Lewis Asset Management LLC Has $1.34 Million Stake in Toast, Inc. (NYSE:TOST)

Lewis Asset Management LLC decreased its holdings in shares of Toast, Inc. (NYSE:TOST) by 9.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 36,662 shares of the company’s stock after selling 4,017 shares during the period. Toast accounts for approximately 1.0% of Lewis Asset Management LLC’s portfolio, making the stock its 21st biggest position. Lewis Asset Management LLC’s holdings in Toast were worth $1,336,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in TOST. American Century Companies Inc. boosted its holdings in Toast by 25.5% during the second quarter. American Century Companies Inc. now owns 27,844 shares of the company’s stock worth $718,000 after purchasing an additional 5,651 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Toast by 6.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,161,572 shares of the company’s stock worth $29,933,000 after purchasing an additional 68,875 shares during the last quarter. MBB Public Markets I LLC acquired a new position in Toast during the second quarter worth $639,000. The Manufacturers Life Insurance Company boosted its holdings in Toast by 9.1% during the second quarter. The Manufacturers Life Insurance Company now owns 97,883 shares of the company’s stock worth $2,522,000 after purchasing an additional 8,186 shares during the last quarter. Finally, Ascent Group LLC acquired a new position in Toast during the second quarter worth $333,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Toast Stock Up 0.2 %

NYSE:TOST opened at $40.03 on Thursday. Toast, Inc. has a 52 week low of $17.65 and a 52 week high of $44.12. The firm’s 50-day simple moving average is $38.71 and its 200 day simple moving average is $31.77.

Toast (NYSE:TOST) last announced its quarterly earnings data 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 firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. Toast had a negative net margin of 1.05% and a negative return on equity of 3.84%. During the same period in the prior year, the company posted ($0.09) earnings per share. Research analysts expect that Toast, Inc. will post 0.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Christopher P. Comparato sold 145,000 shares of the firm’s stock in a transaction that occurred 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 directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CRO Jonathan Vassil sold 1,367 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $31.08, for a total transaction of $42,486.36. Following the completion of the sale, the executive now owns 39,834 shares in the company, valued at approximately $1,238,040.72. The trade was a 3.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 562,600 shares of company stock worth $21,823,932 over the last ninety days. Corporate insiders own 13.32% of the company’s stock.

Analysts Set New Price Targets

TOST has been the subject of a number of recent analyst reports. BMO Capital Markets initiated coverage on shares of Toast in a research note on Monday, January 6th. They issued an “outperform” rating and a $45.00 price target for the company. Morgan Stanley increased their price target on shares of Toast from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Stephens increased their price target on shares of Toast from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Keefe, Bruyette & Woods increased their price target on shares of Toast from $29.00 to $40.00 and gave the company a “market perform” rating in a research note on Monday, December 9th. Finally, The Goldman Sachs Group cut their price target on shares of Toast from $45.00 to $40.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $35.74.

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.