Toast, Inc. (NYSE:TOST) Holdings Decreased by Cwm LLC

Cwm LLC reduced its position in shares of Toast, Inc. (NYSE:TOST) by 45.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,921 shares of the company’s stock after selling 4,064 shares during the period. Cwm LLC’s holdings in Toast were worth $139,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TOST. Wealth Enhancement Advisory Services LLC lifted its position in shares of Toast by 21.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 46,362 shares of the company’s stock worth $1,155,000 after buying an additional 8,095 shares during the last quarter. Toth Financial Advisory Corp acquired a new position in Toast in the first quarter valued at approximately $305,000. WoodTrust Financial Corp acquired a new position in Toast in the first quarter valued at approximately $754,000. Miracle Mile Advisors LLC bought a new position in shares of Toast during the first quarter valued at approximately $274,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Toast by 52.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,910 shares of the company’s stock worth $97,000 after purchasing an additional 1,345 shares during the period. 82.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on TOST. Mizuho upgraded Toast from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $21.00 to $33.00 in a research note on Thursday, July 18th. JPMorgan Chase & Co. upped their price target on shares of Toast from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. The Goldman Sachs Group lifted their price objective on shares of Toast from $29.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Morgan Stanley upped their target price on shares of Toast from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Robert W. Baird lifted their price target on Toast from $28.00 to $30.00 and gave the company a “neutral” rating in a report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $28.94.

Toast Trading Up 2.7 %

Shares of Toast stock opened at $30.03 on Friday. Toast, Inc. has a 52 week low of $13.77 and a 52 week high of $30.70. The company’s 50-day moving average price is $26.66 and its two-hundred day moving average price is $25.33. The stock has a market cap of $13.84 billion, a PE ratio of -103.55 and a beta of 1.76.

Toast (NYSE:TOST) last issued its earnings results on Tuesday, August 6th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.04. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Toast had a negative net margin of 3.10% and a negative return on equity of 11.27%. The firm’s revenue for the quarter was up 27.0% compared to the same quarter last year. During the same period last year, the firm posted ($0.19) earnings per share. On average, equities analysts predict that Toast, Inc. will post -0.1 EPS for the current fiscal year.

Insider Transactions at Toast

In other news, General Counsel Brian R. Elworthy sold 300,000 shares of the company’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $30.39, for a total transaction of $9,117,000.00. Following the completion of the sale, the general counsel now directly owns 177,836 shares of the company’s stock, valued at $5,404,436.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, General Counsel Brian R. Elworthy sold 300,000 shares of Toast stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $30.39, for a total value of $9,117,000.00. Following the transaction, the general counsel now directly owns 177,836 shares of the company’s stock, valued at $5,404,436.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Stephen Fredette sold 1,127 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $24.00, for a total transaction of $27,048.00. Following the sale, the president now owns 2,849,709 shares in the company, valued at $68,393,016. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,387,269 shares of company stock valued at $38,394,140 in the last three months. 13.32% of the stock is currently owned by corporate insiders.

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.