American Capital Advisory LLC Grows Stock Holdings in Toast, Inc. (NYSE:TOST)

American Capital Advisory LLC lifted its stake in shares of Toast, Inc. (NYSE:TOST) by 2,420.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,407 shares of the company’s stock after acquiring an additional 12,875 shares during the quarter. American Capital Advisory LLC’s holdings in Toast were worth $489,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Toast by 0.8% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 38,632 shares of the company’s stock worth $1,408,000 after purchasing an additional 301 shares during the period. Mirador Capital Partners LP grew its position in shares of Toast by 0.9% during the 4th quarter. Mirador Capital Partners LP now owns 41,938 shares of the company’s stock worth $1,529,000 after buying an additional 360 shares in the last quarter. Blue Trust Inc. increased its stake in shares of 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 buying an additional 378 shares during the period. D.A. Davidson & CO. increased its stake in shares of Toast by 1.9% during the third quarter. D.A. Davidson & CO. now owns 22,100 shares of the company’s stock valued at $626,000 after buying an additional 409 shares during the period. Finally, Private Advisor Group LLC raised its holdings in shares of Toast by 1.6% in the third quarter. Private Advisor Group LLC now owns 28,151 shares of the company’s stock valued at $797,000 after acquiring an additional 441 shares in the last quarter. Institutional investors own 82.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on TOST shares. DA Davidson reiterated a “neutral” rating and set a $38.00 target price (down from $44.00) on shares of Toast in a report on Thursday, December 5th. Robert W. Baird lifted their price objective on shares of Toast from $30.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, November 8th. BMO Capital Markets began coverage on shares of Toast in a research note on Monday, January 6th. They issued an “outperform” rating and a $45.00 price objective for the company. Morgan Stanley increased their target price on Toast from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Finally, Stephens boosted their price target on Toast from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Toast has an average rating of “Hold” and a consensus price target of $36.09.

Insider Activity at Toast

In other Toast news, Director Richard Kent Bennett sold 100,000 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $36.67, for a total transaction of $3,667,000.00. Following the sale, the director now directly owns 418,591 shares of the company’s stock, valued at approximately $15,349,731.97. This trade represents a 19.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David Yuan sold 189,785 shares of Toast stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $43.01, for a total value of $8,162,652.85. Following the transaction, the director now owns 198,829 shares of the company’s stock, valued at $8,551,635.29. The trade was a 48.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 462,449 shares of company stock worth $18,205,099 over the last quarter. Insiders own 13.32% of the company’s stock.

Toast Price Performance

Shares of TOST opened at $41.21 on Friday. The company’s fifty day moving average price is $38.43 and its 200-day moving average price is $32.31. Toast, Inc. has a 1-year low of $18.47 and a 1-year high of $44.12.

Toast (NYSE:TOST) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. Toast had a negative return on equity of 3.84% and a negative net margin of 1.05%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the company earned ($0.09) earnings per share. As a group, equities research analysts predict that Toast, Inc. will post 0.03 EPS for the current fiscal 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.