Fjarde AP Fonden Fourth Swedish National Pension Fund Boosts Stock Holdings in Toast, Inc. (NYSE:TOST)

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Toast, Inc. (NYSE:TOST - Free Report) by 7.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 96,800 shares of the company's stock after purchasing an additional 7,100 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Toast were worth $3,528,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of TOST. Blue Trust Inc. lifted its holdings in Toast by 120.4% during the fourth quarter. Blue Trust Inc. now owns 692 shares of the company's stock worth $25,000 after buying an additional 378 shares during the period. Piscataqua Savings Bank purchased a new stake in shares of Toast during the 4th quarter valued at $26,000. Stonebridge Financial Group LLC acquired a new stake in shares of Toast in the 4th quarter worth $34,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Toast in the 4th quarter worth $40,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Toast in the 4th quarter worth $42,000. Institutional investors own 82.91% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on TOST shares. Compass Point started coverage on Toast in a research report on Wednesday, November 20th. They issued a "buy" rating and a $49.00 price objective for the company. UBS Group raised 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. Piper Sandler raised their price objective on Toast from $25.00 to $35.00 and gave the stock a "neutral" rating in a research report on Monday, November 11th. DA Davidson reissued a "neutral" rating and issued a $38.00 price objective (down previously from $44.00) on shares of Toast in a research report on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Toast from $24.00 to $30.00 and gave the stock a "hold" rating in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $40.09.

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Toast Stock Performance

Shares of Toast stock traded up $1.12 on Friday, hitting $38.65. The company's stock had a trading volume of 6,954,664 shares, compared to its average volume of 6,422,636. Toast, Inc. has a 1 year low of $21.32 and a 1 year high of $44.12. The firm has a fifty day moving average price of $38.61 and a 200-day moving average price of $33.92. The company has a market capitalization of $18.20 billion, a price-to-earnings ratio of -3,860.74, a price-to-earnings-growth ratio of 2.16 and a beta of 1.98.

Toast (NYSE:TOST - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). Toast had a net margin of 0.40% and a return on equity of 1.54%. The business had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.32 billion. As a group, analysts forecast that Toast, Inc. will post 0.39 EPS for the current year.

Insider Buying and Selling

In other news, Director Christopher P. Comparato sold 145,000 shares of the business's stock in a transaction that occurred on 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Stephen Fredette sold 1,068 shares of the business'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 $42,324.84. Following the transaction, the president now owns 1,644,656 shares in the company, valued at approximately $65,177,717.28. This represents a 0.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 149,779 shares of company stock worth $5,415,192. Insiders own 13.32% of the company's stock.

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.