Toast, Inc. (NYSE:TOST) Shares Acquired by Entropy Technologies LP

Entropy Technologies LP grew its holdings in Toast, Inc. (NYSE:TOST) by 182.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 89,229 shares of the company’s stock after acquiring an additional 57,633 shares during the quarter. Entropy Technologies LP’s holdings in Toast were worth $3,252,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TOST. Truist Financial Corp purchased a new position in shares of Toast in the second quarter worth about $618,000. Atomi Financial Group Inc. purchased a new position in shares of Toast in the third quarter worth about $330,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Toast in the third quarter worth about $82,000. Wynn Capital LLC raised its stake in shares of Toast by 23.4% in the third quarter. Wynn Capital LLC now owns 12,700 shares of the company’s stock worth $360,000 after purchasing an additional 2,405 shares during the last quarter. Finally, Cascade Investment Group Inc. raised its position in Toast by 7.9% during the third quarter. Cascade Investment Group Inc. now owns 10,531 shares of the company’s stock valued at $298,000 after acquiring an additional 772 shares in the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Keefe, Bruyette & Woods lifted their price target on Toast from $29.00 to $40.00 and gave the company a “market perform” rating in a research report on Monday, December 9th. Morgan Stanley lifted their price target on Toast from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. 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. DA Davidson reiterated a “neutral” rating and set a $38.00 price target (down from $44.00) on shares of Toast in a research report on Thursday, December 5th. Finally, BMO Capital Markets assumed coverage on Toast in a research report on Monday, January 6th. They set an “outperform” rating and a $45.00 price target for the company. 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $36.09.

Insiders Place Their Bets

In related news, General Counsel Brian R. Elworthy sold 653 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total transaction of $25,878.39. Following the completion of the sale, the general counsel now directly owns 209,206 shares of the company’s stock, valued at approximately $8,290,833.78. This trade represents a 0.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Stephen Fredette sold 1,068 shares of the company’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 $42,324.84. Following the completion of the transaction, the president now directly owns 1,644,656 shares in the company, valued at $65,177,717.28. The trade was a 0.06 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 462,449 shares of company stock valued at $18,205,099. Insiders own 13.32% of the company’s stock.

Toast Stock Down 1.8 %

Shares of NYSE:TOST opened at $41.21 on Friday. The business’s 50 day moving average price is $38.39 and its 200-day moving average price is $32.41. Toast, Inc. has a 1 year low of $18.47 and a 1 year high of $44.12.

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