Motley Fool Asset Management LLC Purchases Shares of 135,964 Toast, Inc. (NYSE:TOST)

Motley Fool Asset Management LLC purchased a new stake in Toast, Inc. (NYSE:TOST) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 135,964 shares of the company’s stock, valued at approximately $2,483,000.

A number of other hedge funds have also made changes to their positions in the business. Baystate Wealth Management LLC bought a new stake in shares of Toast in the 3rd quarter worth approximately $29,000. BluePath Capital Management LLC bought a new stake in shares of Toast in the 3rd quarter worth about $30,000. SRS Capital Advisors Inc. bought a new stake in Toast during the 3rd quarter worth about $33,000. Larson Financial Group LLC boosted its stake in shares of Toast by 8,181.8% in the 3rd quarter. Larson Financial Group LLC now owns 1,822 shares of the company’s stock valued at $34,000 after purchasing an additional 1,800 shares during the last quarter. Finally, Spire Wealth Management boosted its stake in shares of Toast by 481.6% in the 3rd quarter. Spire Wealth Management now owns 1,838 shares of the company’s stock valued at $34,000 after purchasing an additional 1,522 shares during the last quarter. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Toast Price Performance

TOST traded up $0.79 during trading on Friday, hitting $23.91. The company’s stock had a trading volume of 6,396,283 shares, compared to its average volume of 8,090,827. The stock has a market cap of $10.79 billion, a PE ratio of -45.32 and a beta of 1.79. The firm’s 50 day moving average price is $23.33 and its 200-day moving average price is $19.19. Toast, Inc. has a twelve month low of $13.77 and a twelve month high of $27.00.

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

Analysts Set New Price Targets

TOST has been the topic of a number of recent research reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $23.00 price objective on shares of Toast in a report on Thursday, April 11th. Robert W. Baird upped their target price on Toast from $24.00 to $28.00 and gave the company an “outperform” rating in a report on Monday, April 15th. Evercore ISI initiated coverage on Toast in a research report on Monday, March 4th. They set an “outperform” rating and a $32.00 target price on the stock. BNP Paribas upgraded Toast from a “neutral” rating to an “outperform” rating and set a $30.00 target price on the stock in a research note on Thursday, March 7th. Finally, Keefe, Bruyette & Woods started coverage on Toast in a report on Tuesday, April 9th. They set a “market perform” rating and a $25.00 target price for the company. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $24.32.

Insider Buying and Selling at Toast

In related 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 transaction, the chief executive officer now owns 1,114,454 shares in the company, valued at $26,078,223.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, General Counsel Brian R. Elworthy sold 224,900 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $18.37, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Aman Narang sold 2,471 shares of the firm’s 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 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. Over the last 90 days, insiders have sold 414,486 shares of company stock worth $8,662,487. 13.70% of the stock is owned by company insiders.

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.