Blair William & Co. IL Has $58.05 Million Stake in Toast, Inc. (NYSE:TOST)

Blair William & Co. IL lowered its stake in shares of Toast, Inc. (NYSE:TOST) by 3.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,592,451 shares of the company’s stock after selling 53,557 shares during the period. Blair William & Co. IL owned approximately 0.34% of Toast worth $58,045,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Toast by 10.8% in the 4th quarter. Vanguard Group Inc. now owns 42,474,232 shares of the company’s stock valued at $1,548,186,000 after buying an additional 4,147,430 shares during the period. FMR LLC increased its stake in Toast by 50.5% in the third 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. bought a new stake in Toast in the third quarter valued at about $438,301,000. State Street Corp raised its position in Toast by 2.5% in the third quarter. State Street Corp now owns 8,325,292 shares of the company’s stock worth $235,689,000 after purchasing an additional 206,789 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Toast by 2.3% during the third quarter. Geode Capital Management LLC now owns 6,865,934 shares of the company’s stock worth $193,992,000 after purchasing an additional 155,212 shares during the period. Institutional investors own 82.91% of the company’s stock.

Insider Buying and Selling

In related news, General Counsel Brian R. Elworthy sold 653 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total transaction of $25,878.39. Following the completion of the transaction, the general counsel now owns 209,206 shares in the company, valued at approximately $8,290,833.78. The trade was a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christopher P. Comparato sold 70,000 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $35.71, for a total transaction of $2,499,700.00. Following the completion of the sale, the director now owns 164,796 shares in the company, valued at approximately $5,884,865.16. This trade represents a 29.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 270,770 shares of company stock valued at $9,409,211 over the last three months. Company insiders own 13.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. BMO Capital Markets increased their target price on Toast from $46.00 to $48.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. BNP Paribas set a $37.00 price objective on Toast and gave the company a “neutral” rating in a report on Wednesday, February 19th. Oppenheimer initiated coverage on shares of Toast in a research note on Friday, January 24th. They issued an “outperform” rating and a $46.00 target price on the stock. Morgan Stanley increased their target price on shares of Toast from $46.00 to $50.00 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. Finally, DA Davidson restated a “neutral” rating and issued a $38.00 price target (down from $44.00) on shares of Toast in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $40.48.

Toast Price Performance

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

Toast (NYSE:TOST) last released its earnings results on Wednesday, February 19th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The business 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%. Equities research analysts anticipate that Toast, Inc. will post 0.39 earnings per share 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.