Andra AP fonden Raises Stake in Toast, Inc. (NYSE:TOST)

Andra AP fonden increased its stake in shares of Toast, Inc. (NYSE:TOST) by 119.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 183,300 shares of the company’s stock after buying an additional 99,812 shares during the period. Andra AP fonden’s holdings in Toast were worth $6,681,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. FMR LLC grew its position in shares of Toast by 50.5% during the 3rd quarter. FMR LLC now owns 24,449,743 shares of the company’s stock valued at $692,172,000 after acquiring an additional 8,205,053 shares during the period. ValueAct Holdings L.P. purchased a new position in Toast in the third quarter valued at approximately $438,301,000. State Street Corp grew its holdings in Toast by 2.5% during the third quarter. State Street Corp now owns 8,325,292 shares of the company’s stock valued at $235,689,000 after purchasing an additional 206,789 shares during the period. Geode Capital Management LLC increased its position in Toast by 2.3% in the third quarter. Geode Capital Management LLC now owns 6,865,934 shares of the company’s stock worth $193,992,000 after buying an additional 155,212 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Toast by 5.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,938,487 shares of the company’s stock valued at $107,108,000 after buying an additional 155,446 shares during the period. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Toast Price Performance

Shares of Toast stock opened at $34.77 on Friday. The company has a 50 day simple moving average of $38.36 and a two-hundred day simple moving average of $34.29. The firm has a market cap of $17.17 billion, a PE ratio of -3,473.03, a PEG ratio of 2.16 and a beta of 1.99. Toast, Inc. has a 1 year low of $21.32 and a 1 year high of $44.12.

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

Insider Activity

In other news, CFO Elena Gomez sold 2,052 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total value of $81,320.76. Following the completion of the sale, the chief financial officer now owns 160,498 shares of the company’s stock, valued at approximately $6,360,535.74. This represents a 1.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christopher P. Comparato sold 145,000 shares of the business’s stock in a transaction on Thursday, December 19th. The stock was 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 directly owns 182,451 shares of the company’s stock, valued at $6,575,534.04. This 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 have sold 149,779 shares of company stock worth $5,415,192. 13.32% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Robert W. Baird increased their price target on Toast from $38.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. 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 research report on Thursday, February 20th. Keefe, Bruyette & Woods boosted their price target on shares of Toast from $40.00 to $42.00 and gave the company a “market perform” rating in a research report on Thursday, February 20th. Canaccord Genuity Group upped their price target on shares of Toast from $43.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Finally, UBS Group lifted their price objective on shares of Toast from $41.00 to $47.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $40.48.

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.