Choreo LLC Purchases New Position in Toast, Inc. (NYSE:TOST)

Choreo LLC acquired a new position in shares of Toast, Inc. (NYSE:TOST - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 55,590 shares of the company's stock, valued at approximately $1,015,000.

Other large investors also recently added to or reduced their stakes in the company. Terril Brothers Inc. boosted its position in shares of Toast by 60.0% during the fourth quarter. Terril Brothers Inc. now owns 148,875 shares of the company's stock valued at $2,718,000 after buying an additional 55,800 shares during the period. Motley Fool Asset Management LLC purchased a new stake in shares of Toast in the fourth quarter valued at approximately $2,483,000. Wisconsin Capital Management LLC boosted its holdings in shares of Toast by 45.7% in the fourth quarter. Wisconsin Capital Management LLC now owns 170,077 shares of the company's stock valued at $3,106,000 after purchasing an additional 53,375 shares during the period. State of New Jersey Common Pension Fund D boosted its holdings in shares of Toast by 6.4% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 199,223 shares of the company's stock valued at $3,638,000 after purchasing an additional 11,929 shares during the period. Finally, Stevens Capital Management LP purchased a new stake in shares of Toast in the fourth quarter valued at approximately $207,000. 82.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on TOST shares. 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 research note on Wednesday, February 7th. Keefe, Bruyette & Woods started coverage on shares of Toast in a research note on Tuesday, April 9th. They issued a "market perform" rating and a $25.00 price objective for the company. The Goldman Sachs Group boosted their price objective on shares of Toast from $26.00 to $29.00 and gave the stock a "buy" rating in a research note on Monday, April 15th. Mizuho reissued a "neutral" rating and issued a $17.00 price objective on shares of Toast in a research note on Wednesday, March 27th. Finally, Wells Fargo & Company boosted their price objective on shares of Toast from $15.00 to $17.00 and gave the stock an "underweight" rating in a research note on Friday, April 12th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, Toast currently has an average rating of "Hold" and an average price target of $24.32.

Insider Buying and Selling at Toast

In other Toast news, President Stephen Fredette sold 2,272 shares of the company's stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $23.40, for a total value of $53,164.80. Following the sale, the president now directly owns 2,835,759 shares of the company's stock, valued at $66,356,760.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider James Michael Matlock sold 4,151 shares of the stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $18.20, for a total transaction of $75,548.20. Following the sale, the insider now directly owns 39,733 shares of the company's stock, valued at approximately $723,140.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Stephen Fredette sold 2,272 shares of the stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $23.40, for a total transaction of $53,164.80. Following the sale, the president now directly owns 2,835,759 shares in the company, valued at $66,356,760.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 414,486 shares of company stock valued at $8,662,487. 13.70% of the stock is owned by insiders.

Toast Stock Performance

Shares of NYSE TOST traded down $0.63 during mid-day trading on Wednesday, hitting $23.00. The stock had a trading volume of 6,972,570 shares, compared to its average volume of 7,996,349. The company has a 50 day moving average of $23.42 and a two-hundred day moving average of $19.33. Toast, Inc. has a twelve month low of $13.77 and a twelve month high of $27.00. The firm has a market cap of $10.38 billion, a PE ratio of -44.69 and a beta of 1.79.

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