Generali Investments Towarzystwo Funduszy Inwestycyjnych Trims Position in Toast, Inc. (NYSE:TOST)

Generali Investments Towarzystwo Funduszy Inwestycyjnych lessened its stake in Toast, Inc. (NYSE:TOST) by 13.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,000 shares of the company’s stock after selling 6,000 shares during the period. Generali Investments Towarzystwo Funduszy Inwestycyjnych’s holdings in Toast were worth $1,422,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. QRG Capital Management Inc. increased its stake in Toast by 4.0% in the 4th quarter. QRG Capital Management Inc. now owns 97,435 shares of the company’s stock worth $3,551,000 after buying an additional 3,771 shares during the period. Oppenheimer & Co. Inc. increased its stake in Toast by 196.5% in the 4th quarter. Oppenheimer & Co. Inc. now owns 41,597 shares of the company’s stock worth $1,516,000 after buying an additional 27,567 shares during the period. New York Life Investment Management LLC purchased a new position in Toast in the 4th quarter worth about $1,572,000. Canton Hathaway LLC increased its stake in Toast by 107.1% in the 4th quarter. Canton Hathaway LLC now owns 3,090 shares of the company’s stock worth $113,000 after buying an additional 1,598 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new position in Toast in the 4th quarter worth about $16,521,000. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Toast Stock Down 0.2 %

TOST stock opened at $37.57 on Friday. The firm has a 50 day moving average of $38.55 and a 200 day moving average of $33.79. The stock has a market capitalization of $17.69 billion, a PE ratio of -3,752.75, a price-to-earnings-growth ratio of 2.16 and a beta of 1.98. Toast, Inc. has a 52 week low of $21.32 and a 52 week high of $44.12.

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

Analyst Ratings Changes

A number of research analysts have commented on the stock. Oppenheimer assumed coverage on shares of Toast in a research report on Friday, January 24th. They set an “outperform” rating and a $46.00 target price on the stock. The Goldman Sachs Group set a $40.00 target price on shares of Toast and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Wedbush raised their target price on shares of Toast from $35.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Robert W. Baird raised their target price on shares of Toast from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. Finally, Keefe, Bruyette & Woods raised their target price on shares of 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 issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $40.09.

Insider Buying and Selling at Toast

In other Toast news, General Counsel Brian R. Elworthy sold 653 shares of Toast stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total transaction of $25,878.39. Following the completion of the sale, the general counsel now directly owns 209,206 shares in the company, valued at approximately $8,290,833.78. The trade was a 0.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Christopher P. Comparato sold 145,000 shares of Toast stock in a transaction that occurred on 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 owns 182,451 shares of the company’s stock, valued at approximately $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. In the last ninety days, insiders sold 149,779 shares of company stock worth $5,415,192. Company insiders own 13.32% of the company’s stock.

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.