Romano Brothers AND Company Trims Stock Position in Toast, Inc. (NYSE:TOST)

Romano Brothers AND Company cut its position in Toast, Inc. (NYSE:TOST) by 28.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 25,000 shares of the company’s stock after selling 9,900 shares during the quarter. Romano Brothers AND Company’s holdings in Toast were worth $911,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of TOST. American Century Companies Inc. increased its holdings in shares of Toast by 25.5% in the second 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. Envestnet Asset Management Inc. grew its position in Toast by 46.5% during the second quarter. Envestnet Asset Management Inc. now owns 333,013 shares of the company’s stock worth $8,582,000 after buying an additional 105,739 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Toast by 6.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,161,572 shares of the company’s stock worth $29,933,000 after buying an additional 68,875 shares in the last quarter. Renaissance Technologies LLC bought a new position in Toast in the 2nd quarter worth about $2,879,000. Finally, Mercer Global Advisors Inc. ADV raised its holdings in shares of Toast by 10.2% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 53,353 shares of the company’s stock valued at $1,375,000 after acquiring an additional 4,950 shares in the last quarter. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TOST. Robert W. Baird boosted their price objective on Toast from $30.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Wells Fargo & Company increased their price target on shares of Toast from $25.00 to $30.00 and gave the stock an “underweight” rating in a report on Thursday. DA Davidson restated a “neutral” rating and set a $38.00 price objective (down previously from $44.00) on shares of Toast in a research report on Thursday, December 5th. Royal Bank of Canada upped their target price on shares of Toast from $27.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Friday, November 8th. Finally, The Goldman Sachs Group lowered their price target on Toast from $45.00 to $40.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $35.27.

Toast Stock Up 2.4 %

Shares of NYSE:TOST opened at $37.76 on Friday. The company has a 50-day moving average price of $38.91 and a 200-day moving average price of $30.98. Toast, Inc. has a 12 month low of $16.13 and a 12 month high of $44.12.

Insider Activity at Toast

In related news, Director Christopher P. Comparato sold 145,000 shares of the stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $36.04, for a total value of $5,225,800.00. Following the completion of the transaction, the director now directly owns 182,451 shares of the company’s stock, valued at $6,575,534.04. This represents a 44.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Aman Narang sold 1,646 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $31.08, for a total transaction of $51,157.68. Following the completion of the sale, the chief executive officer now owns 969,970 shares of the company’s stock, valued at $30,146,667.60. This trade represents a 0.17 % 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 worth $21,823,932 in the last 90 days. Company insiders own 13.32% of the company’s stock.

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.