U.S. Capital Wealth Advisors LLC Has $2.55 Million Holdings in Toast, Inc. (NYSE:TOST)

U.S. Capital Wealth Advisors LLC cut its holdings in Toast, Inc. (NYSE:TOST) by 16.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 70,031 shares of the company’s stock after selling 13,900 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Toast were worth $2,553,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. ValueAct Holdings L.P. acquired a new stake in Toast during the third quarter worth about $438,301,000. FMR LLC grew its stake in Toast by 50.5% during the third quarter. FMR LLC now owns 24,449,743 shares of the company’s stock worth $692,172,000 after buying an additional 8,205,053 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Toast by 2,889.8% during the third quarter. Assenagon Asset Management S.A. now owns 3,829,995 shares of the company’s stock worth $108,427,000 after buying an additional 3,701,893 shares in the last quarter. Perpetual Ltd acquired a new stake in Toast during the fourth quarter worth about $60,878,000. Finally, Worldquant Millennium Advisors LLC grew its stake in Toast by 1,475.0% during the third quarter. Worldquant Millennium Advisors LLC now owns 850,965 shares of the company’s stock worth $24,091,000 after buying an additional 796,936 shares in the last quarter. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Toast Price Performance

TOST opened at $39.99 on Tuesday. The company has a market capitalization of $18.83 billion, a price-to-earnings ratio of -307.60, a P/E/G ratio of 2.18 and a beta of 1.98. The firm’s fifty day moving average price is $38.57 and its two-hundred day moving average price is $32.10. Toast, Inc. has a 1 year low of $17.95 and a 1 year high of $44.12.

Toast (NYSE:TOST) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.06. The company 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 quarter in the prior year, the business earned ($0.09) earnings per share. As a group, equities analysts anticipate that Toast, Inc. will post 0.03 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on TOST shares. Robert W. Baird increased their price objective on shares of Toast from $30.00 to $38.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. DA Davidson reiterated a “neutral” rating and set a $38.00 price objective (down from $44.00) on shares of Toast in a research note on Thursday, December 5th. Wells Fargo & Company raised their price target on shares of Toast from $25.00 to $30.00 and gave the company an “underweight” rating in a research note on Thursday, January 16th. Compass Point initiated coverage on shares of Toast in a research note on Wednesday, November 20th. They issued a “buy” rating and a $49.00 price target on the stock. Finally, Wedbush raised their price target on shares of Toast from $35.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $35.74.

Insider Activity at Toast

In other Toast news, Director Christopher P. Comparato sold 145,000 shares of the company’s stock in a transaction dated 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CRO Jonathan Vassil sold 100,000 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $36.55, for a total transaction of $3,655,000.00. Following the sale, the executive now directly owns 39,834 shares in the company, valued at approximately $1,455,932.70. This trade represents a 71.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 557,670 shares of company stock worth $21,670,707. 13.32% of the stock is owned by company insiders.

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.