Silvercrest Asset Management Group LLC Has $1.17 Million Stock Position in Toast, Inc. (NYSE:TOST)

Silvercrest Asset Management Group LLC grew its stake in shares of Toast, Inc. (NYSE:TOST) by 5.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,145 shares of the company’s stock after acquiring an additional 1,700 shares during the period. Silvercrest Asset Management Group LLC’s holdings in Toast were worth $1,172,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Redwood Investment Management LLC acquired a new stake in shares of Toast during the fourth quarter worth $466,000. Polar Capital Holdings Plc bought a new position in Toast during the fourth quarter worth about $31,155,000. Quantinno Capital Management LP acquired a new stake in Toast in the 4th quarter worth about $311,000. Man Group plc raised its stake in Toast by 46.7% in the 4th quarter. Man Group plc now owns 813,005 shares of the company’s stock worth $29,634,000 after purchasing an additional 258,677 shares in the last quarter. Finally, Nia Impact Advisors LLC boosted its holdings in Toast by 4.2% in the 4th quarter. Nia Impact Advisors LLC now owns 68,056 shares of the company’s stock valued at $2,481,000 after purchasing an additional 2,732 shares during the period. Institutional investors own 82.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Royal Bank of Canada raised their target price on shares of Toast from $40.00 to $45.00 and gave the stock a “sector perform” rating in a report on Thursday, February 20th. Robert W. Baird raised their price objective on Toast from $38.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. BMO Capital Markets upped their target price on Toast from $44.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, May 12th. Canaccord Genuity Group boosted their price target on Toast from $43.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Finally, DA Davidson reduced their price objective on shares of Toast from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 30th. Thirteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $40.91.

Toast Trading Down 0.9%

Shares of TOST stock opened at $44.29 on Wednesday. The firm has a market capitalization of $22.06 billion, a price-to-earnings ratio of -4,424.58, a PEG ratio of 2.16 and a beta of 1.98. The business’s 50-day moving average price is $35.99 and its 200-day moving average price is $37.55. Toast, Inc. has a 12 month low of $21.32 and a 12 month high of $45.56.

Toast (NYSE:TOST) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Toast had a net margin of 0.40% and a return on equity of 1.54%. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.32 billion. On average, sell-side analysts predict that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Toast news, Director Paul D. Bell sold 11,000 shares of Toast stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $45.13, for a total transaction of $496,430.00. Following the transaction, the director now directly owns 229,680 shares of the company’s stock, valued at approximately $10,365,458.40. The trade was a 4.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Stephen Fredette sold 70,340 shares of the company’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $33.87, for a total value of $2,382,415.80. Following the completion of the sale, the president now owns 1,574,316 shares in the company, valued at $53,322,082.92. This trade represents a 4.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 416,991 shares of company stock valued at $15,242,750 in the last ninety days. 13.32% of the stock is currently owned by insiders.

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.