Entropy Technologies LP Boosts Stock Position in Toast, Inc. (NYSE:TOST)

Entropy Technologies LP lifted its position in Toast, Inc. (NYSE:TOST) by 182.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 89,229 shares of the company’s stock after buying 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.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. raised its holdings in shares of Toast by 120.4% in the 4th quarter. Blue Trust Inc. now owns 692 shares of the company’s stock valued at $25,000 after buying an additional 378 shares during the period. Piscataqua Savings Bank purchased a new stake in shares of Toast in the 4th quarter valued at $26,000. Toth Financial Advisory Corp acquired a new position in Toast during the 3rd quarter worth $28,000. Raleigh Capital Management Inc. grew its stake in Toast by 93.4% during the 3rd quarter. Raleigh Capital Management Inc. now owns 1,491 shares of the company’s stock worth $42,000 after purchasing an additional 720 shares in the last quarter. Finally, Global Trust Asset Management LLC acquired a new position in Toast during the 4th quarter worth $58,000. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on TOST shares. Deutsche Bank Aktiengesellschaft boosted their target price on Toast from $24.00 to $30.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Compass Point started coverage on Toast in a research note on Wednesday, November 20th. They set a “buy” rating and a $49.00 target price for the company. Piper Sandler boosted their target price on Toast from $25.00 to $35.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Royal Bank of Canada boosted their target price on Toast from $27.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Friday, November 8th. Finally, The Goldman Sachs Group lowered their price objective on Toast from $45.00 to $40.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Toast has a consensus rating of “Hold” and an average target price of $36.09.

Toast Price Performance

Toast stock opened at $41.21 on Friday. The stock has a 50-day simple moving average of $38.39 and a 200-day simple moving average of $32.41. Toast, Inc. has a fifty-two week low of $18.47 and a fifty-two week high of $44.12.

Toast (NYSE:TOST) last issued its 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. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate 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 period in the prior year, the business posted ($0.09) EPS. On average, research analysts anticipate that Toast, Inc. will post 0.03 earnings per share for the current fiscal year.

Insider Transactions at Toast

In other Toast news, President Stephen Fredette sold 1,068 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total transaction of $42,324.84. Following the sale, the president now owns 1,644,656 shares in the company, valued at approximately $65,177,717.28. This represents a 0.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christopher P. Comparato sold 145,000 shares of the stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $36.04, for a total value of $5,225,800.00. Following the sale, the director now owns 182,451 shares in the company, valued at approximately $6,575,534.04. This trade represents a 44.28 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 462,449 shares of company stock valued at $18,205,099. Corporate insiders own 13.32% of the company’s stock.

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.