Toast, Inc. (NYSE:TOST) Shares Purchased by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co raised its holdings in Toast, Inc. (NYSE:TOST) by 20.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 38,893 shares of the company’s stock after purchasing an additional 6,702 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Toast were worth $1,418,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Toast by 20.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 361,512 shares of the company’s stock valued at $13,593,000 after buying an additional 62,421 shares in the last quarter. Korea Investment CORP boosted its position in shares of Toast by 2,350.0% during the 4th quarter. Korea Investment CORP now owns 236,868 shares of the company’s stock worth $8,634,000 after purchasing an additional 227,200 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Toast by 15.1% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 185,105 shares of the company’s stock worth $6,747,000 after purchasing an additional 24,258 shares in the last quarter. Zevenbergen Capital Investments LLC grew its stake in shares of Toast by 4.6% during the 4th quarter. Zevenbergen Capital Investments LLC now owns 2,202,735 shares of the company’s stock worth $80,290,000 after purchasing an additional 96,821 shares during the period. Finally, Prudential Financial Inc. increased its holdings in shares of Toast by 72.9% in the 4th quarter. Prudential Financial Inc. now owns 29,500 shares of the company’s stock valued at $1,075,000 after purchasing an additional 12,440 shares in the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on TOST shares. Needham & Company LLC reissued a “buy” rating and set a $50.00 price objective on shares of Toast in a report on Thursday, February 20th. The Goldman Sachs Group set a $40.00 price target on Toast and gave the stock a “neutral” rating in a report on Wednesday, February 19th. BNP Paribas set a $37.00 price objective on Toast and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Wells Fargo & Company boosted their target price on Toast from $25.00 to $30.00 and gave the stock an “underweight” rating in a research report on Thursday, January 16th. Finally, BMO Capital Markets raised their price target on Toast from $46.00 to $48.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Toast has an average rating of “Hold” and a consensus target price of $40.48.

Toast Stock Down 5.2 %

Shares of Toast stock opened at $33.53 on Friday. Toast, Inc. has a fifty-two week low of $21.32 and a fifty-two week high of $44.12. The business’s fifty day moving average is $37.72 and its two-hundred day moving average is $35.48. The firm has a market cap of $16.56 billion, a PE ratio of -3,349.25, a P/E/G ratio of 2.16 and a beta of 1.99.

Toast (NYSE:TOST) last released its earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Toast had a return on equity of 1.54% and a net margin of 0.40%. Equities research analysts anticipate that Toast, Inc. will post 0.39 EPS for the current year.

Insider Buying and Selling

In related news, Director Christopher P. Comparato sold 70,000 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $35.71, for a total value of $2,499,700.00. Following the transaction, the director now directly owns 164,796 shares of the company’s stock, valued at approximately $5,884,865.16. This trade represents a 29.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Brian R. Elworthy sold 653 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total value of $25,878.39. Following the sale, the general counsel now directly owns 209,206 shares of the company’s stock, valued at approximately $8,290,833.78. This trade represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 270,770 shares of company stock valued at $9,409,211. Insiders own 13.32% of the company’s stock.

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.