AssuredPartners Investment Advisors LLC Makes New Investment in Toast, Inc. (NYSE:TOST)

AssuredPartners Investment Advisors LLC purchased a new stake in Toast, Inc. (NYSE:TOST - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,971 shares of the company's stock, valued at approximately $473,000.

A number of other hedge funds have also bought and sold shares of TOST. Vanguard Group Inc. grew its holdings in shares of Toast by 10.8% during the 4th 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. FMR LLC lifted its holdings in shares of Toast by 50.5% during 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 period. ValueAct Holdings L.P. acquired a new stake in shares of Toast during the 3rd quarter worth approximately $438,301,000. State Street Corp increased its stake in Toast by 2.5% in the third quarter. State Street Corp now owns 8,325,292 shares of the company's stock valued at $235,689,000 after acquiring an additional 206,789 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in 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 purchasing an additional 155,212 shares in the last quarter. 82.91% of the stock is owned by institutional investors.

Toast Stock Performance

Shares of NYSE:TOST traded down $0.18 during midday trading on Monday, reaching $33.40. The company's stock had a trading volume of 2,612,962 shares, compared to its average volume of 6,550,162. The firm has a 50 day moving average price of $37.72 and a two-hundred day moving average price of $35.48. 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 capitalization of $16.50 billion, a price-to-earnings ratio of -3,336.56, a PEG ratio of 2.16 and a beta of 1.99.

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Toast (NYSE:TOST - Get Free Report) last issued its quarterly earnings results 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). The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.32 billion. Toast had a net margin of 0.40% and a return on equity of 1.54%. As a group, research analysts anticipate that Toast, Inc. will post 0.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TOST. Oppenheimer initiated coverage on Toast in a research note on Friday, January 24th. They issued an "outperform" rating and a $46.00 price target on the stock. Morgan Stanley lifted their target price on Toast from $46.00 to $50.00 and gave the company an "overweight" rating in a research report on Thursday, February 20th. DA Davidson reissued a "neutral" rating and issued a $38.00 target price (down previously from $44.00) on shares of Toast in a report on Thursday, December 5th. Canaccord Genuity Group lifted their price target on shares of Toast from $43.00 to $48.00 and gave the company a "buy" rating in a report on Thursday, February 20th. Finally, BNP Paribas set a $37.00 price objective on shares of Toast and gave the company a "neutral" rating in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Toast presently has an average rating of "Hold" and a consensus target price of $40.48.

Insider Buying and Selling at Toast

In other Toast news, CFO Elena Gomez sold 2,052 shares of the business's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total transaction of $81,320.76. Following the completion of the sale, the chief financial officer now owns 160,498 shares in the company, valued at approximately $6,360,535.74. The trade was a 1.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Stephen Fredette sold 1,068 shares of the company's 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 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 270,770 shares of company stock valued at $9,409,211. Corporate insiders own 13.32% of the company's stock.

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.