Toast, Inc. (NYSE:TOST) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors lessened its holdings in shares of Toast, Inc. (NYSE:TOST - Free Report) by 17.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,573 shares of the company's stock after selling 6,362 shares during the period. Captrust Financial Advisors' holdings in Toast were worth $1,114,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its position in Toast by 5.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,938,487 shares of the company's stock worth $107,108,000 after purchasing an additional 155,446 shares during the last quarter. Jupiter Asset Management Ltd. raised its position in shares of Toast by 134.3% during the 4th quarter. Jupiter Asset Management Ltd. now owns 392,853 shares of the company's stock valued at $14,319,000 after buying an additional 225,215 shares during the period. New York Life Investment Management LLC acquired a new position in Toast in the fourth quarter valued at approximately $1,572,000. Forsta AP Fonden grew its position in Toast by 191.4% in the fourth quarter. Forsta AP Fonden now owns 234,300 shares of the company's stock worth $8,540,000 after acquiring an additional 153,900 shares during the period. Finally, BNP Paribas Financial Markets acquired a new stake in Toast during the fourth quarter worth $83,684,000. Institutional investors and hedge funds own 82.91% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on TOST shares. Keefe, Bruyette & Woods increased their price target on Toast from $40.00 to $42.00 and gave the stock a "market perform" rating in a report on Thursday, February 20th. UBS Group upped their target price on shares of Toast from $41.00 to $47.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. Royal Bank of Canada lifted their price target on shares of Toast from $40.00 to $45.00 and gave the company a "sector perform" rating in a research report on Thursday, February 20th. Evercore ISI assumed coverage on shares of Toast in a report on Wednesday, April 9th. They issued an "in-line" rating and a $29.00 price objective on the stock. Finally, DA Davidson lowered their price objective on shares of Toast from $42.00 to $40.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Thirteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Toast presently has an average rating of "Hold" and an average price target of $40.91.

Insider Activity at Toast

In related news, President Stephen Fredette sold 70,340 shares of the business's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $33.87, for a total value of $2,382,415.80. Following the completion of the sale, the president now directly owns 1,574,316 shares of the company's stock, valued at $53,322,082.92. The trade was a 4.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul D. Bell sold 11,000 shares of the firm's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $45.13, for a total value of $496,430.00. Following the transaction, the director now directly owns 229,680 shares in the company, valued at approximately $10,365,458.40. The trade was a 4.57% decrease in their position. The disclosure for this sale can be found here. Insiders sold 416,991 shares of company stock valued at $15,242,750 over the last three months. 13.32% of the stock is owned by corporate insiders.

Toast Stock Down 0.1%

Toast stock traded down $0.04 during midday trading on Monday, reaching $44.68. The company's stock had a trading volume of 4,926,628 shares, compared to its average volume of 6,862,551. The company has a market cap of $22.25 billion, a P/E ratio of -4,463.54, a P/E/G ratio of 2.16 and a beta of 1.98. The business has a 50-day simple moving average of $35.55 and a 200-day simple moving average of $37.41. Toast, Inc. has a fifty-two week low of $21.32 and a fifty-two week high of $45.56.

Toast (NYSE:TOST - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates 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. As a group, equities analysts forecast 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.