Annis Gardner Whiting Capital Advisors LLC Takes Position in Toast, Inc. (NYSE:TOST)

Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Toast, Inc. (NYSE:TOSTFree Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,000 shares of the company’s stock, valued at approximately $37,000.

Other hedge funds also recently modified their holdings of the company. Raymond James & Associates lifted its holdings in Toast by 115.4% in the first quarter. Raymond James & Associates now owns 24,946 shares of the company’s stock valued at $542,000 after buying an additional 13,364 shares during the period. HighTower Advisors LLC lifted its stake in shares of Toast by 78.2% in the 1st quarter. HighTower Advisors LLC now owns 28,356 shares of the company’s stock valued at $616,000 after purchasing an additional 12,446 shares during the period. Citigroup Inc. bought a new position in shares of Toast in the 1st quarter worth $438,000. Ergoteles LLC bought a new position in shares of Toast in the 1st quarter worth $2,427,000. Finally, First Trust Advisors LP acquired a new stake in shares of Toast during the first quarter worth $33,356,000. Institutional investors own 60.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. The Goldman Sachs Group upgraded Toast from a “neutral” rating to a “buy” rating and raised their target price for the stock from $16.00 to $24.00 in a report on Wednesday, January 10th. Morgan Stanley reduced their price objective on shares of Toast from $28.00 to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 8th. Piper Sandler cut shares of Toast from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $27.00 to $17.00 in a report on Wednesday, November 8th. Bank of America lowered shares of Toast from a “buy” rating to a “neutral” rating and cut their target price for the stock from $22.00 to $16.00 in a report on Wednesday, December 6th. Finally, Needham & Company LLC decreased their price target on shares of Toast from $31.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $21.15.

View Our Latest Stock Report on Toast

Insider Transactions at Toast

In other news, major shareholder Bessemer Venture Partners Ix L sold 390,856 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $17.07, for a total value of $6,671,911.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, major shareholder Bessemer Venture Partners Ix L sold 390,856 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $17.07, for a total transaction of $6,671,911.92. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider James Michael Matlock sold 4,151 shares of Toast stock in a transaction dated Monday, February 5th. The stock was 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 disclosure for this sale can be found here. Insiders sold a total of 707,513 shares of company stock worth $12,292,808 in the last three months. Insiders own 13.70% of the company’s stock.

Toast Stock Performance

NYSE TOST opened at $19.29 on Friday. Toast, Inc. has a 52 week low of $13.77 and a 52 week high of $27.00. The stock’s 50 day moving average price is $17.58 and its two-hundred day moving average price is $18.34.

Toast (NYSE:TOSTGet Free Report) last announced its earnings results on Tuesday, November 7th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.02. Toast had a negative net margin of 8.59% and a negative return on equity of 27.94%. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the prior year, the company posted ($0.19) earnings per share. The firm’s revenue was up 37.2% on a year-over-year basis. Analysts anticipate that Toast, Inc. will post -0.51 earnings per share for the current year.

Toast Company Profile

(Free Report)

Toast, Inc operates a cloud-based digital technology platform for the restaurant industry in the United States and Ireland. The company offers Toast POS, a software module that integrates payment processing with point of sale functionality; Toast Invoicing that allows restaurants to send invoices and collect payment; Toast Mobile Order & Pay, which allows guests to scan a QR code to browse the menu, order, and pay from mobile; Kitchen Display System software that connects the house with the kitchen staff; and Multi-Location Management, a tool to manage operations and configure menus across multiple locations and channels.

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Institutional Ownership by Quarter for Toast (NYSE:TOST)

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