Choreo LLC Has $2.21 Million Stock Holdings in Toast, Inc. (NYSE:TOST)

Choreo LLC boosted its holdings in shares of Toast, Inc. (NYSE:TOST) by 6.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,497 shares of the company’s stock after buying an additional 3,889 shares during the period. Choreo LLC’s holdings in Toast were worth $2,206,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Makena Capital Management LLC grew its stake in shares of Toast by 7.6% in the 3rd quarter. Makena Capital Management LLC now owns 274,392 shares of the company’s stock worth $7,768,000 after acquiring an additional 19,371 shares in the last quarter. KBC Group NV grew its stake in shares of Toast by 66.5% in the 3rd quarter. KBC Group NV now owns 42,838 shares of the company’s stock worth $1,213,000 after acquiring an additional 17,106 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Toast by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,865,934 shares of the company’s stock worth $193,992,000 after acquiring an additional 155,212 shares in the last quarter. MML Investors Services LLC grew its stake in shares of Toast by 40.6% in the 3rd quarter. MML Investors Services LLC now owns 228,313 shares of the company’s stock worth $6,464,000 after acquiring an additional 65,957 shares in the last quarter. Finally, Qsemble Capital Management LP grew its position in Toast by 52.1% during the third quarter. Qsemble Capital Management LP now owns 67,796 shares of the company’s stock valued at $1,919,000 after buying an additional 23,231 shares during the period. Institutional investors own 82.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on TOST shares. Wells Fargo & Company increased their price target on shares of Toast from $25.00 to $30.00 and gave the company an “underweight” rating in a research report on Thursday, January 16th. Robert W. Baird increased their target price on shares of Toast from $30.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. BNP Paribas downgraded shares of 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. Deutsche Bank Aktiengesellschaft increased their price target on shares of Toast from $24.00 to $30.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Finally, Royal Bank of Canada raised their target price on shares of Toast from $27.00 to $40.00 and gave the company a “sector perform” rating in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Toast presently has an average rating of “Hold” and a consensus price target of $35.74.

Insider Transactions at Toast

In related news, General Counsel Brian R. Elworthy sold 653 shares of Toast stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total value of $25,878.39. Following the sale, the general counsel now owns 209,206 shares in the company, valued at $8,290,833.78. The trade was a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Christopher P. Comparato sold 145,000 shares of Toast stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $36.04, for a total transaction of $5,225,800.00. Following the completion of the sale, the director now owns 182,451 shares in the company, valued at approximately $6,575,534.04. This trade represents a 44.28 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 462,449 shares of company stock worth $18,205,099. Insiders own 13.32% of the company’s stock.

Toast Stock Performance

Shares of Toast stock opened at $41.99 on Friday. Toast, Inc. has a 52-week low of $18.47 and a 52-week high of $44.12. The stock has a market capitalization of $19.78 billion, a price-to-earnings ratio of -323.00, a P/E/G ratio of 2.18 and a beta of 1.98. The company’s 50 day moving average price is $38.46 and its 200-day moving average price is $32.25.

Toast (NYSE:TOST) last issued its earnings results on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the business earned ($0.09) earnings per share. As a group, equities research analysts forecast that Toast, Inc. will post 0.03 earnings per share for the current fiscal 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.