CHURCHILL MANAGEMENT Corp Trims Holdings in Toast, Inc. (NYSE:TOST)

CHURCHILL MANAGEMENT Corp lowered its position in Toast, Inc. (NYSE:TOST) by 9.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,246 shares of the company’s stock after selling 3,391 shares during the period. CHURCHILL MANAGEMENT Corp’s holdings in Toast were worth $1,212,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. boosted its holdings in shares of Toast by 3.4% in the 2nd quarter. Victory Capital Management Inc. now owns 49,002 shares of the company’s stock valued at $1,263,000 after acquiring an additional 1,611 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Toast during the second quarter valued at $364,000. American Century Companies Inc. grew its position in Toast by 25.5% during the 2nd quarter. American Century Companies Inc. now owns 27,844 shares of the company’s stock worth $718,000 after purchasing an additional 5,651 shares during the period. DekaBank Deutsche Girozentrale raised its stake in shares of Toast by 36.7% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 49,871 shares of the company’s stock valued at $1,267,000 after buying an additional 13,388 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Toast by 46.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 333,013 shares of the company’s stock valued at $8,582,000 after buying an additional 105,739 shares during the period. Institutional investors and hedge funds own 82.91% of the company’s stock.

Toast Price Performance

Shares of NYSE:TOST opened at $36.90 on Friday. Toast, Inc. has a 1 year low of $16.13 and a 1 year high of $44.12. The firm has a market capitalization of $17.38 billion, a PE ratio of -283.84, a P/E/G ratio of 1.83 and a beta of 1.97. The business’s 50 day moving average price is $38.90 and its 200-day moving average price is $30.86.

Analysts Set New Price Targets

TOST has been the topic of several analyst reports. BMO Capital Markets assumed coverage on Toast in a report on Monday, January 6th. They set an “outperform” rating and a $45.00 target price on the stock. JPMorgan Chase & Co. raised their price objective on shares of Toast from $28.00 to $36.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Keefe, Bruyette & Woods boosted their target price on shares of Toast from $29.00 to $40.00 and gave the company a “market perform” rating in a research note on Monday, December 9th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Toast from $24.00 to $30.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Finally, Stephens upped their price objective on shares of Toast from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $35.27.

Insiders Place Their Bets

In other Toast news, CRO Jonathan Vassil sold 1,367 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $31.08, for a total value of $42,486.36. Following the transaction, the executive now directly owns 39,834 shares of the company’s stock, valued at $1,238,040.72. This trade represents a 3.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Elena Gomez sold 1,917 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $31.08, for a total value of $59,580.36. Following the completion of the sale, the chief financial officer now owns 159,615 shares of the company’s stock, valued at $4,960,834.20. This trade represents a 1.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 562,600 shares of company stock valued at $21,823,932 in the last 90 days. 13.32% of the stock is owned by insiders.

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.