Charles Schwab Investment Management Inc. Increases Holdings in Toast, Inc. (NYSE:TOST)

Charles Schwab Investment Management Inc. raised its holdings in shares of Toast, Inc. (NYSE:TOST - Free Report) by 5.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,938,487 shares of the company's stock after acquiring an additional 155,446 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.62% of Toast worth $107,108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of TOST. Farther Finance Advisors LLC lifted its position in Toast by 32.3% during the third quarter. Farther Finance Advisors LLC now owns 2,033 shares of the company's stock valued at $58,000 after purchasing an additional 496 shares in the last quarter. Kampmann Melissa S. raised its stake in shares of Toast by 28.9% in the third quarter. Kampmann Melissa S. now owns 56,120 shares of the company's stock worth $1,589,000 after buying an additional 12,590 shares during the period. Lisanti Capital Growth LLC lifted its position in shares of Toast by 43.0% during the 3rd quarter. Lisanti Capital Growth LLC now owns 60,245 shares of the company's stock valued at $1,706,000 after buying an additional 18,125 shares in the last quarter. Entropy Technologies LP bought a new position in shares of Toast during the 3rd quarter valued at approximately $894,000. Finally, GSA Capital Partners LLP increased its holdings in Toast by 179.7% in the 3rd quarter. GSA Capital Partners LLP now owns 53,064 shares of the company's stock worth $1,502,000 after acquiring an additional 34,090 shares in the last quarter. Hedge funds and other institutional investors own 82.91% of the company's stock.

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Toast Price Performance

Shares of NYSE:TOST traded up $1.31 during trading on Wednesday, hitting $34.76. The company had a trading volume of 3,798,418 shares, compared to its average volume of 6,621,192. The stock has a market cap of $17.17 billion, a price-to-earnings ratio of -3,451.25, a price-to-earnings-growth ratio of 2.16 and a beta of 1.99. The company has a fifty day simple moving average of $38.23 and a two-hundred day simple moving average of $34.57. Toast, Inc. has a one year low of $21.32 and a one year high of $44.12.

Toast (NYSE:TOST - Get Free Report) last issued 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 the consensus estimate of $1.32 billion. Toast had a return on equity of 1.54% and a net margin of 0.40%. On average, equities research analysts anticipate that Toast, Inc. will post 0.39 earnings per share for the current year.

Wall Street Analyst Weigh In

TOST has been the topic of several analyst reports. Robert W. Baird lifted their price target on shares of Toast from $38.00 to $40.00 and gave the company a "neutral" rating in a report on Thursday, February 20th. JPMorgan Chase & Co. lifted their target price on shares of Toast from $36.00 to $42.00 and gave the company a "neutral" rating in a research note on Thursday, February 20th. Needham & Company LLC reiterated a "buy" rating and issued a $50.00 price target on shares of Toast in a research note on Thursday, February 20th. Royal Bank of Canada boosted their price objective on Toast from $40.00 to $45.00 and gave the company a "sector perform" rating in a research report on Thursday, February 20th. Finally, Canaccord Genuity Group increased their target price on Toast from $43.00 to $48.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $40.48.

Insider Activity

In related news, General Counsel Brian R. Elworthy sold 653 shares of the business's stock in a transaction on 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 transaction, the general counsel now owns 209,206 shares in the company, valued at $8,290,833.78. The trade was a 0.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christopher P. Comparato sold 145,000 shares of the stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $36.04, for a total value of $5,225,800.00. Following the completion of the sale, the director now owns 182,451 shares in the company, valued at approximately $6,575,534.04. The trade was a 44.28 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 220,119 shares of company stock valued at $7,797,608. 13.32% of the stock is currently owned by company insiders.

About Toast

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.