SG Americas Securities LLC Has $345,000 Position in Toast, Inc. (NYSE:TOST)

SG Americas Securities LLC decreased its position in Toast, Inc. (NYSE:TOST - Free Report) by 82.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,907 shares of the company's stock after selling 89,988 shares during the period. SG Americas Securities LLC's holdings in Toast were worth $345,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Sei Investments Co. lifted its holdings in Toast by 105.0% during the third quarter. Sei Investments Co. now owns 691,018 shares of the company's stock worth $12,943,000 after buying an additional 353,903 shares during the period. Vanguard Group Inc. lifted its holdings in Toast by 11.1% during the third quarter. Vanguard Group Inc. now owns 35,079,123 shares of the company's stock worth $657,032,000 after buying an additional 3,494,579 shares during the period. Riverbridge Partners LLC purchased a new stake in Toast during the third quarter worth $24,647,000. Hudson Bay Capital Management LP purchased a new stake in Toast during the third quarter worth $936,000. Finally, Glynn Capital Management LLC lifted its holdings in Toast by 3.4% during the third quarter. Glynn Capital Management LLC now owns 1,074,474 shares of the company's stock worth $20,125,000 after buying an additional 34,998 shares during the period. Hedge funds and other institutional investors own 82.91% of the company's stock.

Wall Street Analyst Weigh In

TOST has been the topic of a number of recent analyst reports. Mizuho reaffirmed a "neutral" rating and set a $17.00 price target on shares of Toast in a research report on Wednesday, March 27th. Redburn Atlantic raised Toast from a "neutral" rating to a "buy" rating and set a $28.00 price target on the stock in a research report on Wednesday, February 7th. Piper Sandler upped their price target on Toast from $18.00 to $20.00 and gave the stock a "neutral" rating in a research report on Friday, February 16th. Wells Fargo & Company upped their price target on Toast from $12.00 to $15.00 and gave the stock an "underweight" rating in a research report on Friday, February 16th. Finally, The Goldman Sachs Group raised Toast from a "neutral" rating to a "buy" rating and upped their price target for the stock from $16.00 to $24.00 in a research report on Wednesday, January 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $23.33.

Toast Stock Up 0.2 %

Shares of TOST stock traded up $0.05 during mid-day trading on Monday, hitting $23.17. 4,874,597 shares of the stock were exchanged, compared to its average volume of 8,624,232. The firm has a fifty day moving average of $22.30 and a 200 day moving average of $18.76. Toast, Inc. has a 52-week low of $13.77 and a 52-week high of $27.00. The company has a market cap of $10.13 billion, a PE ratio of -45.43 and a beta of 1.79.

Toast (NYSE:TOST - Get Free Report) last posted its earnings results on Thursday, February 15th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.04. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. Toast had a negative net margin of 6.36% and a negative return on equity of 21.77%. The company's revenue for the quarter was up 34.7% on a year-over-year basis. During the same period in the prior year, the company posted ($0.19) EPS. Equities analysts predict that Toast, Inc. will post -0.22 EPS for the current year.

Insider Activity at Toast

In related news, General Counsel Brian R. Elworthy sold 224,900 shares of the firm's stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $18.37, for a total value of $4,131,413.00. Following the transaction, the general counsel now directly owns 160,340 shares of the company's stock, valued at approximately $2,945,445.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Toast news, General Counsel Brian R. Elworthy sold 224,900 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $18.37, for a total value of $4,131,413.00. Following the completion of the sale, the general counsel now owns 160,340 shares in the company, valued at approximately $2,945,445.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Stephen Fredette sold 2,272 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $23.40, for a total transaction of $53,164.80. Following the completion of the sale, the president now owns 2,835,759 shares of the company's stock, valued at approximately $66,356,760.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 364,847 shares of company stock valued at $7,519,492. 13.70% of the stock is owned by corporate insiders.

About Toast

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.