Edmond DE Rothschild Holding S.A. Lowers Stock Holdings in Toast, Inc. (NYSE:TOST)

Edmond DE Rothschild Holding S.A. lessened its holdings in Toast, Inc. (NYSE:TOST) by 47.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 703,597 shares of the company’s stock after selling 624,612 shares during the period. Edmond DE Rothschild Holding S.A. owned 0.15% of Toast worth $25,646,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of TOST. Blue Trust Inc. grew its position in shares of Toast by 120.4% during the fourth quarter. Blue Trust Inc. now owns 692 shares of the company’s stock worth $25,000 after purchasing an additional 378 shares in the last quarter. Piscataqua Savings Bank purchased a new stake in Toast during the 4th quarter valued at approximately $26,000. Stonebridge Financial Group LLC bought a new stake in shares of Toast during the fourth quarter valued at approximately $34,000. SBI Securities Co. Ltd. purchased a new position in shares of Toast in the fourth quarter worth $35,000. Finally, Wingate Wealth Advisors Inc. bought a new position in shares of Toast during the fourth quarter worth $40,000. 82.91% of the stock is owned by institutional investors.

Insider Activity at Toast

In related news, President Stephen Fredette sold 1,068 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total value of $42,324.84. Following the completion of the sale, the president now directly owns 1,644,656 shares of the company’s stock, valued at $65,177,717.28. This represents a 0.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Brian R. Elworthy sold 653 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total transaction of $25,878.39. Following the transaction, the general counsel now owns 209,206 shares in the company, valued at approximately $8,290,833.78. The trade was a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 270,770 shares of company stock worth $9,409,211 in the last 90 days. 13.32% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TOST. Oppenheimer began coverage on shares of Toast in a report on Friday, January 24th. They issued an “outperform” rating and a $46.00 price target on the stock. JPMorgan Chase & Co. boosted their target price on Toast from $36.00 to $42.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. Wells Fargo & Company raised their price target on Toast from $25.00 to $30.00 and gave the company an “underweight” rating in a report on Thursday, January 16th. Canaccord Genuity Group upped their price objective on Toast from $43.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Finally, UBS Group raised their target price on shares of Toast from $41.00 to $47.00 and gave the company a “buy” rating in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Toast presently has a consensus rating of “Hold” and an average price target of $40.48.

Toast Stock Performance

TOST opened at $33.53 on Monday. Toast, Inc. has a one year low of $21.32 and a one year high of $44.12. The stock has a market cap of $16.56 billion, a price-to-earnings ratio of -3,349.25, a P/E/G ratio of 2.16 and a beta of 1.99. The stock’s 50 day moving average price is $37.72 and its 200-day moving average price is $35.48.

Toast (NYSE:TOST) last released its earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Toast had a return on equity of 1.54% and a net margin of 0.40%. As a group, analysts predict that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

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.