Terril Brothers Inc. Raises Stock Position in Toast, Inc. (NYSE:TOST)

Terril Brothers Inc. boosted its holdings in shares of Toast, Inc. (NYSE:TOST - Free Report) by 60.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 148,875 shares of the company's stock after acquiring an additional 55,800 shares during the period. Toast accounts for about 1.0% of Terril Brothers Inc.'s investment portfolio, making the stock its 26th largest holding. Terril Brothers Inc.'s holdings in Toast were worth $2,718,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Sei Investments Co. lifted its position in Toast by 105.0% during the 3rd quarter. Sei Investments Co. now owns 691,018 shares of the company's stock valued at $12,943,000 after acquiring an additional 353,903 shares during the period. Vanguard Group Inc. lifted its stake in shares of Toast by 11.1% in 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 in the last quarter. ARK Investment Management LLC lifted its stake in shares of Toast by 101.5% in the fourth quarter. ARK Investment Management LLC now owns 2,345,520 shares of the company's stock worth $42,829,000 after buying an additional 1,181,409 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of Toast by 1,542.9% in the fourth quarter. International Assets Investment Management LLC now owns 57,336 shares of the company's stock worth $1,047,000 after buying an additional 53,846 shares in the last quarter. Finally, Hudson Bay Capital Management LP bought a new position in shares of Toast in the third quarter worth approximately $936,000. 82.91% of the stock is owned by hedge funds and other institutional investors.

Toast Trading Up 3.4 %

Shares of NYSE:TOST traded up $0.79 during midday trading on Friday, reaching $23.91. 6,398,473 shares of the company were exchanged, compared to its average volume of 5,333,267. The business's fifty day moving average is $23.36 and its two-hundred day moving average is $19.24. Toast, Inc. has a one year low of $13.77 and a one year high of $27.00. The stock has a market cap of $10.79 billion, a PE ratio of -46.88 and a beta of 1.79.

Toast (NYSE:TOST - Get Free Report) last released its quarterly earnings data on Thursday, February 15th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.04. Toast had a negative net margin of 6.36% and a negative return on equity of 21.77%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the business earned ($0.19) earnings per share. Toast's quarterly revenue was up 34.7% compared to the same quarter last year. As a group, sell-side analysts expect that Toast, Inc. will post -0.22 EPS for the current year.

Analyst Ratings Changes

TOST has been the topic of several analyst reports. BNP Paribas upgraded shares of Toast from a "neutral" rating to an "outperform" rating and set a $30.00 target price on the stock in a research note on Thursday, March 7th. Piper Sandler boosted their price objective on shares of Toast from $18.00 to $20.00 and gave the company a "neutral" rating in a report on Friday, February 16th. Wells Fargo & Company boosted their price objective on shares of Toast from $15.00 to $17.00 and gave the company an "underweight" rating in a report on Friday, April 12th. Mizuho reissued a "neutral" rating and set a $17.00 price objective on shares of Toast in a report on Wednesday, March 27th. Finally, Redburn Atlantic raised shares of Toast from a "neutral" rating to a "buy" rating and set a $28.00 price objective for the company in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $24.32.

Insider Activity

In other news, General Counsel Brian R. Elworthy sold 224,900 shares of the stock in a transaction on 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 sale, the general counsel now owns 160,340 shares of the company's stock, valued at $2,945,445.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 owns 160,340 shares of the company's stock, valued at approximately $2,945,445.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider James Michael Matlock sold 1,205 shares of the firm's stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $23.40, for a total transaction of $28,197.00. Following the completion of the transaction, the insider now directly owns 40,954 shares in the company, valued at approximately $958,323.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 414,486 shares of company stock valued at $8,662,487. 13.70% of the stock is currently owned by company 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.