California State Teachers Retirement System Sells 4,205 Shares of Toast, Inc. (NYSE:TOST)

California State Teachers Retirement System reduced its position in Toast, Inc. (NYSE:TOSTFree Report) by 0.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 471,570 shares of the company’s stock after selling 4,205 shares during the quarter. California State Teachers Retirement System owned approximately 0.11% of Toast worth $8,611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in TOST. Principal Securities Inc. purchased a new stake in Toast in the 4th quarter worth about $30,000. Cape Investment Advisory Inc. purchased a new position in shares of Toast in the fourth quarter worth about $31,000. SRS Capital Advisors Inc. bought a new stake in shares of Toast in the third quarter valued at approximately $33,000. Spire Wealth Management lifted its stake in shares of Toast by 481.6% during the 3rd quarter. Spire Wealth Management now owns 1,838 shares of the company’s stock valued at $34,000 after buying an additional 1,522 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in Toast in the 3rd quarter worth approximately $37,000. 82.91% of the stock is currently owned by institutional investors.

Insider Activity at Toast

In other Toast news, CFO Elena Gomez sold 12,500 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $26.39, for a total value of $329,875.00. Following the completion of the sale, the chief financial officer now directly owns 176,980 shares of the company’s stock, valued at $4,670,502.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Toast news, CFO Elena Gomez sold 12,500 shares of Toast stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $26.39, for a total value of $329,875.00. Following the transaction, the chief financial officer now directly owns 176,980 shares of the company’s stock, valued at approximately $4,670,502.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Jonathan Vassil sold 100,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $25.24, for a total value of $2,524,000.00. Following the sale, the executive now directly owns 22,956 shares of the company’s stock, valued at approximately $579,409.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 243,010 shares of company stock valued at $6,001,260. Insiders own 13.32% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on TOST. Royal Bank of Canada boosted their target price on shares of Toast from $23.00 to $27.00 and gave the company a “sector perform” rating in a report on Wednesday, May 8th. Evercore ISI initiated coverage on Toast in a research note on Monday, March 4th. They set an “outperform” rating and a $32.00 price objective on the stock. Canaccord Genuity Group raised their target price on Toast from $22.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. The Goldman Sachs Group lifted their target price on Toast from $26.00 to $29.00 and gave the company a “buy” rating in a report on Monday, April 15th. Finally, Piper Sandler increased their price target on shares of Toast from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $26.14.

Check Out Our Latest Stock Report on TOST

Toast Trading Down 2.7 %

Shares of Toast stock opened at $22.02 on Friday. The firm has a market capitalization of $9.98 billion, a PE ratio of -44.04 and a beta of 1.75. Toast, Inc. has a 12 month low of $13.77 and a 12 month high of $27.90. The business’s 50-day moving average price is $24.19 and its 200-day moving average price is $21.06.

Toast (NYSE:TOSTGet Free Report) last issued its earnings results on Tuesday, May 7th. The company reported ($0.15) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.15). The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.04 billion. Toast had a negative return on equity of 21.45% and a negative net margin of 6.02%. Toast’s revenue for the quarter was up 31.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.16) earnings per share. As a group, analysts predict that Toast, Inc. will post -0.13 earnings per share for the current fiscal year.

Toast Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding TOST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Toast, Inc. (NYSE:TOSTFree Report).

Institutional Ownership by Quarter for Toast (NYSE:TOST)

Receive News & Ratings for Toast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toast and related companies with MarketBeat.com's FREE daily email newsletter.