Asahi Life Asset Management CO. LTD. Takes $303,000 Position in Toast, Inc. (NYSE:TOST)

Asahi Life Asset Management CO. LTD. bought a new position in shares of Toast, Inc. (NYSE:TOST - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 8,300 shares of the company's stock, valued at approximately $303,000.

Other institutional investors also recently made changes to their positions in the company. Makena Capital Management LLC boosted its position in Toast by 7.6% during the third quarter. Makena Capital Management LLC now owns 274,392 shares of the company's stock worth $7,768,000 after purchasing an additional 19,371 shares in the last quarter. KBC Group NV raised its stake in shares of Toast by 66.5% during the 3rd quarter. KBC Group NV now owns 42,838 shares of the company's stock worth $1,213,000 after buying an additional 17,106 shares during the last quarter. Geode Capital Management LLC boosted its position 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 worth $193,992,000 after buying an additional 155,212 shares in the last quarter. MML Investors Services LLC grew its stake in Toast by 40.6% in the 3rd quarter. MML Investors Services LLC now owns 228,313 shares of the company's stock valued at $6,464,000 after acquiring an additional 65,957 shares during the last quarter. Finally, Qsemble Capital Management LP grew its stake in Toast by 52.1% in the 3rd quarter. Qsemble Capital Management LP now owns 67,796 shares of the company's stock valued at $1,919,000 after acquiring an additional 23,231 shares during the last quarter. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Toast

In other news, President Stephen Fredette sold 1,068 shares of the business's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total value of $42,324.84. Following the completion of the sale, the president now 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher P. Comparato sold 145,000 shares of the stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $36.04, for a total transaction of $5,225,800.00. Following the transaction, the director now directly owns 182,451 shares in the company, valued at $6,575,534.04. The trade was a 44.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 149,779 shares of company stock valued at $5,415,192 over the last ninety days. Corporate insiders own 13.32% of the company's stock.

Toast Stock Performance

Shares of NYSE TOST traded down $1.74 during midday trading on Monday, reaching $36.86. 7,350,392 shares of the company's stock were exchanged, compared to its average volume of 6,445,915. Toast, Inc. has a 52-week low of $21.32 and a 52-week high of $44.12. The business's fifty day moving average price is $38.61 and its two-hundred day moving average price is $34.05. The stock has a market capitalization of $18.21 billion, a PE ratio of -3,682.32, a price-to-earnings-growth ratio of 2.16 and a beta of 1.98.

Toast (NYSE:TOST - Get Free Report) last posted 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). Toast had a return on equity of 1.54% and a net margin of 0.40%. The business had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.32 billion. Analysts predict that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Wedbush upped their price target on shares of Toast from $35.00 to $45.00 and gave the company an "outperform" rating in a report on Friday, November 8th. BMO Capital Markets upped their target price on Toast from $46.00 to $48.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. The Goldman Sachs Group set a $40.00 target price on Toast and gave the company a "neutral" rating in a report on Wednesday, February 19th. Oppenheimer assumed coverage on Toast in a report on Friday, January 24th. They issued an "outperform" rating and a $46.00 price target for the company. Finally, Keefe, Bruyette & Woods increased their price objective on Toast from $40.00 to $42.00 and gave the company a "market perform" rating in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $40.09.

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.