Flight Deck Capital LP Has $2.95 Million Stock Holdings in Toast, Inc. (NYSE:TOST)

Flight Deck Capital LP decreased its holdings in shares of Toast, Inc. (NYSE:TOST - Free Report) by 28.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,862 shares of the company's stock after selling 31,512 shares during the quarter. Toast accounts for approximately 3.3% of Flight Deck Capital LP's holdings, making the stock its 12th biggest position. Flight Deck Capital LP's holdings in Toast were worth $2,947,000 at the end of the most recent quarter.

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

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 shares were sold at an average price of $33.01, for a total transaction of $1,129,668.22. Following the sale, the director now directly owns 13,260 shares in the company, valued at approximately $437,712.60. The trade was a 72.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher P. Comparato sold 70,000 shares of the stock in a transaction dated Thursday, April 17th. The stock was sold at an average price of $34.21, for a total transaction of $2,394,700.00. Following the completion of the transaction, the director now directly owns 179,316 shares of the company's stock, valued at $6,134,400.36. This trade represents a 28.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 335,991 shares of company stock valued at $11,614,520 in the last quarter. Corporate insiders own 13.32% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on TOST shares. Robert W. Baird boosted their price target on Toast from $38.00 to $40.00 and gave the company a "neutral" rating in a research note on Thursday, February 20th. BNP Paribas set a $37.00 target price on shares of Toast and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. Royal Bank of Canada increased their price target on shares of Toast from $40.00 to $45.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 20th. Piper Sandler lifted their price objective on shares of Toast from $35.00 to $37.00 and gave the company a "neutral" rating in a research note on Friday. Finally, Wolfe Research raised shares of Toast from a "peer perform" rating to an "outperform" rating and set a $44.00 target price on the stock in a research report on Wednesday, April 23rd. Thirteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $40.91.

Toast Trading Up 11.5 %

Shares of TOST stock opened at $40.85 on Friday. The firm has a market capitalization of $20.32 billion, a P/E ratio of -4,080.92, a price-to-earnings-growth ratio of 2.16 and a beta of 1.98. Toast, Inc. has a 1 year low of $21.32 and a 1 year high of $44.12. The firm's fifty day simple moving average is $34.56 and its 200 day simple moving average is $36.81.

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

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