R Squared Ltd Makes New $143,000 Investment in Toast, Inc. (NYSE:TOST)

R Squared Ltd purchased a new position in shares of Toast, Inc. (NYSE:TOST) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 3,930 shares of the company’s stock, valued at approximately $143,000.

A number of other hedge funds have also recently modified their holdings of TOST. Mirador Capital Partners LP lifted its position in Toast by 0.9% during the fourth quarter. Mirador Capital Partners LP now owns 41,938 shares of the company’s stock valued at $1,529,000 after purchasing an additional 360 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Toast by 120.4% during the 4th quarter. Blue Trust Inc. now owns 692 shares of the company’s stock valued at $25,000 after buying an additional 378 shares in the last quarter. D.A. Davidson & CO. grew its stake in shares of Toast by 1.9% during the 3rd quarter. D.A. Davidson & CO. now owns 22,100 shares of the company’s stock valued at $626,000 after acquiring an additional 409 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Toast by 1.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 35,968 shares of the company’s stock worth $927,000 after acquiring an additional 421 shares in the last quarter. Finally, Private Advisor Group LLC raised its stake in Toast by 1.6% during the 3rd quarter. Private Advisor Group LLC now owns 28,151 shares of the company’s stock worth $797,000 after acquiring an additional 441 shares during the period. Institutional investors own 82.91% of the company’s stock.

Toast Trading Up 0.2 %

Shares of NYSE:TOST opened at $40.03 on Thursday. Toast, Inc. has a 12 month low of $17.65 and a 12 month high of $44.12. The firm’s 50-day moving average is $38.71 and its 200 day moving average is $31.77.

Toast (NYSE:TOST) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.06. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. Toast had a negative return on equity of 3.84% and a negative net margin of 1.05%. During the same period in the prior year, the business posted ($0.09) earnings per share. Sell-side analysts anticipate that Toast, Inc. will post 0.03 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TOST. The Goldman Sachs Group reduced their price objective on shares of Toast from $45.00 to $40.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Compass Point began coverage on Toast in a research note on Wednesday, November 20th. They issued a “buy” rating and a $49.00 price target for the company. Oppenheimer began coverage on Toast in a research report on Friday, January 24th. They issued an “outperform” rating and a $46.00 price objective on the stock. Wells Fargo & Company increased their target price on Toast from $25.00 to $30.00 and gave the stock an “underweight” rating in a research report on Thursday, January 16th. Finally, BNP Paribas cut Toast from an “outperform” rating to a “neutral” rating and set a $37.00 price target on the stock. in a report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $35.74.

Insider Activity

In related news, CRO Jonathan Vassil sold 1,367 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $31.08, for a total value of $42,486.36. Following the completion of the sale, the executive now owns 39,834 shares in the company, valued at approximately $1,238,040.72. The trade was a 3.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 value of $3,667,000.00. Following the transaction, the director now owns 418,591 shares in the company, valued at $15,349,731.97. The trade was a 19.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 562,600 shares of company stock valued at $21,823,932. 13.32% of the stock is currently owned by company insiders.

Toast 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.