17,384 Shares in Toast, Inc. (NYSE:TOST) Bought by Trust Point Inc.

Trust Point Inc. purchased a new stake in Toast, Inc. (NYSE:TOSTFree Report) during the 4th quarter, HoldingsChannel reports. The firm purchased 17,384 shares of the company’s stock, valued at approximately $634,000.

Other hedge funds have also added to or reduced their stakes in the company. Makena Capital Management LLC boosted its stake in shares of Toast by 7.6% during the 3rd quarter. Makena Capital Management LLC now owns 274,392 shares of the company’s stock valued at $7,768,000 after purchasing an additional 19,371 shares in the last quarter. KBC Group NV boosted its position in Toast by 66.5% during the 3rd quarter. KBC Group NV now owns 42,838 shares of the company’s stock valued at $1,213,000 after acquiring an additional 17,106 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Toast by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 6,865,934 shares of the company’s stock worth $193,992,000 after acquiring an additional 155,212 shares during the period. MML Investors Services LLC raised its position in shares of Toast by 40.6% in the 3rd quarter. MML Investors Services LLC now owns 228,313 shares of the company’s stock worth $6,464,000 after acquiring an additional 65,957 shares in the last quarter. Finally, Qsemble Capital Management LP lifted its stake in shares of Toast by 52.1% in the 3rd quarter. Qsemble Capital Management LP now owns 67,796 shares of the company’s stock valued at $1,919,000 after purchasing an additional 23,231 shares during the period. 82.91% of the stock is owned by hedge funds and other institutional investors.

Toast Trading Down 1.8 %

Shares of TOST opened at $39.30 on Wednesday. The firm has a fifty day simple moving average of $38.49 and a two-hundred day simple moving average of $32.18. The firm has a market cap of $18.51 billion, a PE ratio of -302.32, a P/E/G ratio of 2.18 and a beta of 1.98. Toast, Inc. has a 1-year low of $17.95 and a 1-year high of $44.12.

Toast (NYSE:TOSTGet Free Report) last posted its earnings results on Thursday, November 7th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. The company had revenue of $1.31 billion for 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 quarter in the prior year, the company earned ($0.09) earnings per share. As a group, research analysts forecast that Toast, Inc. will post 0.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TOST has been the topic of several recent research reports. BNP Paribas cut Toast from an “outperform” rating to a “neutral” rating and set a $37.00 price target on the stock. in a research note on Wednesday, November 20th. Wedbush upped their target price on shares of Toast from $35.00 to $45.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Keefe, Bruyette & Woods lifted their price target on shares of Toast from $29.00 to $40.00 and gave the company a “market perform” rating in a research report on Monday, December 9th. Oppenheimer assumed coverage on shares of Toast in a report on Friday, January 24th. They issued an “outperform” rating and a $46.00 price objective on the stock. Finally, Robert W. Baird lifted their target price on shares of Toast from $30.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Toast currently has an average rating of “Hold” and an average price target of $35.74.

View Our Latest Stock Analysis on Toast

Insider Buying and Selling

In other news, Director David Yuan sold 189,785 shares of Toast stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $43.01, for a total transaction of $8,162,652.85. Following the transaction, the director now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard Kent Bennett sold 100,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $36.67, for a total transaction of $3,667,000.00. Following the completion of the sale, the director now directly owns 418,591 shares of the company’s stock, valued at $15,349,731.97. This represents a 19.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 557,670 shares of company stock valued at $21,670,707. 13.32% of the stock is owned by insiders.

Toast Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Toast (NYSE:TOST)

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