D.A. Davidson & CO. Buys 11,493 Shares of Toast, Inc. (NYSE:TOST)

D.A. Davidson & CO. boosted its position in Toast, Inc. (NYSE:TOST) by 52.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 33,593 shares of the company’s stock after acquiring an additional 11,493 shares during the period. D.A. Davidson & CO.’s holdings in Toast were worth $1,224,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TOST. Makena Capital Management LLC raised its stake in Toast by 7.6% in the third quarter. Makena Capital Management LLC now owns 274,392 shares of the company’s stock valued at $7,768,000 after buying an additional 19,371 shares during the last quarter. KBC Group NV raised its position in Toast by 66.5% during the 3rd quarter. KBC Group NV now owns 42,838 shares of the company’s stock worth $1,213,000 after buying an additional 17,106 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Toast by 2.3% during the third quarter. Geode Capital Management LLC now owns 6,865,934 shares of the company’s stock worth $193,992,000 after purchasing an additional 155,212 shares during the last quarter. MML Investors Services LLC lifted its holdings 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 valued at $6,464,000 after buying an additional 65,957 shares during the period. Finally, Qsemble Capital Management LP lifted its holdings in Toast by 52.1% in the third quarter. Qsemble Capital Management LP now owns 67,796 shares of the company’s stock valued at $1,919,000 after acquiring an additional 23,231 shares during the period. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Insiders Place Their Bets

In other news, General Counsel Brian R. Elworthy sold 653 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total transaction of $25,878.39. Following the sale, the general counsel now owns 209,206 shares of the company’s stock, valued at $8,290,833.78. The trade was a 0.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Elena Gomez sold 2,052 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total value of $81,320.76. Following the completion of the transaction, the chief financial officer now owns 160,498 shares of the company’s stock, valued at approximately $6,360,535.74. This represents a 1.26 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 149,779 shares of company stock worth $5,415,192. 13.32% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on TOST. The Goldman Sachs Group set a $40.00 price objective on Toast and gave the company a “neutral” rating in a research report on Wednesday. UBS Group increased their price target on shares of Toast from $41.00 to $47.00 and gave the company a “buy” rating in a research note on Thursday. Morgan Stanley raised their price objective on Toast from $46.00 to $50.00 and gave the stock an “overweight” rating in a research report on Thursday. Compass Point assumed coverage on Toast in a research note on Wednesday, November 20th. They issued a “buy” rating and a $49.00 price objective for the company. Finally, BMO Capital Markets boosted their target price on Toast from $46.00 to $48.00 and gave the stock an “outperform” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $40.09.

Toast Stock Down 6.4 %

TOST opened at $37.68 on Monday. The firm has a market cap of $17.75 billion, a price-to-earnings ratio of -3,764.44, a price-to-earnings-growth ratio of 2.16 and a beta of 1.98. Toast, Inc. has a 52 week low of $20.57 and a 52 week high of $44.12. The business’s 50 day moving average is $38.60 and its two-hundred day moving average is $33.58.

Toast (NYSE:TOST) last released its quarterly earnings results 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 return on equity of 1.54% and a net margin of 0.40%. The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Equities analysts expect that Toast, Inc. will post 0.39 EPS for the current fiscal year.

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.