Toast, Inc. (NYSE:TOST) Shares Sold by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC decreased its holdings in Toast, Inc. (NYSE:TOST - Free Report) by 6.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,101,590 shares of the company's stock after selling 70,011 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned approximately 0.23% of Toast worth $40,153,000 at the end of the most recent quarter.

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

Toast Price Performance

Shares of TOST traded up $0.17 during midday trading on Friday, reaching $36.12. 6,738,262 shares of the stock were exchanged, compared to its average volume of 6,823,823. The business's 50-day moving average price is $34.85 and its 200 day moving average price is $36.31. The company has a market capitalization of $17.84 billion, a price-to-earnings ratio of -3,608.39, a PEG ratio of 2.16 and a beta of 2.00. Toast, Inc. has a twelve month low of $21.32 and a twelve month high of $44.12.

Toast (NYSE:TOST - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.05 earnings per share 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 firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.32 billion. As a group, equities research analysts expect that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Transactions at Toast

In other Toast news, CRO Jonathan Vassil sold 1,006 shares of the business's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total value of $39,867.78. Following the transaction, the executive now directly owns 48,488 shares of the company's stock, valued at approximately $1,921,579.44. The trade was a 2.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Brian R. Elworthy sold 653 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total transaction of $25,878.39. Following the transaction, the general counsel now owns 209,206 shares in the company, valued at approximately $8,290,833.78. This trade represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 340,770 shares of company stock worth $11,803,911. Company insiders own 13.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TOST. 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 note on Wednesday. UBS Group increased their price target on Toast from $41.00 to $47.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. Robert W. Baird boosted their price objective on shares of Toast from $38.00 to $40.00 and gave the company a "neutral" rating in a report on Thursday, February 20th. Morgan Stanley dropped their price target on shares of Toast from $50.00 to $46.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, Wells Fargo & Company upgraded shares of Toast from an "underweight" rating to an "overweight" rating and upped their price objective for the stock from $30.00 to $39.00 in a report on Thursday, April 10th. Thirteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $40.26.

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.