Toast, Inc. (NYSE:TOST) Shares Acquired by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. increased its holdings in shares of Toast, Inc. (NYSE:TOST) by 0.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 103,670 shares of the company’s stock after purchasing an additional 870 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Toast were worth $3,779,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Toast by 10.8% during the fourth quarter. Vanguard Group Inc. now owns 42,474,232 shares of the company’s stock worth $1,548,186,000 after purchasing an additional 4,147,430 shares in the last quarter. ValueAct Holdings L.P. purchased a new stake in shares of Toast in the 3rd quarter valued at $438,301,000. State Street Corp lifted its stake in Toast by 2.5% during the 3rd quarter. State Street Corp now owns 8,325,292 shares of the company’s stock worth $235,689,000 after acquiring an additional 206,789 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Toast by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 6,865,934 shares of the company’s stock valued at $193,992,000 after acquiring an additional 155,212 shares during the period. Finally, Norges Bank acquired a new position in Toast in the 4th quarter valued at about $205,888,000. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Toast

In other news, Director Deval L. Patrick sold 34,222 shares of the firm’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $33.01, for a total value of $1,129,668.22. Following the completion of the sale, the director now owns 13,260 shares in the company, valued at approximately $437,712.60. This trade represents a 72.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Stephen Fredette sold 70,340 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $33.87, for a total transaction of $2,382,415.80. Following the transaction, the president now owns 1,574,316 shares in the company, valued at approximately $53,322,082.92. This trade represents a 4.28 % 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 in the last ninety days. Insiders own 13.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on TOST shares. The Goldman Sachs Group set a $40.00 price target on shares of Toast and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. BNP Paribas set a $37.00 price target on shares of Toast and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Canaccord Genuity Group increased their price objective on Toast from $43.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. BMO Capital Markets boosted their target price on Toast from $46.00 to $48.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Finally, DA Davidson reiterated a “neutral” rating and issued a $38.00 price objective (down previously from $44.00) on shares of Toast in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $40.48.

Toast Trading Up 3.2 %

Shares of TOST opened at $34.25 on Wednesday. The company’s 50 day simple moving average is $37.63 and its 200-day simple moving average is $35.60. Toast, Inc. has a 12-month low of $21.32 and a 12-month high of $44.12. The firm has a market cap of $16.92 billion, a PE ratio of -3,421.28, a price-to-earnings-growth ratio of 2.16 and a beta of 1.99.

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