Trevian Wealth Management LLC Sells 26,100 Shares of Toast, Inc. (NYSE:TOST)

Trevian Wealth Management LLC lowered its position in shares of Toast, Inc. (NYSE:TOST) by 52.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,277 shares of the company’s stock after selling 26,100 shares during the quarter. Toast makes up about 0.6% of Trevian Wealth Management LLC’s investment portfolio, making the stock its 15th largest position. Trevian Wealth Management LLC’s holdings in Toast were worth $848,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. increased its holdings in Toast by 120.4% in the fourth quarter. Blue Trust Inc. now owns 692 shares of the company’s stock valued at $25,000 after purchasing an additional 378 shares during the last quarter. Piscataqua Savings Bank bought a new stake in Toast in the fourth quarter valued at about $26,000. Toth Financial Advisory Corp bought a new stake in Toast in the third quarter valued at about $28,000. Raleigh Capital Management Inc. grew its stake in Toast by 93.4% in the third quarter. Raleigh Capital Management Inc. now owns 1,491 shares of the company’s stock valued at $42,000 after acquiring an additional 720 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in Toast by 32.3% in the third quarter. Farther Finance Advisors LLC now owns 2,033 shares of the company’s stock valued at $58,000 after acquiring an additional 496 shares during the period. Institutional investors own 82.91% of the company’s stock.

Insider Buying and Selling at Toast

In other news, Director David Yuan sold 189,785 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was 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 in the company, valued at $8,551,635.29. The trade was a 48.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christopher P. Comparato sold 145,000 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $36.04, for a total value of $5,225,800.00. Following the completion of the transaction, the director now owns 182,451 shares in the company, valued at $6,575,534.04. The trade was a 44.28 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 562,600 shares of company stock worth $21,823,932. Insiders own 13.32% of the company’s stock.

Toast Price Performance

TOST stock opened at $40.03 on Thursday. The stock has a 50-day moving average price of $38.71 and a 200-day moving average price of $31.77. Toast, Inc. has a 1-year low of $17.65 and a 1-year high of $44.12.

Toast (NYSE:TOST) last issued its earnings results on Thursday, November 7th. The company reported $0.07 EPS 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 during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the company posted ($0.09) EPS. As a group, equities research analysts forecast that Toast, Inc. will post 0.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

TOST has been the subject of several recent research reports. Piper Sandler upped their price objective on Toast from $25.00 to $35.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Wells Fargo & Company increased their price target on Toast from $25.00 to $30.00 and gave the company an “underweight” rating in a research report on Thursday, January 16th. BNP Paribas cut Toast from an “outperform” rating to a “neutral” rating and set a $37.00 price target for the company. in a research report on Wednesday, November 20th. The Goldman Sachs Group reduced their price target on Toast from $45.00 to $40.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Finally, JPMorgan Chase & Co. increased their price target on Toast from $28.00 to $36.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $35.74.

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.