9,246 Shares in Toast, Inc. (NYSE:TOST) Bought by Graham Capital Management L.P.

Graham Capital Management L.P. purchased a new stake in shares of Toast, Inc. (NYSE:TOST - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,246 shares of the company's stock, valued at approximately $337,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of TOST. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Toast by 0.8% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 38,632 shares of the company's stock valued at $1,408,000 after acquiring an additional 301 shares during the period. Keel Point LLC increased its stake in Toast by 2.7% in the 4th quarter. Keel Point LLC now owns 12,269 shares of the company's stock worth $447,000 after purchasing an additional 326 shares during the period. EverSource Wealth Advisors LLC lifted its position in Toast by 11.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,435 shares of the company's stock valued at $125,000 after purchasing an additional 358 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Toast by 120.4% during 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 period. Finally, Farther Finance Advisors LLC grew its holdings in shares of Toast by 19.8% in the fourth quarter. Farther Finance Advisors LLC now owns 2,435 shares of the company's stock worth $89,000 after purchasing an additional 402 shares during the last quarter. 82.91% of the stock is owned by institutional investors.

Insider Buying and Selling at Toast

In other news, Director Deval L. Patrick sold 34,222 shares of Toast stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $33.01, for a total value of $1,129,668.22. Following the completion of the transaction, the director now owns 13,260 shares of the company's stock, valued at $437,712.60. The trade was a 72.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul D. Bell sold 11,000 shares of the company's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $45.13, for a total transaction of $496,430.00. Following the completion of the transaction, the director now 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. Over the last 90 days, insiders sold 416,991 shares of company stock worth $15,242,750. 13.32% of the stock is owned by insiders.

Toast Price Performance

Shares of NYSE TOST opened at $44.69 on Friday. Toast, Inc. has a 1 year low of $21.32 and a 1 year high of $45.56. The firm has a 50-day moving average of $35.55 and a 200 day moving average of $37.36. The stock has a market cap of $22.25 billion, a P/E ratio of -4,464.04, a price-to-earnings-growth ratio of 2.16 and a beta of 1.98.

Toast (NYSE:TOST - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The business had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.32 billion. Toast had a net margin of 0.40% and a return on equity of 1.54%. Research analysts expect that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Royal Bank of Canada upped their price target on shares of Toast from $40.00 to $45.00 and gave the company a "sector perform" rating in a report on Thursday, February 20th. JPMorgan Chase & Co. upped their price objective on shares of Toast from $36.00 to $42.00 and gave the company a "neutral" rating in a research note on Thursday, February 20th. Keefe, Bruyette & Woods raised their target price on Toast from $40.00 to $42.00 and gave the stock a "market perform" rating in a research note on Thursday, February 20th. DA Davidson reduced their price target on Toast from $42.00 to $40.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Finally, The Goldman Sachs Group dropped their price objective on Toast from $43.00 to $38.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. Thirteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $40.91.

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.

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