Lewis Asset Management LLC Sells 4,017 Shares of Toast, Inc. (NYSE:TOST)

Lewis Asset Management LLC lowered its holdings in shares of Toast, Inc. (NYSE:TOST) by 9.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,662 shares of the company’s stock after selling 4,017 shares during the quarter. Toast comprises about 1.0% of Lewis Asset Management LLC’s investment portfolio, making the stock its 21st biggest position. Lewis Asset Management LLC’s holdings in Toast were worth $1,336,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of TOST. Mirador Capital Partners LP raised its holdings in 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 acquiring an additional 360 shares during the period. Blue Trust Inc. raised its holdings in Toast by 120.4% in the 4th quarter. Blue Trust Inc. now owns 692 shares of the company’s stock worth $25,000 after acquiring an additional 378 shares during the period. D.A. Davidson & CO. raised its holdings in Toast by 1.9% in the 3rd quarter. D.A. Davidson & CO. now owns 22,100 shares of the company’s stock worth $626,000 after acquiring an additional 409 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Toast by 1.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 35,968 shares of the company’s stock worth $927,000 after acquiring an additional 421 shares during the period. Finally, Private Advisor Group LLC raised its holdings in Toast by 1.6% in the 3rd quarter. Private Advisor Group LLC now owns 28,151 shares of the company’s stock worth $797,000 after acquiring an additional 441 shares during the period. Institutional investors own 82.91% of the company’s stock.

Insider Buying and Selling

In other Toast news, Director David Yuan sold 189,785 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $43.01, for a total value of $8,162,652.85. Following the completion of the sale, the director now owns 198,829 shares of the company’s stock, valued at approximately $8,551,635.29. This represents a 48.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard Kent Bennett sold 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $36.67, for a total transaction of $3,667,000.00. Following the completion of the sale, the director now directly owns 418,591 shares of the company’s stock, valued at $15,349,731.97. The trade was a 19.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 562,600 shares of company stock valued at $21,823,932 over the last ninety days. Insiders own 13.32% of the company’s stock.

Toast Stock Up 0.2 %

Shares of NYSE TOST opened at $40.03 on Thursday. Toast, Inc. has a 1-year low of $17.65 and a 1-year high of $44.12. The company has a 50-day moving average of $38.71 and a two-hundred day moving average of $31.77.

Toast (NYSE:TOST) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. Toast had a negative net margin of 1.05% and a negative return on equity of 3.84%. During the same period in the previous year, the firm posted ($0.09) earnings per share. As a group, sell-side analysts forecast that Toast, Inc. will post 0.03 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on TOST shares. Morgan Stanley boosted their price objective on shares of Toast from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Keefe, Bruyette & Woods boosted their price objective on shares of Toast from $29.00 to $40.00 and gave the stock a “market perform” rating in a report on Monday, December 9th. BNP Paribas downgraded shares of Toast from an “outperform” rating to a “neutral” rating and set a $37.00 price objective on the stock. in a report on Wednesday, November 20th. Piper Sandler boosted their price objective on shares of Toast from $25.00 to $35.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Finally, Robert W. Baird lifted their target price on shares of Toast from $30.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $35.74.

Toast 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.