Sei Investments Co. Acquires 266,471 Shares of Toast, Inc. (NYSE:TOST)

Sei Investments Co. increased its holdings in shares of Toast, Inc. (NYSE:TOST) by 48.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 818,357 shares of the company’s stock after acquiring an additional 266,471 shares during the period. Sei Investments Co. owned about 0.17% of Toast worth $29,829,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Victory Capital Management Inc. boosted its stake in shares of Toast by 1.3% during the third quarter. Victory Capital Management Inc. now owns 49,663 shares of the company’s stock valued at $1,406,000 after purchasing an additional 661 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Toast during the 3rd quarter worth about $257,000. Charles Schwab Investment Management Inc. raised its position in Toast by 4.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,783,041 shares of the company’s stock valued at $78,788,000 after acquiring an additional 113,995 shares in the last quarter. Citigroup Inc. boosted its position in Toast by 8.5% in the 3rd quarter. Citigroup Inc. now owns 276,974 shares of the company’s stock worth $7,841,000 after purchasing an additional 21,675 shares in the last quarter. Finally, Cerity Partners LLC grew its stake in shares of Toast by 50.4% during the 3rd quarter. Cerity Partners LLC now owns 71,526 shares of the company’s stock worth $2,025,000 after purchasing an additional 23,955 shares during the period. Institutional investors own 82.91% of the company’s stock.

Insider Buying and Selling

In other Toast news, CFO Elena Gomez sold 2,052 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total transaction 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 $6,360,535.74. This trade represents a 1.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CRO Jonathan Vassil sold 1,006 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total transaction of $39,867.78. Following the completion of the sale, the executive now directly owns 48,488 shares in the company, valued at $1,921,579.44. This trade represents a 2.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 270,770 shares of company stock worth $9,409,211. Company insiders own 13.32% of the company’s stock.

Toast Stock Up 0.6 %

Shares of NYSE:TOST opened at $36.38 on Wednesday. Toast, Inc. has a 52-week low of $21.32 and a 52-week high of $44.12. The stock has a market cap of $17.97 billion, a P/E ratio of -3,634.37, a PEG ratio of 2.16 and a beta of 1.99. The business has a fifty day moving average of $37.84 and a two-hundred day moving average of $35.23.

Toast (NYSE:TOST) last announced its quarterly earnings data 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). The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Toast had a net margin of 0.40% and a return on equity of 1.54%. On average, equities analysts anticipate that Toast, Inc. will post 0.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TOST shares. DA Davidson reiterated a “neutral” rating and issued a $38.00 target price (down from $44.00) on shares of Toast in a research note on Thursday, December 5th. Needham & Company LLC reissued a “buy” rating and set a $50.00 target price on shares of Toast in a research note on Thursday, February 20th. BMO Capital Markets raised their target price on Toast from $46.00 to $48.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. BNP Paribas set a $37.00 price target on Toast and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Finally, Keefe, Bruyette & Woods raised their price objective on Toast from $40.00 to $42.00 and gave the company a “market perform” rating in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Toast currently has a consensus rating of “Hold” and an average target price of $40.48.

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.