U.S. Capital Wealth Advisors LLC Has $2.33 Million Stock Position in Toast, Inc. (NYSE:TOST)

U.S. Capital Wealth Advisors LLC lessened its position in shares of Toast, Inc. (NYSE:TOST) by 5.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,431 shares of the company’s stock after selling 5,000 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Toast were worth $2,330,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Raymond James & Associates lifted its stake in Toast by 16.6% in the fourth quarter. Raymond James & Associates now owns 202,006 shares of the company’s stock valued at $3,689,000 after buying an additional 28,743 shares during the period. Arizona State Retirement System boosted its stake in Toast by 7.1% in the 4th quarter. Arizona State Retirement System now owns 90,333 shares of the company’s stock worth $1,649,000 after purchasing an additional 6,006 shares during the period. Asset Management One Co. Ltd. grew its holdings in shares of Toast by 4.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 120,711 shares of the company’s stock worth $2,284,000 after buying an additional 4,593 shares in the last quarter. International Assets Investment Management LLC raised its holdings 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 valued at $1,047,000 after purchasing an additional 53,846 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its position in shares of Toast by 6.2% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 27,343 shares of the company’s stock worth $510,000 after purchasing an additional 1,608 shares in the last quarter. Institutional investors own 82.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TOST shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $27.00 price objective on shares of Toast in a report on Wednesday. Morgan Stanley increased their price objective on Toast from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday. Piper Sandler lifted their target price on Toast from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, May 9th. Needham & Company LLC restated a “buy” rating and issued a $30.00 price target on shares of Toast in a research note on Wednesday. Finally, Baird R W lowered shares of Toast from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 21st. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $27.85.

Toast Trading Up 1.0 %

Shares of TOST stock traded up $0.23 during trading hours on Friday, hitting $23.63. 5,097,553 shares of the company were exchanged, compared to its average volume of 7,924,947. The firm has a fifty day simple moving average of $24.74 and a 200 day simple moving average of $23.52. Toast, Inc. has a 52-week low of $13.77 and a 52-week high of $27.90.

Toast (NYSE:TOST) last released its earnings results on Tuesday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.04. Toast had a negative return on equity of 11.51% and a negative net margin of 3.10%. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the business posted ($0.19) earnings per share. The business’s revenue for the quarter was up 27.0% on a year-over-year basis. Sell-side analysts anticipate that Toast, Inc. will post -0.14 earnings per share for the current year.

Insider Transactions at Toast

In related news, Director Christopher P. Comparato sold 90,000 shares of Toast stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $26.54, for a total value of $2,388,600.00. Following the completion of the transaction, the director now directly owns 112,282 shares in the company, valued at approximately $2,979,964.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Christopher P. Comparato sold 90,000 shares of the company’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $26.54, for a total transaction of $2,388,600.00. Following the sale, the director now directly owns 112,282 shares in the company, valued at $2,979,964.28. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, President Stephen Fredette sold 1,127 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $24.00, for a total transaction of $27,048.00. Following the sale, the president now directly owns 2,849,709 shares in the company, valued at approximately $68,393,016. The disclosure for this sale can be found here. Insiders sold 368,352 shares of company stock worth $9,381,482 over the last quarter. Corporate insiders own 13.32% of the company’s stock.

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.