Toast, Inc. (NYSE:TOST) Shares Purchased by Fmr LLC

FMR LLC boosted its holdings in shares of Toast, Inc. (NYSE:TOST - Free Report) by 22.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,853,639 shares of the company's stock after acquiring an additional 5,403,896 shares during the quarter. FMR LLC owned 6.34% of Toast worth $1,088,165,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Toast by 0.8% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 38,632 shares of the company's stock valued at $1,408,000 after acquiring an additional 301 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Toast by 11.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,435 shares of the company's stock worth $125,000 after purchasing an additional 358 shares during the period. Mirador Capital Partners LP raised its position in Toast by 0.9% during the 4th quarter. Mirador Capital Partners LP now owns 41,938 shares of the company's stock valued at $1,529,000 after purchasing an additional 360 shares in the last quarter. Blue Trust Inc. raised its position in Toast by 120.4% during the 4th quarter. Blue Trust Inc. now owns 692 shares of the company's stock valued at $25,000 after purchasing an additional 378 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Toast by 19.8% in the 4th quarter. Farther Finance Advisors LLC now owns 2,435 shares of the company's stock worth $89,000 after buying an additional 402 shares during the period. Institutional investors own 82.91% of the company's stock.

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Insider Transactions at Toast

In other Toast news, Director Christopher P. Comparato sold 70,000 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $35.71, for a total value of $2,499,700.00. Following the completion of the transaction, the director now directly owns 164,796 shares of the company's stock, valued at approximately $5,884,865.16. The trade was a 29.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Stephen Fredette sold 70,340 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $33.87, for a total transaction of $2,382,415.80. Following the sale, the president now directly owns 1,574,316 shares in the company, valued at $53,322,082.92. The trade was a 4.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 270,770 shares of company stock worth $9,409,211 over the last 90 days. 13.32% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on TOST shares. The Goldman Sachs Group decreased their price objective on Toast from $43.00 to $38.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. UBS Group upped their price target on shares of Toast from $41.00 to $47.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Wells Fargo & Company raised shares of Toast from an "underweight" rating to an "overweight" rating and boosted their price objective for the stock from $30.00 to $39.00 in a research note on Thursday. Needham & Company LLC reaffirmed a "buy" rating and set a $50.00 target price on shares of Toast in a research report on Thursday, February 20th. Finally, Morgan Stanley lifted their price target on Toast from $46.00 to $50.00 and gave the company an "overweight" rating in a report on Thursday, February 20th. Thirteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Toast has a consensus rating of "Hold" and an average target price of $40.27.

Toast Price Performance

TOST traded up $0.72 on Friday, reaching $34.08. 4,861,718 shares of the stock were exchanged, compared to its average volume of 6,821,716. The company's 50-day moving average price is $36.10 and its 200 day moving average price is $35.97. The firm has a market capitalization of $16.83 billion, a PE ratio of -3,404.30, a PEG ratio of 2.16 and a beta of 2.00. Toast, Inc. has a fifty-two week low of $21.32 and a fifty-two week high of $44.12.

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

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.