Integrated Advisors Network LLC Acquires Shares of 10,172 Toast, Inc. (NYSE:TOST)

Integrated Advisors Network LLC bought a new position in shares of Toast, Inc. (NYSE:TOST) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 10,172 shares of the company’s stock, valued at approximately $186,000.

A number of other large investors have also recently made changes to their positions in TOST. Chicago Partners Investment Group LLC grew its holdings in shares of Toast by 18.5% in the fourth quarter. Chicago Partners Investment Group LLC now owns 37,047 shares of the company’s stock worth $676,000 after purchasing an additional 5,787 shares during the last quarter. Eventide Asset Management LLC grew its holdings in shares of Toast by 24.7% in the fourth quarter. Eventide Asset Management LLC now owns 3,650,066 shares of the company’s stock worth $66,650,000 after purchasing an additional 723,992 shares during the last quarter. One Fin Capital Management LP bought a new position in shares of Toast in the fourth quarter worth about $2,374,000. Park West Asset Management LLC grew its holdings in shares of Toast by 49.5% in the fourth quarter. Park West Asset Management LLC now owns 741,141 shares of the company’s stock worth $13,533,000 after purchasing an additional 245,500 shares during the last quarter. Finally, Flight Deck Capital LP grew its holdings in shares of Toast by 21.1% in the fourth quarter. Flight Deck Capital LP now owns 543,774 shares of the company’s stock worth $9,929,000 after purchasing an additional 94,900 shares during the last quarter. 82.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TOST has been the topic of a number of research analyst reports. Wells Fargo & Company upped their price target on shares of Toast from $17.00 to $19.00 and gave the stock an “underweight” rating in a report on Wednesday, May 8th. Baird R W lowered shares of Toast from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 21st. Robert W. Baird lowered shares of Toast from an “outperform” rating to a “neutral” rating and set a $28.00 price objective for the company. in a research note on Tuesday, May 21st. Needham & Company LLC reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Toast in a research note on Thursday, May 30th. Finally, Royal Bank of Canada upped their price objective on shares of Toast from $23.00 to $27.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Toast presently has an average rating of “Hold” and a consensus target price of $26.14.

Insider Buying and Selling

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 sale, the president now owns 2,835,759 shares of the company’s stock, valued at approximately $66,356,760.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 sale, the president now owns 2,835,759 shares of the company’s stock, valued at approximately $66,356,760.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Aman Narang sold 2,471 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $23.40, for a total transaction of $57,821.40. Following the sale, the chief executive officer now directly owns 1,114,454 shares in the company, valued at approximately $26,078,223.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 142,223 shares of company stock worth $3,458,694. 13.32% of the stock is owned by company insiders.

Toast Trading Up 6.4 %

Shares of NYSE:TOST opened at $24.04 on Thursday. Toast, Inc. has a twelve month low of $13.77 and a twelve month high of $27.90. The company’s 50 day moving average is $24.12 and its 200 day moving average is $21.53. The company has a market cap of $10.89 billion, a PE ratio of -48.08 and a beta of 1.75.

Toast (NYSE:TOST) last issued its quarterly earnings results on Tuesday, May 7th. The company reported ($0.15) earnings per share for the quarter, hitting the consensus estimate of ($0.15). Toast had a negative net margin of 6.02% and a negative return on equity of 21.45%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the company earned ($0.16) EPS. Toast’s quarterly revenue was up 31.3% on a year-over-year basis. Equities research analysts predict that Toast, Inc. will post -0.14 earnings per share for the current fiscal year.

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.