Amundi Boosts Stake in Toast, Inc. (NYSE:TOST)

Amundi boosted its stake in shares of Toast, Inc. (NYSE:TOST - Free Report) by 62.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 468,387 shares of the company's stock after buying an additional 179,599 shares during the quarter. Amundi owned approximately 0.10% of Toast worth $17,429,000 as of its most recent SEC filing.

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

Toast Stock Performance

Shares of NYSE TOST traded up $0.32 during mid-day trading on Monday, hitting $34.78. The stock had a trading volume of 4,740,321 shares, compared to its average volume of 6,496,954. The firm has a market cap of $17.18 billion, a PE ratio of -3,474.23, a PEG ratio of 2.16 and a beta of 1.99. The company has a 50 day moving average of $38.05 and a two-hundred day moving average of $34.78. Toast, Inc. has a twelve month low of $21.32 and a twelve month high of $44.12.

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Toast (NYSE:TOST - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.32 billion. Toast had a return on equity of 1.54% and a net margin of 0.40%. Equities research analysts predict that Toast, Inc. will post 0.39 EPS for the current fiscal year.

Insider Buying and Selling at Toast

In related news, Director Deval L. Patrick sold 34,222 shares of Toast stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $33.01, for a total transaction of $1,129,668.22. Following the completion of the transaction, the director now directly owns 13,260 shares in the company, valued at approximately $437,712.60. This trade represents a 72.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Brian R. Elworthy sold 653 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total value of $25,878.39. Following the completion of the sale, the general counsel now owns 209,206 shares in the company, valued at approximately $8,290,833.78. This represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 254,641 shares of company stock worth $8,937,776. Company insiders own 13.32% of the company's stock.

Analysts Set New Price Targets

TOST has been the subject of several recent research reports. Compass Point initiated coverage on Toast in a report on Wednesday, November 20th. They issued a "buy" rating and a $49.00 price objective for the company. BMO Capital Markets upped their price target on shares of Toast from $46.00 to $48.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. lifted their price objective on shares of Toast from $36.00 to $42.00 and gave the company a "neutral" rating in a report on Thursday, February 20th. BNP Paribas set a $37.00 target price on Toast and gave the stock a "neutral" rating in a report on Wednesday, February 19th. Finally, Oppenheimer initiated coverage on Toast in a report on Friday, January 24th. They issued an "outperform" rating and a $46.00 price target on the stock. 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price 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.