Toast, Inc. (NYSE:TOST) Shares Sold by CHURCHILL MANAGEMENT Corp

CHURCHILL MANAGEMENT Corp cut its holdings in Toast, Inc. (NYSE:TOST) by 9.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,246 shares of the company’s stock after selling 3,391 shares during the period. CHURCHILL MANAGEMENT Corp’s holdings in Toast were worth $1,212,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Victory Capital Management Inc. lifted its stake in shares of Toast by 3.4% in the 2nd quarter. Victory Capital Management Inc. now owns 49,002 shares of the company’s stock valued at $1,263,000 after purchasing an additional 1,611 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Toast in the 2nd quarter valued at about $364,000. American Century Companies Inc. lifted its position in Toast by 25.5% in the second quarter. American Century Companies Inc. now owns 27,844 shares of the company’s stock valued at $718,000 after buying an additional 5,651 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in Toast by 36.7% during the second quarter. DekaBank Deutsche Girozentrale now owns 49,871 shares of the company’s stock worth $1,267,000 after buying an additional 13,388 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in shares of Toast by 46.5% during the second quarter. Envestnet Asset Management Inc. now owns 333,013 shares of the company’s stock valued at $8,582,000 after acquiring an additional 105,739 shares during the last quarter. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Toast Stock Up 0.8 %

Shares of Toast stock opened at $36.90 on Friday. The firm has a market capitalization of $17.38 billion, a P/E ratio of -283.84, a P/E/G ratio of 1.83 and a beta of 1.97. Toast, Inc. has a 52 week low of $16.13 and a 52 week high of $44.12. The firm’s 50 day moving average is $38.90 and its two-hundred day moving average is $30.86.

Wall Street Analyst Weigh In

TOST has been the subject of a number of research analyst reports. Stephens increased their price objective on shares of Toast from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft lifted their price objective on Toast from $24.00 to $30.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Robert W. Baird increased their target price on Toast from $30.00 to $38.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Royal Bank of Canada lifted their target price on Toast from $27.00 to $40.00 and gave the company a “sector perform” rating in a research report on Friday, November 8th. Finally, BNP Paribas cut shares of Toast from an “outperform” rating to a “neutral” rating and set a $37.00 price target on the stock. in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $35.27.

Insider Buying and Selling

In related news, CEO Aman Narang sold 1,646 shares of the firm’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 transaction of $51,157.68. Following the transaction, the chief executive officer now owns 969,970 shares in the company, valued at $30,146,667.60. This trade represents a 0.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Elena Gomez sold 1,917 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $31.08, for a total value of $59,580.36. Following the completion of the sale, the chief financial officer now owns 159,615 shares of the company’s stock, valued at approximately $4,960,834.20. This represents a 1.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 562,600 shares of company stock worth $21,823,932 in the last ninety days. 13.32% of the stock is owned by corporate 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.