Vanguard Group Inc. Buys 4,147,430 Shares of Toast, Inc. (NYSE:TOST)

Vanguard Group Inc. boosted its position in Toast, Inc. (NYSE:TOST) by 10.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,474,232 shares of the company’s stock after acquiring an additional 4,147,430 shares during the quarter. Vanguard Group Inc. owned 9.02% of Toast worth $1,548,186,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in TOST. Geode Capital Management LLC increased its position in shares of 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 purchasing an additional 155,212 shares during the last quarter. MML Investors Services LLC grew its position in Toast by 40.6% during the third quarter. MML Investors Services LLC now owns 228,313 shares of the company’s stock valued at $6,464,000 after acquiring an additional 65,957 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Toast by 5.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,938,487 shares of the company’s stock worth $107,108,000 after acquiring an additional 155,446 shares in the last quarter. FMR LLC lifted its holdings in shares of Toast by 50.5% in the 3rd quarter. FMR LLC now owns 24,449,743 shares of the company’s stock worth $692,172,000 after acquiring an additional 8,205,053 shares during the last quarter. Finally, Zacks Investment Management boosted its stake in shares of Toast by 14.2% in the 3rd quarter. Zacks Investment Management now owns 338,017 shares of the company’s stock valued at $9,569,000 after purchasing an additional 42,100 shares in the last quarter. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Wall Street Analyst Weigh In

TOST has been the topic of a number of analyst reports. BNP Paribas set a $37.00 target price on shares of Toast and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. UBS Group boosted their target price on Toast from $41.00 to $47.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Needham & Company LLC restated a “buy” rating and set a $50.00 price target on shares of Toast in a research report on Thursday, February 20th. The Goldman Sachs Group set a $40.00 price objective on Toast and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Finally, Canaccord Genuity Group raised their target price on shares of Toast from $43.00 to $48.00 and gave the stock a “buy” rating in a 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 assigned 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.

Insider Activity at Toast

In other Toast news, President Stephen Fredette sold 1,068 shares of Toast stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total transaction of $42,324.84. Following the completion of the transaction, the president now owns 1,644,656 shares in the company, valued at approximately $65,177,717.28. The trade was a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 value of $2,499,700.00. Following the completion of the sale, the director now directly owns 164,796 shares in the company, valued at approximately $5,884,865.16. This 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 in the last three months. Company insiders own 13.32% of the company’s stock.

Toast Stock Performance

Shares of NYSE:TOST opened at $35.36 on Friday. Toast, Inc. has a 52-week low of $21.32 and a 52-week high of $44.12. The firm has a market capitalization of $17.47 billion, a P/E ratio of -3,532.27, a P/E/G ratio of 2.16 and a beta of 1.99. The stock has a 50 day moving average price of $37.80 and a 200-day moving average price of $35.33.

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 firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.32 billion. On average, equities analysts forecast that Toast, Inc. will post 0.39 EPS for the current fiscal year.

Toast Company 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.