $17.00 and gave the stock an “underweight” rating in a research note on Friday, April 12th. Keefe, Bruyette & Woods assumed coverage on shares of Toast in a research report on Tuesday, April 9th. They issued a “market perform” rating and a $25.00 price objective for the company. Redburn Atlantic upgraded shares of Toast from a “neutral” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Wednesday, February 7th. Finally, Mizuho restated a “neutral” rating and issued a $17.00 price objective on shares of Toast in a research report on Wednesday, March 27th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $24.32.

Insider Transactions at Toast

In other news, CEO Aman Narang sold 2,471 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $23.40, for a total transaction of $57,821.40. Following the completion of the transaction, the chief executive officer now directly owns 1,114,454 shares of the company’s stock, valued at approximately $26,078,223.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Toast news, General Counsel Brian R. Elworthy sold 224,900 shares of Toast stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $18.37, for a total value of $4,131,413.00. Following the transaction, the general counsel now owns 160,340 shares in the company, valued at approximately $2,945,445.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Aman Narang sold 2,471 shares of Toast stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $23.40, for a total transaction of $57,821.40. Following the completion of the transaction, the chief executive officer now owns 1,114,454 shares in the company, valued at approximately $26,078,223.60. The disclosure for this sale can be found here. Insiders sold a total of 414,486 shares of company stock valued at $8,662,487 in the last ninety days. Corporate insiders own 13.70% of the company’s stock.

Toast Price Performance

Toast stock traded up $0.03 during mid-day trading on Monday, reaching $23.94. The company had a trading volume of 5,455,576 shares, compared to its average volume of 8,058,751. The stock’s 50-day simple moving average is $23.36 and its 200-day simple moving average is $19.24. Toast, Inc. has a 1 year low of $13.77 and a 1 year high of $27.00. The company has a market capitalization of $10.81 billion, a P/E ratio of -46.88 and a beta of 1.79.

Toast (NYSE:TOST) last issued its quarterly earnings data on Thursday, February 15th. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.04. Toast had a negative net margin of 6.36% and a negative return on equity of 21.77%. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the company posted ($0.19) EPS. The company’s revenue was up 34.7% on a year-over-year basis. On average, equities analysts forecast that Toast, Inc. will post -0.22 EPS for the current fiscal year.

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.