Toast, Inc. (NYSE:TOST) Shares Sold by Regatta Capital Group LLC

Regatta Capital Group LLC lowered its stake in shares of Toast, Inc. (NYSE:TOST) by 17.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 11,298 shares of the company’s stock after selling 2,446 shares during the quarter. Regatta Capital Group LLC’s holdings in Toast were worth $412,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Toth Financial Advisory Corp purchased a new position in shares of Toast during the 3rd quarter worth $28,000. Raleigh Capital Management Inc. increased its position in Toast by 93.4% during the third quarter. Raleigh Capital Management Inc. now owns 1,491 shares of the company’s stock worth $42,000 after purchasing an additional 720 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Toast by 32.3% during the third quarter. Farther Finance Advisors LLC now owns 2,033 shares of the company’s stock worth $58,000 after purchasing an additional 496 shares during the period. Global Trust Asset Management LLC acquired a new position in Toast in the 4th quarter valued at about $58,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Toast in the 3rd quarter valued at approximately $59,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Toast from $28.00 to $36.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Piper Sandler lifted their target price on Toast from $25.00 to $35.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Wedbush upped their price target on Toast from $35.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Morgan Stanley raised their price objective on Toast from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Finally, The Goldman Sachs Group decreased their target price on shares of Toast from $45.00 to $40.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $35.74.

Insiders Place Their Bets

In other Toast news, Director David Yuan sold 189,785 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $43.01, for a total transaction of $8,162,652.85. Following the completion of the transaction, the director now owns 198,829 shares in the company, valued at approximately $8,551,635.29. This represents a 48.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard Kent Bennett sold 100,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $36.67, for a total transaction of $3,667,000.00. Following the completion of the sale, the director now owns 418,591 shares of the company’s stock, valued at $15,349,731.97. This trade represents a 19.28 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 562,600 shares of company stock valued at $21,823,932. 13.32% of the stock is owned by company insiders.

Toast Stock Down 1.7 %

Shares of Toast stock opened at $39.33 on Friday. The firm’s fifty day simple moving average is $38.83 and its 200-day simple moving average is $31.45. Toast, Inc. has a 12 month low of $16.13 and a 12 month high of $44.12.

Toast (NYSE:TOST) last announced its earnings results on Thursday, November 7th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. Toast had a negative net margin of 1.05% and a negative return on equity of 3.84%. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the company earned ($0.09) earnings per share. Equities analysts predict that Toast, Inc. will post 0.03 EPS for the current year.

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.