Bank Julius Baer & Co. Ltd Zurich Buys 735 Shares of Toast, Inc. (NYSE:TOST)

Bank Julius Baer & Co. Ltd Zurich grew its stake in shares of Toast, Inc. (NYSE:TOST) by 6.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,354 shares of the company’s stock after acquiring an additional 735 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Toast were worth $497,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Blue Trust Inc. grew its holdings in 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 bought a new stake in shares of Toast in the 4th quarter valued at about $26,000. Stonebridge Financial Group LLC purchased a new stake in shares of Toast in the 4th quarter worth approximately $34,000. SBI Securities Co. Ltd. bought a new position in shares of Toast during the fourth quarter valued at approximately $35,000. Finally, Wingate Wealth Advisors Inc. purchased a new position in Toast during the fourth quarter valued at approximately $40,000. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Elena Gomez sold 2,052 shares of Toast stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total value of $81,320.76. Following the completion of the transaction, the chief financial officer now owns 160,498 shares in the company, valued at $6,360,535.74. The trade was a 1.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher P. Comparato sold 145,000 shares of the company’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $36.04, for a total value of $5,225,800.00. Following the completion of the transaction, the director now directly owns 182,451 shares of the company’s stock, valued at $6,575,534.04. The trade was a 44.28 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 149,779 shares of company stock worth $5,415,192. Company insiders own 13.32% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on TOST shares. Wells Fargo & Company upped their target price on Toast from $25.00 to $30.00 and gave the stock an “underweight” rating in a report on Thursday, January 16th. BNP Paribas set a $37.00 price objective on Toast and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Piper Sandler raised their price objective on Toast from $25.00 to $35.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. BMO Capital Markets boosted their target price on shares of Toast from $46.00 to $48.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Finally, Morgan Stanley increased their price target on shares of Toast from $46.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $40.48.

Toast Stock Performance

NYSE:TOST opened at $33.40 on Tuesday. The firm’s fifty day moving average is $38.36 and its two-hundred day moving average is $34.44. The firm has a market cap of $16.50 billion, a price-to-earnings ratio of -3,336.66, a PEG ratio of 2.16 and a beta of 1.99. Toast, Inc. has a one year low of $21.32 and a one year high of $44.12.

Toast (NYSE:TOST) last posted 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 for the quarter, compared to analysts’ expectations of $1.32 billion. As a group, equities research analysts predict that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

About Toast

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.