Thames Capital Management LLC Invests $4.43 Million in Toast, Inc. (NYSE:TOST)

Thames Capital Management LLC bought a new position in Toast, Inc. (NYSE:TOST - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 121,619 shares of the company's stock, valued at approximately $4,433,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Geode Capital Management LLC grew its stake in shares of Toast by 2.3% during the third 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 in the last quarter. MML Investors Services LLC grew its stake in Toast by 40.6% during the 3rd quarter. MML Investors Services LLC now owns 228,313 shares of the company's stock valued at $6,464,000 after purchasing an additional 65,957 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Toast by 5.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,938,487 shares of the company's stock worth $107,108,000 after purchasing an additional 155,446 shares during the last quarter. Zacks Investment Management raised its position 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. Finally, Jupiter Asset Management Ltd. raised its position in shares of Toast by 134.3% in the 4th quarter. Jupiter Asset Management Ltd. now owns 392,853 shares of the company's stock valued at $14,319,000 after purchasing an additional 225,215 shares in the last quarter. Hedge funds and other institutional investors own 82.91% of the company's stock.

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Insiders Place Their Bets

In other Toast news, Director Christopher P. Comparato sold 70,000 shares of the company's stock in a transaction that occurred 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 $5,884,865.16. This represents a 29.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Stephen Fredette sold 1,068 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total value of $42,324.84. Following the transaction, the president now directly owns 1,644,656 shares of the company's stock, valued at approximately $65,177,717.28. The trade was a 0.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 270,770 shares of company stock worth $9,409,211. 13.32% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on TOST shares. 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. The Goldman Sachs Group dropped their target price on shares of Toast from $43.00 to $38.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Evercore ISI assumed coverage on shares of Toast in a research report on Wednesday. They set an "in-line" rating and a $29.00 price target on the stock. Royal Bank of Canada upped 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. Finally, Robert W. Baird increased their target price on Toast from $38.00 to $40.00 and gave the stock a "neutral" rating in a report on Thursday, February 20th. Thirteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $40.27.

Toast Trading Up 0.4 %

Toast stock traded up $0.14 during midday trading on Friday, reaching $33.50. 1,725,805 shares of the stock traded hands, compared to its average volume of 6,807,544. Toast, Inc. has a fifty-two week low of $21.32 and a fifty-two week high of $44.12. The firm has a market cap of $16.55 billion, a price-to-earnings ratio of -3,347.65, a PEG ratio of 2.16 and a beta of 2.00. The firm has a fifty day moving average price of $36.21 and a two-hundred day moving average price of $35.87.

Toast (NYSE:TOST - Get Free Report) last released its quarterly earnings results 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). Toast had a net margin of 0.40% and a return on equity of 1.54%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. 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.