Sone Capital Management LLC Buys Shares of 66,272 Toast, Inc. (NYSE:TOST)

Sone Capital Management LLC acquired a new position in shares of Toast, Inc. (NYSE:TOST - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 66,272 shares of the company's stock, valued at approximately $2,416,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TOST. Blue Trust Inc. raised its holdings in shares of Toast by 120.4% in the fourth quarter. Blue Trust Inc. now owns 692 shares of the company's stock worth $25,000 after acquiring an additional 378 shares during the last quarter. Piscataqua Savings Bank acquired a new position in Toast in the 4th quarter valued at about $26,000. Stonebridge Financial Group LLC purchased a new position in Toast in the 4th quarter valued at about $34,000. SBI Securities Co. Ltd. acquired a new stake in shares of Toast during the 4th quarter worth about $35,000. Finally, Wingate Wealth Advisors Inc. acquired a new stake in shares of Toast during the 4th quarter worth about $40,000. Hedge funds and other institutional investors own 82.91% of the company's stock.

Insider Transactions at Toast

In other news, Director Paul D. Bell sold 11,000 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $45.13, for a total value of $496,430.00. Following the completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Deval L. Patrick sold 34,222 shares of Toast stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $33.01, for a total transaction of $1,129,668.22. Following the completion of the transaction, the director now directly owns 13,260 shares of the company's stock, valued at approximately $437,712.60. This represents a 72.07% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 416,991 shares of company stock valued at $15,242,750. Insiders own 13.32% of the company's stock.

Wall Street Analyst Weigh In

TOST has been the topic of several recent analyst reports. BNP Paribas set a $37.00 price objective on shares of Toast and gave the company a "neutral" rating in a research note on Wednesday, February 19th. Piper Sandler lifted their price objective on Toast from $35.00 to $37.00 and gave the company a "neutral" rating in a research report on Friday, May 9th. UBS Group raised their price target on Toast from $41.00 to $47.00 and gave the stock a "buy" rating in a research note on Thursday, February 20th. Keefe, Bruyette & Woods upped their price objective on shares of Toast from $40.00 to $42.00 and gave the company a "market perform" rating in a research note on Thursday, February 20th. Finally, BMO Capital Markets lifted their target price on Toast from $44.00 to $45.00 and gave the company an "outperform" rating in a report on Monday, May 12th. Twelve research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $40.91.

Toast Stock Down 0.5%

Shares of Toast stock traded down $0.20 on Thursday, hitting $42.64. 7,404,120 shares of the company's stock traded hands, compared to its average volume of 6,861,750. Toast, Inc. has a 52-week low of $21.32 and a 52-week high of $45.56. The stock has a market cap of $21.23 billion, a P/E ratio of -4,259.34, a PEG ratio of 2.16 and a beta of 1.98. The firm's 50-day moving average is $36.31 and its 200 day moving average is $37.67.

Toast (NYSE:TOST - Get Free Report) last posted its quarterly 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). Toast had a net margin of 0.40% and a return on equity of 1.54%. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.32 billion. Equities research analysts forecast that Toast, Inc. will post 0.39 EPS for the current 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.