Toast, Inc. (NYSE:TOST) Stock Holdings Trimmed by Truvestments Capital LLC

Truvestments Capital LLC lessened its holdings in shares of Toast, Inc. (NYSE:TOST) by 52.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 7,238 shares of the company’s stock after selling 7,827 shares during the quarter. Truvestments Capital LLC’s holdings in Toast were worth $180,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Principal Securities Inc. acquired a new position in shares of Toast during the fourth quarter valued at approximately $30,000. Cape Investment Advisory Inc. acquired a new position in shares of Toast during the 4th quarter valued at $31,000. Harbor Investment Advisory LLC acquired a new stake in shares of Toast in the first quarter valued at $37,000. Baystate Wealth Management LLC boosted its stake in Toast by 58.2% during the fourth quarter. Baystate Wealth Management LLC now owns 2,435 shares of the company’s stock valued at $44,000 after buying an additional 896 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in Toast by 311.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,085 shares of the company’s stock worth $75,000 after acquiring an additional 3,092 shares during the period. Institutional investors own 82.91% of the company’s stock.

Toast Price Performance

TOST traded up $0.69 on Friday, hitting $25.68. The company had a trading volume of 5,997,772 shares, compared to its average volume of 6,040,444. The stock has a market cap of $11.63 billion, a price-to-earnings ratio of -51.36 and a beta of 1.76. The company’s fifty day moving average price is $24.88 and its 200 day moving average price is $23.13. Toast, Inc. has a 1-year low of $13.77 and a 1-year high of $27.90.

Toast (NYSE:TOST) last issued its quarterly earnings data on Tuesday, May 7th. The company reported ($0.15) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.15). The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Toast had a negative net margin of 6.02% and a negative return on equity of 21.45%. Toast’s revenue for the quarter was up 31.3% on a year-over-year basis. During the same period in the previous year, the company earned ($0.16) earnings per share. On average, sell-side analysts forecast that Toast, Inc. will post -0.14 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TOST shares. 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 report on Tuesday, May 21st. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $26.00 price target on shares of Toast in a research report on Wednesday, May 29th. Royal Bank of Canada upped their price objective on shares of Toast from $23.00 to $27.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 8th. Baird R W cut shares of Toast from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 21st. Finally, Canaccord Genuity Group boosted their price target on shares of Toast from $22.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $26.65.

Insider Activity

In related news, CEO Aman Narang sold 6,355 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $25.64, for a total transaction of $162,942.20. Following the completion of the transaction, the chief executive officer now owns 1,131,043 shares of the company’s stock, valued at approximately $28,999,942.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Aman Narang sold 6,355 shares of the business’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $25.64, for a total transaction of $162,942.20. Following the transaction, the chief executive officer now owns 1,131,043 shares of the company’s stock, valued at $28,999,942.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Brian R. Elworthy sold 2,573 shares of the stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $25.64, for a total transaction of $65,971.72. Following the completion of the sale, the general counsel now directly owns 170,531 shares of the company’s stock, valued at $4,372,414.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 368,455 shares of company stock valued at $9,410,466. 13.32% of the stock is owned by 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.