Toast, Inc. (NYSE:TOST) Shares Acquired by Triumph Capital Management

Triumph Capital Management raised its holdings in shares of Toast, Inc. (NYSE:TOST) by 21.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,655 shares of the company’s stock after purchasing an additional 2,980 shares during the period. Triumph Capital Management’s holdings in Toast were worth $304,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Choreo LLC acquired a new position in shares of Toast during the fourth quarter worth $1,015,000. Terril Brothers Inc. increased its position in shares of Toast by 60.0% during the fourth quarter. Terril Brothers Inc. now owns 148,875 shares of the company’s stock worth $2,718,000 after purchasing an additional 55,800 shares in the last quarter. Motley Fool Asset Management LLC acquired a new position in shares of Toast during the fourth quarter worth $2,483,000. Wisconsin Capital Management LLC increased its position in shares of Toast by 45.7% during the fourth quarter. Wisconsin Capital Management LLC now owns 170,077 shares of the company’s stock worth $3,106,000 after purchasing an additional 53,375 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its position in shares of Toast by 6.4% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 199,223 shares of the company’s stock valued at $3,638,000 after acquiring an additional 11,929 shares during the period. 82.91% of the stock is owned by institutional investors and hedge funds.

Toast Price Performance

TOST stock opened at $23.00 on Thursday. The company’s 50-day simple moving average is $23.47 and its 200-day simple moving average is $19.36. Toast, Inc. has a 52-week low of $13.77 and a 52-week high of $27.00.

Toast (NYSE:TOST) last posted its earnings results on Thursday, February 15th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.04. Toast had a negative net margin of 6.36% and a negative return on equity of 21.77%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the company posted ($0.19) EPS. The company’s revenue for the quarter was up 34.7% on a year-over-year basis. On average, sell-side analysts forecast that Toast, Inc. will post -0.22 EPS for the current year.

Insider Transactions at Toast

In related news, CRO Jonathan Vassil sold 50,000 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $22.90, for a total value of $1,145,000.00. Following the transaction, the executive now directly owns 25,422 shares of the company’s stock, valued at approximately $582,163.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Aman Narang sold 2,471 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $23.40, for a total transaction of $57,821.40. Following the completion of the sale, the chief executive officer now owns 1,114,454 shares in the company, valued at approximately $26,078,223.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Jonathan Vassil sold 50,000 shares of Toast stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $22.90, for a total transaction of $1,145,000.00. Following the completion of the sale, the executive now owns 25,422 shares of the company’s stock, valued at approximately $582,163.80. The disclosure for this sale can be found here. Insiders have sold a total of 189,586 shares of company stock valued at $4,531,074 in the last ninety days. 13.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

TOST has been the topic of several research reports. Keefe, Bruyette & Woods initiated coverage on Toast in a research report on Tuesday, April 9th. They issued a “market perform” rating and a $25.00 target price on the stock. Robert W. Baird upped their target price on Toast from $24.00 to $28.00 and gave the company an “outperform” rating in a research report on Monday, April 15th. Redburn Atlantic raised Toast from a “neutral” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Wednesday, February 7th. The Goldman Sachs Group upped their target price on Toast from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $23.00 target price on shares of Toast in a research report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Toast presently has a consensus rating of “Hold” and an average target price of $24.32.

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.