BBR Partners LLC Invests $1.19 Million in Toast, Inc. (NYSE:TOST)

BBR Partners LLC acquired a new stake in shares of Toast, Inc. (NYSE:TOST - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 32,681 shares of the company's stock, valued at approximately $1,191,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC increased its position in Toast by 50.5% in the third quarter. FMR LLC now owns 24,449,743 shares of the company's stock worth $692,172,000 after purchasing an additional 8,205,053 shares during the last quarter. ValueAct Holdings L.P. purchased a new stake in shares of Toast during the 3rd quarter valued at about $438,301,000. State Street Corp lifted its holdings in shares of Toast by 2.5% in the 3rd 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. Geode Capital Management LLC lifted its holdings in shares of Toast by 2.3% in 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 last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Toast by 5.6% in 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. Institutional investors own 82.91% of the company's stock.

Insider Activity

In related news, President Stephen Fredette sold 1,068 shares of the firm's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total transaction of $42,324.84. Following the sale, the president now owns 1,644,656 shares of the company's stock, valued at $65,177,717.28. This trade represents a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CRO Jonathan Vassil sold 1,006 shares of Toast stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total value of $39,867.78. Following the completion of the transaction, the executive now owns 48,488 shares in the company, valued at $1,921,579.44. This trade represents a 2.03 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 149,779 shares of company stock worth $5,415,192. Corporate insiders own 13.32% of the company's stock.

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Toast Stock Performance

NYSE TOST traded down $0.04 on Tuesday, reaching $33.45. 7,023,299 shares of the stock traded hands, compared to its average volume of 6,687,996. Toast, Inc. has a 12 month low of $21.32 and a 12 month high of $44.12. The company has a market cap of $16.52 billion, a price-to-earnings ratio of -3,341.46, a PEG ratio of 2.16 and a beta of 1.99. The company has a fifty day moving average price of $38.29 and a 200-day moving average price of $34.51.

Toast (NYSE:TOST - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). Toast had a net margin of 0.40% and a return on equity of 1.54%. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.32 billion. As a group, research analysts anticipate that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on TOST. 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. Robert W. Baird raised their price target on Toast from $38.00 to $40.00 and gave the stock a "neutral" rating in a research report on Thursday, February 20th. Needham & Company LLC reaffirmed a "buy" rating and set a $50.00 price objective on shares of Toast in a research note on Thursday, February 20th. UBS Group increased their target price on shares of Toast from $41.00 to $47.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. Finally, Wells Fargo & Company raised their target price on shares of Toast from $25.00 to $30.00 and gave the stock an "underweight" rating in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, Toast presently has an average rating of "Hold" and a consensus price target of $40.48.

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.