Abacus FCF Advisors LLC Decreases Stock Position in Toast, Inc. $TOST

Key Points

• Abacus FCF Advisors LLC cut its Toast stake by 56.6% in Q4, selling 200,542 shares and retaining 153,730 shares worth about $5.46 million.
• Insiders have been selling recently: CEO Aman Narang sold 13,463 shares and CFO Elena Gomez sold 8,929, with insiders offloading 46,030 shares (~$1.23M) in the past 90 days while still owning 12.14% of the company.
• Analyst sentiment is mostly positive — bullish pieces and coverage initiations from sources like Seeking Alpha and BMO contrast with some cautious notes, and MarketBeat shows an average rating of "Moderate Buy" with a $39.48 price target; Toast also reported profitability and 22% revenue growth, and Q1 results on May 7 are a near‑term catalyst.

Abacus FCF Advisors LLC decreased its position in Toast, Inc. (NYSE:TOST - Free Report) by 56.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 153,730 shares of the company's stock after selling 200,542 shares during the quarter. Abacus FCF Advisors LLC's holdings in Toast were worth $5,459,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Quent Capital LLC bought a new stake in Toast during the 3rd quarter valued at approximately $27,000. Alpine Bank Wealth Management purchased a new stake in Toast during the 3rd quarter valued at $30,000. Central Pacific Bank Trust Division increased its holdings in Toast by 123.5% in the 4th quarter. Central Pacific Bank Trust Division now owns 943 shares of the company's stock worth $33,000 after buying an additional 521 shares in the last quarter. Wolff Wiese Magana LLC bought a new position in shares of Toast during the 3rd quarter valued at $37,000. Finally, Root Financial Partners LLC purchased a new position in shares of Toast in the 3rd quarter worth $42,000. Institutional investors own 82.91% of the company's stock.

Toast News Roundup

Here are the key news stories impacting Toast this week:

• Positive Sentiment: Seeking Alpha upgrades TOST to a strong‑buy, arguing “the profit era begins” — highlights robust GAAP profitability and very high incremental operating margins, management’s 20% revenue growth guide and AI opportunity via ToastIQ as a durable growth/margin driver. Toast: The Profit Era Begins
• Positive Sentiment: BMO Capital initiated coverage with an outperform / strong‑buy — the initiation adds institutional legitimacy to the bullish narrative and likely helped lift investor demand. BMO Coverage
• Positive Sentiment: Another Seeking Alpha piece frames Toast as a high‑growth specialist with AI tailwinds and strong 2025 metrics (location, revenue and ARR growth), reinforcing the upside case as Toast shifts mix toward higher‑margin software/fintech. Toast: A High-Growth Specialist With AI Tailwinds
• Neutral Sentiment: Toast set its Q1 2026 earnings release for after market close on May 7 and will host a conference call — a near‑term catalyst that could amplify moves in either direction. Earnings Release
• Neutral Sentiment: Toast is piloting its Alicart/AI rollout to test its AI platform — progress on AI features could be incremental upside if adoption scales, but the story remains execution‑dependent. Alicart Rollout Tests AI
• Neutral Sentiment: Coverage pieces and Zacks writeups noting Wall Street’s bullish views increase investor attention but are descriptive rather than new fundamental catalysts. Zacks: Wall Street Views
• Negative Sentiment: Insider selling disclosed: Director Deval L. Patrick sold 1,667 shares (filed with the SEC). While small vs. his holdings, insider sales can create short‑term unease for some investors. Insider Sale
• Negative Sentiment: Several articles flag lingering risks — dependence on restaurant spending and competitive pressure — even as Toast posts profit; these caveats could temper longer‑term multiple expansion. Profit But Risks

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Needham & Company LLC cut their price target on Toast from $60.00 to $35.00 and set a "buy" rating for the company in a research note on Friday, February 13th. Morgan Stanley set a $51.00 target price on shares of Toast in a research note on Friday, February 13th. BMO Capital Markets started coverage on shares of Toast in a research note on Tuesday. They issued an "outperform" rating and a $35.00 price objective for the company. Loop Capital initiated coverage on shares of Toast in a research note on Tuesday, March 31st. They issued a "hold" rating and a $26.00 target price on the stock. Finally, Truist Financial set a $36.00 price objective on Toast in a research report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $39.48.

Toast Stock Up 4.0%

Toast stock opened at $29.03 on Friday. The stock has a 50-day moving average price of $27.55 and a 200 day moving average price of $32.20. Toast, Inc. has a 52 week low of $24.35 and a 52 week high of $49.66. The company has a market capitalization of $15.21 billion, a price-to-earnings ratio of 53.75 and a beta of 1.90.

Toast (NYSE:TOST - Get Free Report) last posted its earnings results on Thursday, February 12th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.08). Toast had a net margin of 5.56% and a return on equity of 18.14%. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same quarter in the prior year, the firm earned $0.05 earnings per share. The company's revenue for the quarter was up 22.0% on a year-over-year basis. Research analysts anticipate that Toast, Inc. will post 0.81 EPS for the current fiscal year.

Toast announced that its board has initiated a share buyback program on Thursday, February 12th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its shares are undervalued.

Insider Buying and Selling

In other Toast news, CEO Aman Narang sold 13,463 shares of the company's stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $26.19, for a total value of $352,595.97. Following the completion of the transaction, the chief executive officer owned 54,013 shares in the company, valued at approximately $1,414,600.47. This represents a 19.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Elena Gomez sold 8,929 shares of the company's stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $26.19, for a total value of $233,850.51. Following the completion of the transaction, the chief financial officer directly owned 173,064 shares of the company's stock, valued at $4,532,546.16. The trade was a 4.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 46,030 shares of company stock valued at $1,231,451 in the last ninety days. Company insiders own 12.14% of the company's stock.

About Toast

Toast, Inc NYSE: TOST is a technology company that builds a cloud-based platform for restaurants and other foodservice businesses. Headquartered in Boston, Massachusetts, Toast offers integrated point-of-sale (POS) systems and a suite of software and hardware designed to streamline front-of-house and back-of-house operations. The company went public in 2021 and has positioned itself as a vertically integrated provider for the restaurant industry.

Toast's product portfolio includes touchscreen POS terminals and handheld order-and-pay devices, kitchen display systems, and peripherals tailored for high-volume foodservice environments.

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