30,291 Shares in Toast, Inc. (NYSE:TOST) Acquired by Northeast Investment Management

Northeast Investment Management bought a new stake in shares of Toast, Inc. (NYSE:TOST) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 30,291 shares of the company’s stock, valued at approximately $1,104,000.

Several other hedge funds have also made changes to their positions in the company. ValueAct Holdings L.P. bought a new position in Toast during the 3rd quarter worth about $438,301,000. FMR LLC boosted its stake in shares of Toast by 50.5% during the third quarter. FMR LLC now owns 24,449,743 shares of the company’s stock valued at $692,172,000 after purchasing an additional 8,205,053 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Toast by 2,889.8% during the third quarter. Assenagon Asset Management S.A. now owns 3,829,995 shares of the company’s stock valued at $108,427,000 after buying an additional 3,701,893 shares during the period. Perpetual Ltd bought a new position in Toast in the fourth quarter worth approximately $60,878,000. Finally, Worldquant Millennium Advisors LLC lifted its holdings in Toast by 1,475.0% during the third quarter. Worldquant Millennium Advisors LLC now owns 850,965 shares of the company’s stock worth $24,091,000 after buying an additional 796,936 shares during the period. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on TOST shares. Compass Point assumed coverage on Toast in a research report on Wednesday, November 20th. They issued a “buy” rating and a $49.00 price target for the company. BMO Capital Markets initiated coverage on shares of Toast in a report on Monday, January 6th. They issued an “outperform” rating and a $45.00 target price for the company. Deutsche Bank Aktiengesellschaft increased their price target on shares of Toast from $24.00 to $30.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Stephens boosted their price objective on shares of Toast from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Finally, Royal Bank of Canada increased their target price on shares of Toast from $27.00 to $40.00 and gave the company a “sector perform” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Toast presently has an average rating of “Hold” and an average target price of $36.09.

Insiders Place Their Bets

In other news, Director David Yuan sold 189,785 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $43.01, for a total transaction of $8,162,652.85. Following the completion of the sale, the director now owns 198,829 shares of the company’s stock, valued at $8,551,635.29. This represents a 48.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christopher P. Comparato sold 145,000 shares of the stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $36.04, for a total transaction of $5,225,800.00. Following the completion of the sale, the director now owns 182,451 shares of the company’s stock, valued at $6,575,534.04. This trade represents a 44.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 462,449 shares of company stock worth $18,205,099. Corporate insiders own 13.32% of the company’s stock.

Toast Trading Down 1.8 %

Shares of NYSE:TOST opened at $41.21 on Friday. The business’s 50 day moving average price is $38.39 and its 200-day moving average price is $32.41. Toast, Inc. has a 1 year low of $18.47 and a 1 year high of $44.12.

Toast (NYSE:TOST) last announced its earnings results on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.06. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. Toast had a negative net margin of 1.05% and a negative return on equity of 3.84%. During the same quarter last year, the business earned ($0.09) earnings per share. Research analysts predict that Toast, Inc. will post 0.03 EPS 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.