Motley Fool Wealth Management LLC Reduces Stake in Toast, Inc. (NYSE:TOST)

Motley Fool Wealth Management LLC reduced its stake in shares of Toast, Inc. (NYSE:TOST) by 3.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 467,951 shares of the company’s stock after selling 16,098 shares during the quarter. Toast comprises about 0.9% of Motley Fool Wealth Management LLC’s investment portfolio, making the stock its 29th biggest position. Motley Fool Wealth Management LLC owned 0.10% of Toast worth $17,043,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Blue Trust Inc. raised its holdings 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 buying an additional 378 shares during the period. Piscataqua Savings Bank bought a new position in Toast during the 4th quarter valued at about $26,000. Stonebridge Financial Group LLC purchased a new stake in Toast in the 4th quarter worth about $34,000. SBI Securities Co. Ltd. bought a new stake in Toast in the fourth quarter worth about $35,000. Finally, Wingate Wealth Advisors Inc. purchased a new position in shares of Toast during the fourth quarter valued at approximately $40,000. 82.91% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Elena Gomez sold 2,052 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 transaction of $81,320.76. Following the completion of the transaction, the chief financial officer now directly owns 160,498 shares in the company, valued at $6,360,535.74. The trade was a 1.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Brian R. Elworthy sold 653 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total value of $25,878.39. Following the sale, the general counsel now directly owns 209,206 shares in the company, valued at $8,290,833.78. This represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 270,770 shares of company stock valued at $9,409,211. 13.32% of the stock is owned by company insiders.

Toast Stock Performance

Shares of TOST stock opened at $36.38 on Wednesday. Toast, Inc. has a fifty-two week low of $21.32 and a fifty-two week high of $44.12. The firm has a market capitalization of $17.97 billion, a price-to-earnings ratio of -3,634.37, a PEG ratio of 2.16 and a beta of 1.99. The stock’s 50-day simple moving average is $37.84 and its 200-day simple moving average is $35.23.

Toast (NYSE:TOST) last released its earnings results 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). The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations 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 forecast that Toast, Inc. will post 0.39 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on TOST. Keefe, Bruyette & Woods upped their price target on shares of Toast from $40.00 to $42.00 and gave the stock a “market perform” rating in a report on Thursday, February 20th. Robert W. Baird raised their target price on shares of Toast from $38.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. Canaccord Genuity Group lifted their price target 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. Wells Fargo & Company increased their price objective on Toast from $25.00 to $30.00 and gave the stock an “underweight” rating in a research note on Thursday, January 16th. Finally, Oppenheimer began coverage on Toast in a research report on Friday, January 24th. They set an “outperform” rating and a $46.00 target price for the company. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $40.48.

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.