11,351 Shares in Toast, Inc. (NYSE:TOST) Purchased by Stevens Capital Management LP

Stevens Capital Management LP purchased a new position in Toast, Inc. (NYSE:TOST) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,351 shares of the company’s stock, valued at approximately $207,000.

Several other hedge funds have also recently added to or reduced their stakes in TOST. Baystate Wealth Management LLC acquired a new position in Toast in the third quarter worth about $29,000. BluePath Capital Management LLC acquired a new position in Toast in the third quarter worth about $30,000. SRS Capital Advisors Inc. acquired a new position in Toast in the third quarter worth about $33,000. Larson Financial Group LLC raised its position in Toast by 8,181.8% in the third quarter. Larson Financial Group LLC now owns 1,822 shares of the company’s stock worth $34,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Spire Wealth Management raised its position in Toast by 481.6% in the third quarter. Spire Wealth Management now owns 1,838 shares of the company’s stock worth $34,000 after purchasing an additional 1,522 shares in the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TOST. Wells Fargo & Company upped their price objective on shares of Toast from $15.00 to $17.00 and gave the stock an “underweight” rating in a research note on Friday, April 12th. Keefe, Bruyette & Woods began coverage on shares of Toast in a research note on Tuesday, April 9th. They issued a “market perform” rating and a $25.00 price objective on the stock. Redburn Atlantic raised shares of Toast from a “neutral” rating to a “buy” rating and set a $28.00 price objective on the stock in a research note on Wednesday, February 7th. The Goldman Sachs Group raised their price objective on shares of Toast from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Monday, April 15th. Finally, BNP Paribas upgraded shares of Toast from a “neutral” rating to an “outperform” rating and set a $30.00 target price on the stock in a report on Thursday, March 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $24.32.

Toast Price Performance

TOST stock traded up $0.79 during midday trading on Friday, hitting $23.91. The company’s stock had a trading volume of 6,396,283 shares, compared to its average volume of 8,090,827. Toast, Inc. has a twelve month low of $13.77 and a twelve month high of $27.00. The company’s fifty day moving average price is $23.33 and its 200 day moving average price is $19.19. The stock has a market capitalization of $10.79 billion, a P/E ratio of -45.32 and a beta of 1.79.

Toast (NYSE:TOST) last issued its quarterly earnings results on Thursday, February 15th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the business earned ($0.19) EPS. The company’s revenue was up 34.7% compared to the same quarter last year. Equities analysts expect that Toast, Inc. will post -0.22 EPS for the current fiscal year.

Insider Buying and Selling at Toast

In other news, CEO Aman Narang sold 2,471 shares of Toast stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $23.40, for a total value of $57,821.40. Following the completion of the transaction, the chief executive officer now owns 1,114,454 shares of the company’s stock, valued at approximately $26,078,223.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Aman Narang sold 2,471 shares of Toast stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $23.40, for a total transaction of $57,821.40. Following the completion of the sale, the chief executive officer now owns 1,114,454 shares of the company’s stock, valued at approximately $26,078,223.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Brian R. Elworthy sold 224,900 shares of Toast stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $18.37, for a total transaction of $4,131,413.00. Following the sale, the general counsel now directly owns 160,340 shares of the company’s stock, valued at approximately $2,945,445.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 414,486 shares of company stock worth $8,662,487. Insiders own 13.70% of the company’s stock.

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.