Toast, Inc. (NYSE:TOST) Shares Acquired by Orion Capital Management LLC

Orion Capital Management LLC increased its stake in Toast, Inc. (NYSE:TOST) by 22.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,350 shares of the company’s stock after acquiring an additional 800 shares during the period. Orion Capital Management LLC’s holdings in Toast were worth $79,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Triumph Capital Management lifted its position in Toast by 21.8% during the fourth quarter. Triumph Capital Management now owns 16,655 shares of the company’s stock valued at $304,000 after buying an additional 2,980 shares in the last quarter. Choreo LLC acquired a new position in Toast during the fourth quarter valued at approximately $1,015,000. Terril Brothers Inc. lifted its position in Toast by 60.0% during the fourth quarter. Terril Brothers Inc. now owns 148,875 shares of the company’s stock valued at $2,718,000 after buying an additional 55,800 shares in the last quarter. Motley Fool Asset Management LLC acquired a new position in Toast during the fourth quarter valued at approximately $2,483,000. Finally, Wisconsin Capital Management LLC lifted its position in Toast by 45.7% during the fourth quarter. Wisconsin Capital Management LLC now owns 170,077 shares of the company’s stock valued at $3,106,000 after buying an additional 53,375 shares in the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Redburn Atlantic raised shares of Toast from a “neutral” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Wednesday, February 7th. UBS Group boosted their target price on shares of Toast from $22.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Wells Fargo & Company boosted their target price on shares of Toast from $15.00 to $17.00 and gave the stock an “underweight” rating in a research report on Friday, April 12th. BNP Paribas raised shares of Toast from a “neutral” rating to an “outperform” rating and set a $30.00 target price on the stock in a research report on Thursday, March 7th. Finally, Keefe, Bruyette & Woods assumed coverage on shares of Toast in a research report on Tuesday, April 9th. They set a “market perform” rating and a $25.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Toast presently has an average rating of “Hold” and an average price target of $24.32.

Insider Activity

In other news, insider James Michael Matlock sold 5,804 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $18.72, for a total transaction of $108,650.88. Following the completion of the transaction, the insider now owns 43,884 shares of the company’s stock, valued at $821,508.48. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider James Michael Matlock sold 5,804 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $18.72, for a total transaction of $108,650.88. Following the completion of the transaction, the insider now owns 43,884 shares of the company’s stock, valued at $821,508.48. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Aman Narang sold 2,471 shares of the business’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $23.40, for a total transaction of $57,821.40. Following the transaction, the chief executive officer now directly owns 1,114,454 shares of the company’s stock, valued at approximately $26,078,223.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 189,586 shares of company stock valued at $4,531,074. 13.70% of the stock is currently owned by company insiders.

Toast Trading Down 2.7 %

TOST stock opened at $23.00 on Thursday. Toast, Inc. has a 1-year low of $13.77 and a 1-year high of $27.00. The firm has a fifty day moving average price of $23.47 and a two-hundred day moving average price of $19.36.

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

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.