Toast, Inc. (NYSE:TOST) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. reduced its position in shares of Toast, Inc. (NYSE:TOST) by 27.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,843 shares of the company’s stock after selling 5,338 shares during the period. Vontobel Holding Ltd.’s holdings in Toast were worth $505,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Asset Management One Co. Ltd. lifted its position in Toast by 13.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 138,734 shares of the company’s stock valued at $5,203,000 after buying an additional 16,489 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Toast by 129,058.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,074,286 shares of the company’s stock valued at $75,466,000 after buying an additional 2,072,680 shares in the last quarter. True Vision MN LLC acquired a new position in Toast during the fourth quarter valued at approximately $279,000. Stonebridge Financial Group LLC acquired a new position in Toast during the fourth quarter valued at approximately $34,000. Finally, Wingate Wealth Advisors Inc. acquired a new position in Toast during the fourth quarter valued at approximately $40,000. 82.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TOST has been the topic of a number of analyst reports. BMO Capital Markets initiated coverage on shares of Toast in a research note on Monday, January 6th. They set an “outperform” rating and a $45.00 price objective on the stock. Compass Point initiated coverage on shares of Toast in a research note on Wednesday, November 20th. They set a “buy” rating and a $49.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Toast from $28.00 to $36.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Oppenheimer initiated coverage on shares of Toast in a research note on Friday, January 24th. They set an “outperform” rating and a $46.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Toast from $24.00 to $30.00 and gave the company a “hold” rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $36.09.

Insider Transactions at Toast

In other Toast news, President Stephen Fredette sold 1,068 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total value of $42,324.84. Following the completion of the sale, the president now owns 1,644,656 shares of the company’s stock, valued at approximately $65,177,717.28. This trade represents a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Elena Gomez sold 2,052 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total value of $81,320.76. Following the completion of the sale, the chief financial officer now directly owns 160,498 shares of the company’s stock, valued at $6,360,535.74. This trade represents a 1.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 339,564 shares of company stock worth $13,577,845 over the last ninety days. 13.32% of the stock is owned by insiders.

Toast Stock Performance

TOST opened at $40.10 on Thursday. Toast, Inc. has a 52-week low of $20.49 and a 52-week high of $44.12. The firm has a market cap of $18.89 billion, a P/E ratio of -308.48, a price-to-earnings-growth ratio of 2.17 and a beta of 1.98. The business’s fifty day moving average is $38.59 and its 200-day moving average is $33.30.

Toast (NYSE:TOST) last announced its quarterly earnings data 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). Toast had a negative return on equity of 3.84% and a negative net margin of 1.05%. On average, research analysts predict that Toast, Inc. will post 0.03 earnings per share for the current fiscal year.

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.