Hussman Strategic Advisors Inc. Takes Position in Toast, Inc. (NYSE:TOST)

Hussman Strategic Advisors Inc. bought a new position in Toast, Inc. (NYSE:TOST - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 63,000 shares of the company's stock, valued at approximately $2,296,000.

A number of other institutional investors have also recently made changes to their positions in TOST. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Toast by 61.1% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 38,331 shares of the company's stock valued at $1,085,000 after acquiring an additional 14,538 shares in the last quarter. Raleigh Capital Management Inc. lifted its holdings in shares of Toast by 93.4% during the third quarter. Raleigh Capital Management Inc. now owns 1,491 shares of the company's stock valued at $42,000 after purchasing an additional 720 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of Toast by 1.6% during the third quarter. Private Advisor Group LLC now owns 28,151 shares of the company's stock valued at $797,000 after purchasing an additional 441 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Toast by 2,731.0% during the third quarter. International Assets Investment Management LLC now owns 95,971 shares of the company's stock valued at $2,717,000 after buying an additional 92,581 shares during the last quarter. Finally, Taylor Frigon Capital Management LLC bought a new stake in Toast in the 3rd quarter worth about $1,277,000. Hedge funds and other institutional investors own 82.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Compass Point assumed coverage on shares of Toast in a research note on Wednesday, November 20th. They set a "buy" rating and a $49.00 target price on the stock. BMO Capital Markets raised their target price on shares of Toast from $46.00 to $48.00 and gave the stock an "outperform" rating in a report on Thursday. Wedbush boosted their target price on shares of Toast from $35.00 to $45.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Piper Sandler raised their price target on Toast from $25.00 to $35.00 and gave the stock a "neutral" rating in a research note on Monday, November 11th. Finally, Robert W. Baird lifted their price objective on Toast from $38.00 to $40.00 and gave the stock a "neutral" rating in a report on Thursday. One equities 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. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $40.23.

Toast Stock Down 6.4 %

TOST stock traded down $2.58 during trading on Friday, reaching $37.68. The company's stock had a trading volume of 9,872,756 shares, compared to its average volume of 6,186,769. The company's fifty day moving average is $38.60 and its 200-day moving average is $33.44. The company has a market capitalization of $17.75 billion, a P/E ratio of -3,764.44, a price-to-earnings-growth ratio of 2.16 and a beta of 1.98. Toast, Inc. has a 1 year low of $20.57 and a 1 year high of $44.12.

Toast (NYSE:TOST - Get Free Report) last released its earnings results 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 anticipate that Toast, Inc. will post 0.38 earnings per share for the current year.

Insider Transactions at Toast

In other Toast news, Director Christopher P. Comparato sold 145,000 shares of Toast stock in a transaction that occurred 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 sale, the director now owns 182,451 shares of the company's stock, valued at $6,575,534.04. The trade was a 44.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director David Yuan sold 189,785 shares of the company's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $43.01, for a total value of $8,162,652.85. Following the sale, the director now directly owns 198,829 shares in the company, valued at $8,551,635.29. This trade represents a 48.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 339,564 shares of company stock valued at $13,577,845. 13.32% of the stock is currently owned by corporate insiders.

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.