Silvercrest Asset Management Group LLC Buys 1,700 Shares of Toast, Inc. (NYSE:TOST)

Silvercrest Asset Management Group LLC increased its stake in Toast, Inc. (NYSE:TOST) by 5.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,145 shares of the company’s stock after purchasing an additional 1,700 shares during the period. Silvercrest Asset Management Group LLC’s holdings in Toast were worth $1,172,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership acquired a new position in shares of Toast in the 4th quarter valued at $282,010,000. Norges Bank bought a new stake in Toast in the fourth quarter valued at about $205,888,000. FMR LLC boosted its holdings in Toast by 22.1% during the fourth quarter. FMR LLC now owns 29,853,639 shares of the company’s stock worth $1,088,165,000 after buying an additional 5,403,896 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Toast by 10.8% during the fourth quarter. Vanguard Group Inc. now owns 42,474,232 shares of the company’s stock worth $1,548,186,000 after buying an additional 4,147,430 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Toast by 255.0% during the 4th quarter. Renaissance Technologies LLC now owns 3,504,212 shares of the company’s stock worth $127,729,000 after buying an additional 2,517,012 shares during the period. Institutional investors own 82.91% of the company’s stock.

Insider Buying and Selling at Toast

In related news, Director Paul D. Bell sold 11,000 shares of the business’s stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $45.13, for a total transaction of $496,430.00. Following the transaction, the director now directly owns 229,680 shares of the company’s stock, valued at approximately $10,365,458.40. The trade was a 4.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher P. Comparato sold 70,000 shares of the firm’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $35.71, for a total value of $2,499,700.00. Following the sale, the director now directly owns 164,796 shares of the company’s stock, valued at $5,884,865.16. This represents a 29.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 416,991 shares of company stock worth $15,242,750 over the last quarter. 13.32% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 price target on shares of Toast in a research report on Thursday, February 20th. BMO Capital Markets boosted their price objective on shares of Toast from $44.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, May 12th. Robert W. Baird increased their target price on shares of Toast from $38.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Canaccord Genuity Group lifted their price target on shares of Toast from $43.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Toast from $36.00 to $42.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. Thirteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $40.91.

Toast Stock Down 0.9%

NYSE:TOST opened at $44.29 on Wednesday. Toast, Inc. has a twelve month low of $21.32 and a twelve month high of $45.56. The firm has a market capitalization of $22.06 billion, a price-to-earnings ratio of -4,424.58, a price-to-earnings-growth ratio of 2.16 and a beta of 1.98. The stock’s 50 day moving average price is $35.99 and its two-hundred day moving average price is $37.55.

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). Toast had a net margin of 0.40% and a return on equity of 1.54%. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.32 billion. As a group, analysts anticipate that Toast, Inc. will post 0.39 earnings per share for the current year.

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.