Diversified Trust Co Cuts Stock Holdings in Toast, Inc. (NYSE:TOST)

Diversified Trust Co reduced its stake in Toast, Inc. (NYSE:TOST) by 3.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 46,493 shares of the company’s stock after selling 1,461 shares during the quarter. Diversified Trust Co’s holdings in Toast were worth $1,159,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Principal Securities Inc. purchased a new stake in shares of Toast during the fourth quarter valued at approximately $30,000. Cape Investment Advisory Inc. bought a new stake in shares of Toast during the 4th quarter worth $31,000. SRS Capital Advisors Inc. purchased a new position in shares of Toast in the 3rd quarter worth about $33,000. Harbor Investment Advisory LLC bought a new position in Toast during the first quarter valued at about $37,000. Finally, Baystate Wealth Management LLC increased its holdings in Toast by 58.2% during the fourth quarter. Baystate Wealth Management LLC now owns 2,435 shares of the company’s stock worth $44,000 after buying an additional 896 shares during the last quarter. 82.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Toast news, CRO Jonathan Vassil sold 50,000 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $22.90, for a total transaction of $1,145,000.00. Following the sale, the executive now owns 25,422 shares in the company, valued at $582,163.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Toast news, CRO Jonathan Vassil sold 50,000 shares of Toast stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $22.90, for a total transaction of $1,145,000.00. Following the transaction, the executive now directly owns 25,422 shares of the company’s stock, valued at $582,163.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider James Michael Matlock sold 4,151 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $23.19, for a total transaction of $96,261.69. Following the completion of the sale, the insider now owns 46,510 shares of the company’s stock, valued at $1,078,566.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 197,449 shares of company stock worth $4,817,383. Corporate insiders own 13.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on TOST shares. Wedbush reissued an “outperform” rating and set a $30.00 target price on shares of Toast in a research report on Thursday, May 30th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $26.00 target price on shares of Toast in a research report on Wednesday, May 29th. Evercore ISI initiated coverage on Toast in a research report on Monday, March 4th. They set an “outperform” rating and a $32.00 price target on the stock. Mizuho lifted their price objective on Toast from $17.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, May 9th. Finally, BNP Paribas raised shares of Toast from a “neutral” rating to an “outperform” rating and set a $30.00 price objective on the stock in a report on Thursday, March 7th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Toast currently has an average rating of “Hold” and a consensus target price of $26.14.

Toast Stock Down 1.2 %

NYSE:TOST opened at $25.46 on Tuesday. Toast, Inc. has a twelve month low of $13.77 and a twelve month high of $27.90. The business’s 50-day moving average price is $24.58 and its two-hundred day moving average price is $22.14.

Toast (NYSE:TOST) last announced its earnings results on Tuesday, May 7th. The company reported ($0.15) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.15). The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.04 billion. Toast had a negative net margin of 6.02% and a negative return on equity of 21.45%. Toast’s revenue for the quarter was up 31.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.16) earnings per share. On average, analysts expect that Toast, Inc. will post -0.14 EPS for the current 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.