Toast, Inc. (NYSE:TOST) Shares Sold by Greenhouse Funds LLLP

Greenhouse Funds LLLP lessened its holdings in shares of Toast, Inc. (NYSE:TOST) by 32.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,835,098 shares of the company’s stock after selling 872,099 shares during the period. Toast accounts for approximately 2.8% of Greenhouse Funds LLLP’s holdings, making the stock its 20th biggest position. Greenhouse Funds LLLP’s holdings in Toast were worth $66,889,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Barclays PLC boosted its position in shares of Toast by 38.0% during the third quarter. Barclays PLC now owns 309,426 shares of the company’s stock worth $8,758,000 after buying an additional 85,171 shares during the period. Sanctuary Advisors LLC acquired a new position in Toast during the 3rd quarter valued at about $327,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Toast during the 3rd quarter worth about $59,000. Tidal Investments LLC lifted its stake in shares of Toast by 5.4% in the 3rd quarter. Tidal Investments LLC now owns 14,310 shares of the company’s stock worth $405,000 after acquiring an additional 734 shares during the period. Finally, Synovus Financial Corp acquired a new position in shares of Toast during the third quarter valued at approximately $425,000. Institutional investors own 82.91% of the company’s stock.

Toast Stock Down 3.4 %

NYSE:TOST opened at $33.12 on Tuesday. Toast, Inc. has a 12 month low of $21.32 and a 12 month high of $44.12. The company’s 50-day moving average price is $35.30 and its two-hundred day moving average price is $36.23. The firm has a market cap of $16.36 billion, a PE ratio of -3,308.69, a price-to-earnings-growth ratio of 2.16 and a beta of 2.00.

Toast (NYSE:TOST) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Toast had a return on equity of 1.54% and a net margin of 0.40%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.32 billion. On average, research analysts expect that Toast, Inc. will post 0.39 EPS for the current fiscal year.

Insider Transactions at Toast

In other news, Director Deval L. Patrick sold 34,222 shares of Toast stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $33.01, for a total transaction of $1,129,668.22. Following the completion of the sale, the director now owns 13,260 shares in the company, valued at $437,712.60. The trade was a 72.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Stephen Fredette sold 1,068 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total transaction of $42,324.84. Following the completion of the transaction, the president now owns 1,644,656 shares in the company, valued at $65,177,717.28. This represents a 0.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 340,770 shares of company stock worth $11,803,911. Corporate insiders own 13.32% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TOST. Needham & Company LLC restated a “buy” rating and issued a $50.00 price objective on shares of Toast in a report on Thursday, February 20th. Oppenheimer started coverage on Toast in a research report on Friday, January 24th. They set an “outperform” rating and a $46.00 target price on the stock. Wells Fargo & Company raised shares of Toast from an “underweight” rating to an “overweight” rating and upped their price objective for the company from $30.00 to $39.00 in a research note on Thursday, April 10th. Evercore ISI began coverage on shares of Toast in a research report on Wednesday, April 9th. They issued an “in-line” rating and a $29.00 target price on the stock. Finally, BNP Paribas set a $37.00 price target on shares of Toast and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Thirteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $40.09.

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.