Toast, Inc. (NYSE:TOST) Shares Purchased by Forsta AP Fonden

Forsta AP Fonden boosted its position in shares of Toast, Inc. (NYSE:TOST) by 191.4% in the 4th quarter, HoldingsChannel reports. The fund owned 234,300 shares of the company’s stock after acquiring an additional 153,900 shares during the period. Forsta AP Fonden’s holdings in Toast were worth $8,540,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. grew its stake in shares of Toast by 120.4% during the fourth quarter. Blue Trust Inc. now owns 692 shares of the company’s stock worth $25,000 after purchasing an additional 378 shares in the last quarter. Piscataqua Savings Bank purchased a new stake in Toast during the 4th quarter worth about $26,000. Toth Financial Advisory Corp acquired a new position in shares of Toast during the 3rd quarter worth about $28,000. Raleigh Capital Management Inc. increased its holdings in shares of Toast by 93.4% in the 3rd quarter. Raleigh Capital Management Inc. now owns 1,491 shares of the company’s stock valued at $42,000 after acquiring an additional 720 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of Toast by 32.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,033 shares of the company’s stock worth $58,000 after acquiring an additional 496 shares in the last quarter. 82.91% of the stock is owned by hedge funds and other institutional investors.

Toast Trading Up 0.7 %

Shares of TOST stock opened at $40.32 on Friday. The stock has a 50 day simple moving average of $38.67 and a 200-day simple moving average of $31.83. The company has a market cap of $18.99 billion, a price-to-earnings ratio of -310.18, a price-to-earnings-growth ratio of 2.05 and a beta of 1.97. Toast, Inc. has a 12-month low of $17.65 and a 12-month high of $44.12.

Toast (NYSE:TOST) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.06. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations 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 business posted ($0.09) earnings per share. On average, equities analysts forecast that Toast, Inc. will post 0.03 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Richard Kent Bennett sold 100,000 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $36.67, for a total value of $3,667,000.00. Following the sale, the director now directly owns 418,591 shares in the company, valued at $15,349,731.97. The trade was a 19.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Aman Narang sold 1,646 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $31.08, for a total transaction of $51,157.68. Following the transaction, the chief executive officer now owns 969,970 shares of the company’s stock, valued at $30,146,667.60. This trade represents a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 562,600 shares of company stock worth $21,823,932 in the last 90 days. 13.32% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

TOST has been the topic of several recent analyst reports. Oppenheimer started coverage on shares of Toast in a research note on Friday, January 24th. They issued an “outperform” rating and a $46.00 price target on the stock. Royal Bank of Canada lifted their price target on shares of Toast from $27.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Friday, November 8th. Keefe, Bruyette & Woods upped their price objective on shares of Toast from $29.00 to $40.00 and gave the company a “market perform” rating in a research note on Monday, December 9th. The Goldman Sachs Group cut their target price on Toast from $45.00 to $40.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Finally, Piper Sandler upped their target price on Toast from $25.00 to $35.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Toast has an average rating of “Hold” and a consensus target price of $35.74.

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.