Toast, Inc. (NYSE:TOST) Shares Bought by Terril Brothers Inc.

Terril Brothers Inc. raised its position in Toast, Inc. (NYSE:TOST) by 60.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 148,875 shares of the company’s stock after acquiring an additional 55,800 shares during the quarter. Toast makes up about 1.0% of Terril Brothers Inc.’s holdings, making the stock its 26th largest holding. Terril Brothers Inc.’s holdings in Toast were worth $2,718,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Toast by 11.1% during the 3rd quarter. Vanguard Group Inc. now owns 35,079,123 shares of the company’s stock worth $657,032,000 after purchasing an additional 3,494,579 shares in the last quarter. Morgan Stanley boosted its position in shares of Toast by 149.3% during the 3rd quarter. Morgan Stanley now owns 12,007,286 shares of the company’s stock worth $224,896,000 after purchasing an additional 7,191,595 shares in the last quarter. Abdiel Capital Advisors LP boosted its position in shares of Toast by 0.8% during the 3rd quarter. Abdiel Capital Advisors LP now owns 10,876,373 shares of the company’s stock worth $203,714,000 after purchasing an additional 86,536 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Toast by 69.6% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,600,377 shares of the company’s stock worth $120,523,000 after purchasing an additional 2,708,597 shares in the last quarter. Finally, Eventide Asset Management LLC boosted its position in shares of Toast by 82.4% during the 3rd quarter. Eventide Asset Management LLC now owns 2,926,074 shares of the company’s stock worth $54,805,000 after purchasing an additional 1,322,208 shares in the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TOST has been the topic of several recent research reports. Piper Sandler boosted their price objective on shares of Toast from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, February 16th. Keefe, Bruyette & Woods initiated coverage on shares of Toast in a research report on Tuesday, April 9th. They issued a “market perform” rating and a $25.00 price objective on the stock. Wells Fargo & Company boosted their price objective on shares of Toast from $15.00 to $17.00 and gave the stock an “underweight” rating in a research report on Friday, April 12th. Redburn Atlantic upgraded shares of Toast from a “neutral” rating to a “buy” rating and set a $28.00 price objective on the stock in a research report on Wednesday, February 7th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $23.00 price objective on shares of Toast in a research report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $24.32.

Insider Activity

In other news, President Stephen Fredette sold 2,272 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $23.40, for a total transaction of $53,164.80. Following the completion of the transaction, the president now owns 2,835,759 shares of the company’s stock, valued at approximately $66,356,760.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, President Stephen Fredette sold 2,272 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $23.40, for a total transaction of $53,164.80. Following the completion of the sale, the president now owns 2,835,759 shares of the company’s stock, valued at approximately $66,356,760.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CRO Jonathan Vassil sold 50,000 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $22.90, for a total transaction of $1,145,000.00. Following the sale, the executive now directly owns 25,422 shares of the company’s stock, valued at approximately $582,163.80. The disclosure for this sale can be found here. Insiders sold a total of 414,486 shares of company stock valued at $8,662,487 in the last 90 days. 13.70% of the stock is currently owned by insiders.

Toast Price Performance

NYSE:TOST traded up $0.79 on Friday, reaching $23.91. The stock had a trading volume of 6,398,473 shares, compared to its average volume of 5,333,267. Toast, Inc. has a 12-month low of $13.77 and a 12-month high of $27.00. The firm’s fifty day moving average is $23.36 and its two-hundred day moving average is $19.24. The company has a market cap of $10.79 billion, a price-to-earnings ratio of -46.88 and a beta of 1.79.

Toast (NYSE:TOST) last posted its quarterly earnings data on Thursday, February 15th. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.04. Toast had a negative net margin of 6.36% and a negative return on equity of 21.77%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the company posted ($0.19) EPS. The company’s quarterly revenue was up 34.7% compared to the same quarter last year. As a group, research analysts forecast that Toast, Inc. will post -0.22 earnings per share for the current fiscal year.

Toast Company 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.