Staley Capital Advisers Inc. Has $386,000 Stake in Toast, Inc. (NYSE:TOST)

Staley Capital Advisers Inc. reduced its position in Toast, Inc. (NYSE:TOST) by 3.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,600 shares of the company’s stock after selling 400 shares during the quarter. Staley Capital Advisers Inc.’s holdings in Toast were worth $386,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. raised its position in Toast by 120.4% during the fourth quarter. Blue Trust Inc. now owns 692 shares of the company’s stock valued at $25,000 after purchasing an additional 378 shares in the last quarter. Piscataqua Savings Bank acquired a new position in shares of Toast during the 4th quarter worth $26,000. Stonebridge Financial Group LLC acquired a new position in shares of Toast during the 4th quarter worth $34,000. SBI Securities Co. Ltd. bought a new stake in shares of Toast during the 4th quarter worth $35,000. Finally, Wingate Wealth Advisors Inc. acquired a new stake in Toast in the fourth quarter valued at about $40,000. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on TOST shares. BMO Capital Markets upped their price objective on shares of Toast from $46.00 to $48.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Wells Fargo & Company upped their price target on shares of Toast from $25.00 to $30.00 and gave the stock an “underweight” rating in a report on Thursday, January 16th. Canaccord Genuity Group raised their price objective on Toast from $43.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, February 20th. DA Davidson restated a “neutral” rating and set a $38.00 price objective (down previously from $44.00) on shares of Toast in a research report on Thursday, December 5th. Finally, Keefe, Bruyette & Woods increased their target price on Toast from $40.00 to $42.00 and gave the company a “market perform” rating in a research 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 given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $40.48.

Toast Trading Down 3.8 %

Toast stock opened at $33.40 on Tuesday. The firm has a market capitalization of $16.50 billion, a price-to-earnings ratio of -3,336.66, a price-to-earnings-growth ratio of 2.16 and a beta of 1.99. The firm’s fifty day moving average price is $38.36 and its two-hundred day moving average price is $34.44. Toast, Inc. has a 1-year low of $21.32 and a 1-year high of $44.12.

Toast (NYSE:TOST) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.32 billion. Toast had a net margin of 0.40% and a return on equity of 1.54%. On average, research analysts forecast that Toast, Inc. will post 0.39 EPS for the current year.

Insider Transactions at Toast

In other news, General Counsel Brian R. Elworthy sold 653 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total value of $25,878.39. Following the completion of the sale, the general counsel now owns 209,206 shares in the company, valued at $8,290,833.78. This represents a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Christopher P. Comparato sold 145,000 shares of the firm’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 transaction, the director now directly owns 182,451 shares in the company, valued at $6,575,534.04. The trade was a 44.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 149,779 shares of company stock valued at $5,415,192 over the last ninety days. 13.32% of the stock is currently owned by insiders.

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.