Toast, Inc. (NYSE:TOST) Shares Sold by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. reduced its position in shares of Toast, Inc. (NYSE:TOST) by 6.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,300 shares of the company’s stock after selling 4,000 shares during the period. Great Valley Advisor Group Inc.’s holdings in Toast were worth $992,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of TOST. Baystate Wealth Management LLC acquired a new stake in shares of Toast during the 3rd quarter worth about $29,000. BluePath Capital Management LLC acquired a new stake in shares of Toast during the 3rd quarter worth about $30,000. SRS Capital Advisors Inc. acquired a new stake in shares of Toast during the 3rd quarter worth about $33,000. Larson Financial Group LLC lifted its holdings in shares of Toast by 8,181.8% during the 3rd quarter. Larson Financial Group LLC now owns 1,822 shares of the company’s stock worth $34,000 after acquiring an additional 1,800 shares during the period. Finally, Spire Wealth Management lifted its holdings in shares of Toast by 481.6% during the 3rd quarter. Spire Wealth Management now owns 1,838 shares of the company’s stock worth $34,000 after acquiring an additional 1,522 shares during the period. 82.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TOST shares. Evercore ISI started coverage on shares of Toast in a report on Monday, March 4th. They set an “outperform” rating and a $32.00 price objective on the stock. Robert W. Baird increased their price objective on shares of Toast from $24.00 to $28.00 and gave the stock an “outperform” rating in a report on Monday, April 15th. Wells Fargo & Company increased their price objective on shares of Toast from $15.00 to $17.00 and gave the stock an “underweight” rating in a report on Friday, April 12th. Mizuho reiterated a “neutral” rating and set a $17.00 price objective on shares of Toast in a report on Wednesday, March 27th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $23.00 price objective on shares of Toast in a report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $24.32.

Toast Stock Down 2.8 %

Shares of NYSE:TOST opened at $22.73 on Friday. Toast, Inc. has a 52-week low of $13.77 and a 52-week high of $27.00. The company has a 50 day moving average of $23.55 and a two-hundred day moving average of $19.42.

Toast (NYSE:TOST) last issued its quarterly earnings data on Thursday, February 15th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the company earned ($0.19) earnings per share. Toast’s revenue for the quarter was up 34.7% on a year-over-year basis. Research analysts anticipate that Toast, Inc. will post -0.22 EPS for the current fiscal year.

Insider Transactions at Toast

In other news, President Stephen Fredette sold 2,272 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 $53,164.80. Following the completion of the sale, the president now owns 2,835,759 shares of the company’s stock, valued at $66,356,760.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CRO Jonathan Vassil sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $25.24, for a total transaction of $2,524,000.00. Following the completion of the sale, the executive now owns 22,956 shares of the company’s stock, valued at $579,409.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Stephen Fredette sold 2,272 shares of Toast stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $23.40, for a total transaction of $53,164.80. Following the completion of the transaction, the president now directly owns 2,835,759 shares of the company’s stock, valued at approximately $66,356,760.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 180,510 shares of company stock valued at $4,361,171. 13.70% of the stock is currently owned by corporate insiders.

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.