Toast, Inc. (NYSE:TOST) Holdings Increased by Korea Investment CORP

Korea Investment CORP raised its holdings in Toast, Inc. (NYSE:TOST - Free Report) by 2,350.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 236,868 shares of the company's stock after acquiring an additional 227,200 shares during the period. Korea Investment CORP owned 0.05% of Toast worth $8,634,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Mitsubishi UFJ Trust & Banking Corp grew its holdings in Toast by 15.1% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 185,105 shares of the company's stock valued at $6,747,000 after purchasing an additional 24,258 shares during the period. Zevenbergen Capital Investments LLC grew its stake in shares of Toast by 4.6% during the 4th quarter. Zevenbergen Capital Investments LLC now owns 2,202,735 shares of the company's stock valued at $80,290,000 after buying an additional 96,821 shares during the period. Prudential Financial Inc. grew its stake in shares of Toast by 72.9% during the 4th quarter. Prudential Financial Inc. now owns 29,500 shares of the company's stock valued at $1,075,000 after buying an additional 12,440 shares during the period. Sheets Smith Investment Management acquired a new stake in shares of Toast during the 4th quarter worth $1,585,000. Finally, Vanguard Group Inc. raised its position in shares of Toast by 10.8% in the 4th quarter. Vanguard Group Inc. now owns 42,474,232 shares of the company's stock worth $1,548,186,000 after buying an additional 4,147,430 shares during the period. Institutional investors and hedge funds own 82.91% of the company's stock.

Insider Activity

In related news, Director Christopher P. Comparato sold 70,000 shares of the company's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $35.71, for a total transaction of $2,499,700.00. Following the completion of the transaction, the director now directly owns 164,796 shares in the company, valued at $5,884,865.16. This represents a 29.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Brian R. Elworthy sold 653 shares of the business'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 $25,878.39. Following the transaction, the general counsel now directly owns 209,206 shares of the company's stock, valued at $8,290,833.78. The trade was a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 270,770 shares of company stock valued at $9,409,211. Company insiders own 13.32% of the company's stock.

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Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. JPMorgan Chase & Co. upped their price target on Toast from $36.00 to $42.00 and gave the stock a "neutral" rating in a research note on Thursday, February 20th. Oppenheimer started coverage on shares of Toast in a research report on Friday, January 24th. They set an "outperform" rating and a $46.00 target price for the company. BMO Capital Markets lifted their price target on shares of Toast from $46.00 to $48.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. BNP Paribas set a $37.00 price objective on shares of Toast and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. Finally, UBS Group lifted their target price on shares of Toast from $41.00 to $47.00 and gave the company a "buy" rating in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Toast presently has an average rating of "Hold" and a consensus price target of $40.38.

Toast Price Performance

NYSE:TOST traded down $2.08 during mid-day trading on Friday, reaching $30.58. The stock had a trading volume of 10,413,952 shares, compared to its average volume of 6,769,749. The company has a market capitalization of $15.10 billion, a price-to-earnings ratio of -3,054.55, a price-to-earnings-growth ratio of 2.16 and a beta of 2.00. Toast, Inc. has a 1-year low of $21.32 and a 1-year high of $44.12. The stock's 50 day simple moving average is $37.16 and its two-hundred day simple moving average is $35.67.

Toast (NYSE:TOST - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $1.34 billion during 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%. Sell-side 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.