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

Forsta AP Fonden increased its position in shares of Toast, Inc. (NYSE:TOST) by 191.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 234,300 shares of the company’s stock after buying 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 filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in shares of Toast by 120.4% during the 4th quarter. Blue Trust Inc. now owns 692 shares of the company’s stock worth $25,000 after acquiring an additional 378 shares in the last quarter. Piscataqua Savings Bank purchased a new position in Toast during the fourth quarter worth approximately $26,000. Toth Financial Advisory Corp acquired a new stake in Toast in the third quarter valued at approximately $28,000. Raleigh Capital Management Inc. increased its position in shares of Toast by 93.4% in the third quarter. Raleigh Capital Management Inc. now owns 1,491 shares of the company’s stock valued at $42,000 after buying an additional 720 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake 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 buying an additional 496 shares during the period. Institutional investors and hedge funds own 82.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on TOST shares. The Goldman Sachs Group dropped their price target on shares of Toast from $45.00 to $40.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Keefe, Bruyette & Woods lifted their target price on shares of Toast from $29.00 to $40.00 and gave the company a “market perform” rating in a research report on Monday, December 9th. Compass Point initiated coverage on shares of Toast in a research note on Wednesday, November 20th. They set a “buy” rating and a $49.00 target price for the company. Oppenheimer initiated 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. Finally, Wedbush boosted their price objective on Toast from $35.00 to $45.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Toast has a consensus rating of “Hold” and a consensus price target of $35.74.

Insider Buying and Selling at Toast

In other news, CEO Aman Narang sold 1,646 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $31.08, for a total transaction of $51,157.68. Following the completion of the transaction, the chief executive officer now directly owns 969,970 shares in the company, valued at $30,146,667.60. This trade represents a 0.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David Yuan sold 189,785 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $43.01, for a total value of $8,162,652.85. Following the completion of the sale, the director now owns 198,829 shares in the company, valued at $8,551,635.29. This represents a 48.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 562,600 shares of company stock worth $21,823,932 over the last three months. Insiders own 13.32% of the company’s stock.

Toast Stock Performance

TOST opened at $40.32 on Friday. The business’s 50 day moving average price is $38.67 and its 200 day moving average price is $31.83. The stock has a market capitalization of $18.99 billion, a PE ratio of -310.18, a P/E/G ratio of 2.05 and a beta of 1.97. Toast, Inc. has a one year low of $17.65 and a one year high of $44.12.

Toast (NYSE:TOST) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. The business 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 period in the prior year, the business posted ($0.09) EPS. As a group, equities research analysts forecast that Toast, Inc. will post 0.03 earnings per share 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.