Yeomans Consulting Group Inc. Acquires New Holdings in Toast, Inc. (NYSE:TOST)

Yeomans Consulting Group Inc. bought a new position in shares of Toast, Inc. (NYSE:TOST) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 7,386 shares of the company’s stock, valued at approximately $269,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Mirador Capital Partners LP boosted its holdings in shares of Toast by 0.9% during the 4th quarter. Mirador Capital Partners LP now owns 41,938 shares of the company’s stock worth $1,529,000 after buying an additional 360 shares during the period. D.A. Davidson & CO. lifted its position in Toast by 1.9% during the 3rd quarter. D.A. Davidson & CO. now owns 22,100 shares of the company’s stock worth $626,000 after acquiring an additional 409 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Toast by 1.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 35,968 shares of the company’s stock valued at $927,000 after acquiring an additional 421 shares during the period. Private Advisor Group LLC grew its position in shares of Toast by 1.6% in the third quarter. Private Advisor Group LLC now owns 28,151 shares of the company’s stock valued at $797,000 after purchasing an additional 441 shares during the last quarter. Finally, CIBC Asset Management Inc increased its stake in shares of Toast by 3.7% in the third quarter. CIBC Asset Management Inc now owns 12,614 shares of the company’s stock worth $357,000 after purchasing an additional 448 shares during the period. Institutional investors and hedge funds own 82.91% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on TOST shares. Wedbush increased their target price on Toast from $35.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Toast from $24.00 to $30.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. BNP Paribas lowered shares of Toast from an “outperform” rating to a “neutral” rating and set a $37.00 target price on the stock. in a research report on Wednesday, November 20th. DA Davidson reissued a “neutral” rating and issued a $38.00 price target (down from $44.00) on shares of Toast in a report on Thursday, December 5th. Finally, JPMorgan Chase & Co. raised their price target on shares of Toast from $28.00 to $36.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $35.27.

Toast Stock Performance

Shares of NYSE:TOST opened at $39.99 on Friday. The company’s fifty day moving average is $38.87 and its 200-day moving average is $31.25. Toast, Inc. has a 52 week low of $16.13 and a 52 week high of $44.12. The company has a market capitalization of $18.84 billion, a PE ratio of -307.62, a P/E/G ratio of 2.05 and a beta of 1.97.

Toast (NYSE:TOST) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.06. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations 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 firm earned ($0.09) earnings per share. On average, analysts forecast that Toast, Inc. will post 0.03 EPS for the current year.

Insider Buying and Selling

In related news, Director Richard Kent Bennett sold 100,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $36.67, for a total transaction of $3,667,000.00. Following the transaction, the director now owns 418,591 shares in the company, valued at $15,349,731.97. This represents a 19.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David Yuan sold 189,785 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $43.01, for a total transaction of $8,162,652.85. Following the completion of the sale, the director now owns 198,829 shares of the company’s stock, valued at $8,551,635.29. The trade was a 48.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 562,600 shares of company stock worth $21,823,932 in the last three months. Insiders own 13.32% of the company’s stock.

Toast 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.