Yeomans Consulting Group Inc. Buys Shares of 7,386 Toast, Inc. (NYSE:TOST)

Yeomans Consulting Group Inc. purchased a new position in shares of Toast, Inc. (NYSE:TOST) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,386 shares of the company’s stock, valued at approximately $269,000.

A number of other large investors have also modified their holdings of TOST. Donoghue Forlines LLC bought a new position in Toast in the 4th quarter valued at about $2,027,000. Independent Wealth Network Inc. acquired a new stake in shares of Toast in the 4th quarter worth approximately $254,000. Janney Montgomery Scott LLC boosted its holdings in shares of Toast by 1.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 38,964 shares of the company’s stock valued at $1,420,000 after acquiring an additional 551 shares in the last quarter. Global Trust Asset Management LLC acquired a new position in shares of Toast during the fourth quarter valued at approximately $58,000. Finally, Sheets Smith Wealth Management bought a new stake in Toast during the fourth quarter worth approximately $674,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on TOST. JPMorgan Chase & Co. increased their price target on Toast from $28.00 to $36.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. DA Davidson reaffirmed a “neutral” rating and set a $38.00 target price (down previously from $44.00) on shares of Toast in a research note on Thursday, December 5th. Piper Sandler boosted their price target on shares of Toast from $25.00 to $35.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. BMO Capital Markets started coverage on shares of Toast in a report on Monday, January 6th. They issued an “outperform” rating and a $45.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Toast from $24.00 to $30.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $35.27.

Insiders Place Their Bets

In other Toast news, Director David Yuan sold 189,785 shares of Toast stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $43.01, for a total value of $8,162,652.85. Following the completion of the sale, the director now directly owns 198,829 shares in the company, valued at $8,551,635.29. The trade was a 48.84 % 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, Director Christopher P. Comparato sold 145,000 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The stock was 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 directly owns 182,451 shares of the company’s stock, valued at $6,575,534.04. This represents a 44.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 562,600 shares of company stock worth $21,823,932 in the last quarter. 13.32% of the stock is currently owned by corporate insiders.

Toast Trading Up 3.1 %

Shares of Toast stock opened at $39.99 on Friday. Toast, Inc. has a 1 year low of $16.13 and a 1 year high of $44.12. The company has a market cap of $18.84 billion, a P/E ratio of -307.62, a P/E/G ratio of 2.05 and a beta of 1.97. The stock has a 50-day moving average price of $38.87 and a 200 day moving average price of $31.25.

Toast (NYSE:TOST) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. Toast had a negative net margin of 1.05% and a negative return on equity of 3.84%. During the same period in the prior year, the firm earned ($0.09) earnings per share. On average, equities analysts forecast that Toast, Inc. will post 0.03 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.