12,971 Shares in Toast, Inc. (NYSE:TOST) Acquired by AssuredPartners Investment Advisors LLC

AssuredPartners Investment Advisors LLC bought a new stake in Toast, Inc. (NYSE:TOST) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 12,971 shares of the company’s stock, valued at approximately $473,000.

Several other large investors have also modified their holdings of TOST. Elo Mutual Pension Insurance Co lifted its holdings in shares of Toast by 20.8% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 38,893 shares of the company’s stock worth $1,418,000 after acquiring an additional 6,702 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Toast by 20.9% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 361,512 shares of the company’s stock worth $13,593,000 after purchasing an additional 62,421 shares in the last quarter. Korea Investment CORP boosted its position in shares of Toast by 2,350.0% during the fourth quarter. Korea Investment CORP now owns 236,868 shares of the company’s stock worth $8,634,000 after buying an additional 227,200 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Toast by 15.1% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 185,105 shares of the company’s stock valued at $6,747,000 after buying an additional 24,258 shares in the last quarter. Finally, Zevenbergen Capital Investments LLC raised its holdings in shares of Toast by 4.6% in the 4th quarter. Zevenbergen Capital Investments LLC now owns 2,202,735 shares of the company’s stock valued at $80,290,000 after buying an additional 96,821 shares during the period. Institutional investors and hedge funds own 82.91% of the company’s stock.

Toast Stock Performance

Shares of NYSE:TOST opened at $35.36 on Friday. Toast, Inc. has a one year low of $21.32 and a one year high of $44.12. The company has a 50-day simple moving average of $37.80 and a 200-day simple moving average of $35.33. The stock has a market capitalization of $17.47 billion, a price-to-earnings ratio of -3,532.27, a PEG ratio of 2.16 and a beta of 1.99.

Toast (NYSE:TOST) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. Toast had a return on equity of 1.54% and a net margin of 0.40%. As a group, research analysts forecast that Toast, Inc. will post 0.39 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. The Goldman Sachs Group set a $40.00 target price on Toast and gave the company a “neutral” rating in a report on Wednesday, February 19th. Oppenheimer started coverage on shares of Toast in a report on Friday, January 24th. They issued an “outperform” rating and a $46.00 price objective for the company. JPMorgan Chase & Co. increased their target price on shares of Toast from $36.00 to $42.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Wells Fargo & Company boosted their price target on shares of Toast from $25.00 to $30.00 and gave the stock an “underweight” rating in a research note on Thursday, January 16th. Finally, Royal Bank of Canada increased their price objective on Toast from $40.00 to $45.00 and gave the company a “sector perform” rating in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Toast has an average rating of “Hold” and a consensus price target of $40.48.

Insider Activity at Toast

In related news, General Counsel Brian R. Elworthy sold 653 shares of Toast stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total value of $25,878.39. Following the sale, the general counsel now directly owns 209,206 shares in the company, valued at $8,290,833.78. The trade was a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Stephen Fredette sold 1,068 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total value of $42,324.84. Following the completion of the transaction, the president now owns 1,644,656 shares of the company’s stock, valued at $65,177,717.28. The trade was a 0.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 270,770 shares of company stock worth $9,409,211 in the last three months. Insiders own 13.32% of the company’s stock.

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.