Greenhouse Funds LLLP Has $66.89 Million Stock Position in Toast, Inc. (NYSE:TOST)

Greenhouse Funds LLLP reduced its stake in shares of Toast, Inc. (NYSE:TOST - Free Report) by 32.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,835,098 shares of the company's stock after selling 872,099 shares during the period. Toast comprises approximately 2.8% of Greenhouse Funds LLLP's holdings, making the stock its 20th biggest position. Greenhouse Funds LLLP owned 0.39% of Toast worth $66,889,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Toast by 0.8% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 38,632 shares of the company's stock worth $1,408,000 after acquiring an additional 301 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Toast by 11.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,435 shares of the company's stock worth $125,000 after purchasing an additional 358 shares during the last quarter. Mirador Capital Partners LP lifted its holdings in shares of Toast by 0.9% in the 4th quarter. Mirador Capital Partners LP now owns 41,938 shares of the company's stock worth $1,529,000 after purchasing an additional 360 shares during the last quarter. Blue Trust Inc. boosted its position in 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 purchasing an additional 378 shares during the period. Finally, Farther Finance Advisors LLC increased its position in Toast by 19.8% in the fourth quarter. Farther Finance Advisors LLC now owns 2,435 shares of the company's stock worth $89,000 after buying an additional 402 shares during the period. Institutional investors own 82.91% of the company's stock.

Toast Price Performance

NYSE TOST traded up $0.17 on Friday, hitting $36.12. 6,738,262 shares of the company were exchanged, compared to its average volume of 6,825,531. Toast, Inc. has a twelve month low of $21.32 and a twelve month high of $44.12. The company's 50 day moving average price is $34.85 and its 200-day moving average price is $36.36. The firm has a market capitalization of $17.84 billion, a P/E ratio of -3,608.39, a price-to-earnings-growth ratio of 2.16 and a beta of 2.00.

Toast (NYSE:TOST - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.32 billion. Toast had a return on equity of 1.54% and a net margin of 0.40%. As a group, equities analysts expect that Toast, Inc. will post 0.39 EPS for the current year.

Insider Activity

In other Toast news, Director Christopher P. Comparato sold 70,000 shares of Toast stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $35.71, for a total transaction of $2,499,700.00. Following the completion of the sale, the director now owns 164,796 shares of the company's stock, valued at $5,884,865.16. This trade represents a 29.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Stephen Fredette sold 1,068 shares of the company's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total transaction of $42,324.84. Following the completion of the transaction, the president now directly owns 1,644,656 shares in the company, valued at $65,177,717.28. This trade represents a 0.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 340,770 shares of company stock worth $11,803,911. 13.32% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

TOST has been the subject of several analyst reports. Robert W. Baird boosted their price target on shares of Toast from $38.00 to $40.00 and gave the company a "neutral" rating in a report on Thursday, February 20th. Canaccord Genuity Group boosted their target price on shares of Toast from $43.00 to $48.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. BNP Paribas set a $37.00 price target on shares of Toast and gave the company a "neutral" rating in a research note on Wednesday, February 19th. UBS Group boosted their price objective on Toast from $41.00 to $47.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Finally, Royal Bank of Canada raised their target price on Toast from $40.00 to $45.00 and gave the company a "sector perform" rating in a research report on Thursday, February 20th. Thirteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $40.26.

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.