Knights of Columbus Asset Advisors LLC Purchases 19,063 Shares of Toast, Inc. (NYSE:TOST)

Knights of Columbus Asset Advisors LLC increased its stake in Toast, Inc. (NYSE:TOST - Free Report) by 77.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,596 shares of the company's stock after acquiring an additional 19,063 shares during the period. Knights of Columbus Asset Advisors LLC's holdings in Toast were worth $1,589,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Geode Capital Management LLC boosted its stake in Toast by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 6,865,934 shares of the company's stock valued at $193,992,000 after purchasing an additional 155,212 shares in the last quarter. MML Investors Services LLC lifted its holdings in shares of Toast by 40.6% in the third quarter. MML Investors Services LLC now owns 228,313 shares of the company's stock valued at $6,464,000 after buying an additional 65,957 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Toast by 5.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,938,487 shares of the company's stock valued at $107,108,000 after buying an additional 155,446 shares in the last quarter. Qsemble Capital Management LP grew its holdings in Toast by 52.1% during the third quarter. Qsemble Capital Management LP now owns 67,796 shares of the company's stock worth $1,919,000 after acquiring an additional 23,231 shares during the period. Finally, FMR LLC raised its position in Toast by 50.5% in the third quarter. FMR LLC now owns 24,449,743 shares of the company's stock worth $692,172,000 after acquiring an additional 8,205,053 shares in the last quarter. Institutional investors and hedge funds own 82.91% of the company's stock.

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Insider Transactions at Toast

In other Toast news, CRO Jonathan Vassil sold 1,006 shares of the firm's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total transaction of $39,867.78. Following the completion of the transaction, the executive now owns 48,488 shares in the company, valued at $1,921,579.44. This trade represents a 2.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Brian R. Elworthy sold 653 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total value of $25,878.39. Following the completion of the sale, the general counsel now owns 209,206 shares in the company, valued at approximately $8,290,833.78. This represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 270,770 shares of company stock valued at $9,409,211. 13.32% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TOST. Robert W. Baird lifted their price objective on shares of Toast from $38.00 to $40.00 and gave the stock a "neutral" rating in a research note on Thursday, February 20th. Canaccord Genuity Group upped their price target on Toast from $43.00 to $48.00 and gave the company a "buy" rating in a report on Thursday, February 20th. Keefe, Bruyette & Woods lifted their target price on Toast from $40.00 to $42.00 and gave the stock a "market perform" rating in a report on Thursday, February 20th. DA Davidson reaffirmed a "neutral" rating and set a $38.00 target price (down from $44.00) on shares of Toast in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. increased their price target on Toast from $36.00 to $42.00 and gave the company a "neutral" rating in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Toast has a consensus rating of "Hold" and a consensus price target of $40.48.

Toast Trading Down 1.7 %

Toast stock traded down $0.61 on Thursday, reaching $35.36. 4,610,227 shares of the stock were exchanged, compared to its average volume of 6,508,499. Toast, Inc. has a twelve month low of $21.32 and a twelve month high of $44.12. The firm has a fifty day moving average price of $37.80 and a two-hundred day moving average price of $35.33. The stock has a market cap of $17.47 billion, a PE ratio of -3,532.27, a PEG ratio of 2.16 and a beta of 1.99.

Toast (NYSE:TOST - Get Free Report) last posted its quarterly earnings data 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). The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. Toast had a return on equity of 1.54% and a net margin of 0.40%. Equities analysts anticipate that Toast, Inc. will post 0.39 EPS for the current fiscal year.

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.