Toast, Inc. (NYSE:TOST) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. lifted its holdings in shares of Toast, Inc. (NYSE:TOST - Free Report) by 330.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 335,965 shares of the company's stock after purchasing an additional 257,831 shares during the quarter. American Century Companies Inc. owned about 0.07% of Toast worth $12,246,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of TOST. Blue Trust Inc. raised its stake in shares of Toast by 120.4% in the 4th quarter. Blue Trust Inc. now owns 692 shares of the company's stock valued at $25,000 after acquiring an additional 378 shares during the period. Piscataqua Savings Bank purchased a new stake in Toast in the fourth quarter valued at approximately $26,000. Stonebridge Financial Group LLC acquired a new position in Toast during the fourth quarter worth $34,000. SBI Securities Co. Ltd. purchased a new position in shares of Toast during the fourth quarter worth $35,000. Finally, Wingate Wealth Advisors Inc. acquired a new stake in shares of Toast in the fourth quarter valued at $40,000. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Elena Gomez sold 2,052 shares of the company's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total value of $81,320.76. Following the completion of the transaction, the chief financial officer now directly owns 160,498 shares in the company, valued at approximately $6,360,535.74. This represents a 1.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christopher P. Comparato sold 70,000 shares of the firm's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $35.71, for a total transaction of $2,499,700.00. Following the sale, the director now directly owns 164,796 shares of the company's stock, valued at approximately $5,884,865.16. The trade was a 29.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 270,770 shares of company stock valued at $9,409,211. Corporate insiders own 13.32% of the company's stock.

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Analyst Upgrades and Downgrades

Several analysts have recently issued reports on TOST shares. Robert W. Baird increased their price target on shares of Toast from $38.00 to $40.00 and gave the stock a "neutral" rating in a research report on Thursday, February 20th. UBS Group upped their price objective on Toast from $41.00 to $47.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Morgan Stanley increased their price objective on Toast from $46.00 to $50.00 and gave the company an "overweight" rating in a research note on Thursday, February 20th. Keefe, Bruyette & Woods boosted their target price on Toast from $40.00 to $42.00 and gave the stock a "market perform" rating in a research note on Thursday, February 20th. Finally, Royal Bank of Canada increased their price target on Toast from $40.00 to $45.00 and gave the company a "sector perform" rating in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $40.38.

Toast Price Performance

Shares of NYSE:TOST traded down $2.08 on Friday, reaching $30.58. The company's stock had a trading volume of 10,413,952 shares, compared to its average volume of 6,769,749. Toast, Inc. has a 52-week low of $21.32 and a 52-week high of $44.12. The stock's 50-day moving average is $37.16 and its two-hundred day moving average is $35.79. The stock has a market capitalization of $15.10 billion, a P/E ratio of -3,054.55, a PEG ratio of 2.16 and a beta of 2.00.

Toast (NYSE:TOST - Get Free Report) last announced its quarterly earnings results 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). The company had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.32 billion. Toast had a net margin of 0.40% and a return on equity of 1.54%. Equities analysts forecast that Toast, Inc. will post 0.39 earnings per share 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.