National Bank of Canada FI Makes New $2.57 Million Investment in Toast, Inc. (NYSE:TOST)

National Bank of Canada FI purchased a new position in shares of Toast, Inc. (NYSE:TOST - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 70,465 shares of the company's stock, valued at approximately $2,569,000.

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

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Insider Buying and Selling at Toast

In other Toast news, President Stephen Fredette sold 1,068 shares of the firm'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 transaction of $42,324.84. Following the completion of the sale, the president now directly owns 1,644,656 shares in the company, valued at $65,177,717.28. This trade represents a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 transaction, the general counsel now directly owns 209,206 shares in the company, valued at $8,290,833.78. The trade was a 0.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 270,770 shares of company stock worth $9,409,211 over the last ninety days. Insiders own 13.32% of the company's stock.

Toast Stock Performance

NYSE:TOST traded up $0.72 during mid-day trading on Friday, hitting $34.08. The stock had a trading volume of 4,861,718 shares, compared to its average volume of 6,814,099. The company's 50 day simple moving average is $36.10 and its 200 day simple moving average is $35.91. The stock has a market cap of $16.83 billion, a price-to-earnings ratio of -3,404.30, a PEG ratio of 2.16 and a beta of 2.00. Toast, Inc. has a twelve month low of $21.32 and a twelve month high of $44.12.

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 business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. Toast had a return on equity of 1.54% and a net margin of 0.40%. As a group, equities analysts forecast that Toast, Inc. will post 0.39 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Royal Bank of Canada increased their price target on shares of Toast from $40.00 to $45.00 and gave the company a "sector perform" rating in a research note on Thursday, February 20th. Oppenheimer began coverage on Toast in a research note on Friday, January 24th. They issued an "outperform" rating and a $46.00 target price for the company. Robert W. Baird boosted their target price on Toast from $38.00 to $40.00 and gave the stock a "neutral" rating in a research report on Thursday, February 20th. UBS Group lifted 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. Finally, BMO Capital Markets upped their target price 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. Thirteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $40.27.

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.