Chicago Partners Investment Group LLC Sells 8,126 Shares of Toast, Inc. (NYSE:TOST)

Chicago Partners Investment Group LLC trimmed its holdings in shares of Toast, Inc. (NYSE:TOST) by 21.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,156 shares of the company’s stock after selling 8,126 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Toast were worth $853,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. West Branch Capital LLC purchased a new stake in Toast during the second quarter valued at approximately $26,000. LRI Investments LLC bought a new stake in Toast in the first quarter worth $27,000. Toth Financial Advisory Corp purchased a new position in Toast during the third quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Toast during the second quarter valued at $33,000. Finally, 1620 Investment Advisors Inc. purchased a new stake in shares of Toast in the second quarter valued at $34,000. Institutional investors own 82.91% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on TOST shares. DA Davidson lifted their price target on shares of Toast from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Needham & Company LLC restated a “buy” rating and set a $30.00 target price on shares of Toast in a research report on Wednesday, August 7th. JPMorgan Chase & Co. increased their price target on Toast from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. Bank of America boosted their price objective on Toast from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. Finally, The Goldman Sachs Group increased their target price on Toast from $29.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $29.26.

Insider Buying and Selling at Toast

In other news, President Stephen Fredette sold 211,686 shares of Toast stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $23.57, for a total value of $4,989,439.02. Following the transaction, the president now owns 2,638,023 shares of the company’s stock, valued at $62,178,202.11. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Christopher P. Comparato sold 100,000 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $24.35, for a total transaction of $2,435,000.00. Following the sale, the director now owns 120,107 shares in the company, valued at approximately $2,924,605.45. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Stephen Fredette sold 211,686 shares of Toast stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $23.57, for a total transaction of $4,989,439.02. Following the completion of the sale, the president now owns 2,638,023 shares of the company’s stock, valued at $62,178,202.11. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,370,721 shares of company stock valued at $37,996,988. 13.32% of the stock is currently owned by insiders.

Toast Stock Up 3.2 %

Shares of NYSE:TOST opened at $30.98 on Monday. The firm has a 50 day moving average of $27.37 and a 200 day moving average of $25.65. The company has a market capitalization of $14.28 billion, a price-to-earnings ratio of -106.83 and a beta of 1.74. Toast, Inc. has a 52 week low of $13.77 and a 52 week high of $31.57.

Toast (NYSE:TOST) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.04. Toast had a negative return on equity of 11.27% and a negative net margin of 3.10%. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the company posted ($0.19) EPS. The business’s revenue for the quarter was up 27.0% compared to the same quarter last year. On average, sell-side analysts expect that Toast, Inc. will post -0.1 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.