Catalyst Funds Management Pty Ltd Takes $313,000 Position in Toast, Inc. (NYSE:TOST)

Catalyst Funds Management Pty Ltd purchased a new stake in shares of Toast, Inc. (NYSE:TOST - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,600 shares of the company's stock, valued at approximately $313,000.

Several other large investors have also recently added to or reduced their stakes in TOST. Victory Capital Management Inc. boosted its stake in Toast by 1.3% in the third quarter. Victory Capital Management Inc. now owns 49,663 shares of the company's stock valued at $1,406,000 after acquiring an additional 661 shares during the period. Oppenheimer & Co. Inc. bought a new stake in shares of Toast in the 3rd quarter worth approximately $397,000. KBC Group NV boosted its position in Toast by 66.5% during the 3rd quarter. KBC Group NV now owns 42,838 shares of the company's stock valued at $1,213,000 after purchasing an additional 17,106 shares during the period. CIBC Asset Management Inc grew its stake in Toast by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 12,614 shares of the company's stock worth $357,000 after buying an additional 448 shares during the last quarter. Finally, Natixis Advisors LLC increased its position in Toast by 43.9% in the third quarter. Natixis Advisors LLC now owns 82,259 shares of the company's stock worth $2,329,000 after buying an additional 25,113 shares during the period. 82.91% of the stock is currently owned by institutional investors.

Toast Price Performance

Shares of NYSE:TOST traded up $0.80 on Thursday, reaching $35.90. 7,647,214 shares of the company traded hands, compared to its average volume of 6,685,982. The stock has a market capitalization of $17.73 billion, a PE ratio of -3,586.01, a P/E/G ratio of 2.16 and a beta of 1.99. The company's 50 day moving average is $37.90 and its 200-day moving average is $34.91. Toast, Inc. has a fifty-two week low of $21.32 and a fifty-two week high of $44.12.

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Toast (NYSE:TOST - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share 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 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, analysts expect that Toast, Inc. will post 0.39 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TOST shares. Compass Point assumed coverage on shares of Toast in a research report on Wednesday, November 20th. They set a "buy" rating and a $49.00 price target for the company. Keefe, Bruyette & Woods upped their target price on shares of Toast from $40.00 to $42.00 and gave the stock a "market perform" rating in a research report on Thursday, February 20th. The Goldman Sachs Group set a $40.00 price target on shares of Toast and gave the company a "neutral" rating in a research note on Wednesday, February 19th. Robert W. Baird increased their price objective on Toast from $38.00 to $40.00 and gave the stock a "neutral" rating in a report on Thursday, February 20th. Finally, Oppenheimer started coverage on Toast in a research report on Friday, January 24th. They issued an "outperform" rating and a $46.00 target price on the stock. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $40.48.

Insiders Place Their Bets

In other Toast news, General Counsel Brian R. Elworthy sold 653 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 $25,878.39. Following the completion of the sale, the general counsel now directly owns 209,206 shares in the company, valued at approximately $8,290,833.78. This trade represents a 0.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Deval L. Patrick sold 34,222 shares of Toast stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $33.01, for a total value of $1,129,668.22. Following 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 position. The disclosure for this sale can be found here. Insiders sold a total of 156,714 shares of company stock worth $5,360,943 over the last ninety days. 13.32% of the stock is currently owned by company insiders.

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.