Westbourne Investment Advisors Inc. Sells 9,128 Shares of Toast, Inc. (NYSE:TOST)

Westbourne Investment Advisors Inc. decreased its stake in shares of Toast, Inc. (NYSE:TOST) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 225,057 shares of the company’s stock after selling 9,128 shares during the quarter. Toast comprises 2.8% of Westbourne Investment Advisors Inc.’s holdings, making the stock its 10th largest position. Westbourne Investment Advisors Inc.’s holdings in Toast were worth $8,203,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in shares of Toast by 120.4% during the 4th quarter. Blue Trust Inc. now owns 692 shares of the company’s stock valued at $25,000 after acquiring an additional 378 shares during the last quarter. Piscataqua Savings Bank acquired a new stake in shares of Toast during the 4th quarter worth approximately $26,000. Toth Financial Advisory Corp purchased a new stake in shares of Toast during the 3rd quarter valued at approximately $28,000. Raleigh Capital Management Inc. increased its stake in Toast by 93.4% during the third quarter. Raleigh Capital Management Inc. now owns 1,491 shares of the company’s stock worth $42,000 after acquiring an additional 720 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position 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 purchasing an additional 496 shares during the period. Institutional investors and hedge funds own 82.91% of the company’s stock.

Insider Buying and Selling at Toast

In related news, CFO Elena Gomez sold 2,052 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total transaction of $81,320.76. Following the sale, the chief financial officer now owns 160,498 shares of the company’s stock, valued at approximately $6,360,535.74. The trade was a 1.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard Kent Bennett sold 100,000 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $36.67, for a total transaction of $3,667,000.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 462,449 shares of company stock valued at $18,205,099. 13.32% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on TOST shares. Robert W. Baird raised their price objective on Toast from $30.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. BMO Capital Markets began coverage on shares of Toast in a report on Monday, January 6th. They issued an “outperform” rating and a $45.00 price objective on the stock. Wedbush boosted their target price on Toast from $35.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. The Goldman Sachs Group lowered 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, Oppenheimer assumed coverage on Toast in a research note on Friday, January 24th. They set an “outperform” rating and a $46.00 target price on the stock. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $36.09.

Toast Trading Down 1.8 %

TOST opened at $41.21 on Friday. Toast, Inc. has a one year low of $18.47 and a one year high of $44.12. The business’s 50-day simple moving average is $38.43 and its 200-day simple moving average is $32.31.

Toast (NYSE:TOST) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the company posted ($0.09) earnings per share. On average, sell-side analysts anticipate that Toast, Inc. will post 0.03 earnings per share 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.