Toast, Inc. (NYSE:TOST) Position Raised by Natixis Advisors LLC

Natixis Advisors LLC boosted its stake in Toast, Inc. (NYSE:TOST - Free Report) by 10.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,614 shares of the company's stock after purchasing an additional 8,355 shares during the period. Natixis Advisors LLC's holdings in Toast were worth $3,303,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its stake in shares of Toast by 1.3% in the third quarter. Victory Capital Management Inc. now owns 49,663 shares of the company's stock valued at $1,406,000 after buying an additional 661 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Toast in the third quarter valued at approximately $257,000. Charles Schwab Investment Management Inc. raised its stake in shares of Toast by 4.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,783,041 shares of the company's stock valued at $78,788,000 after purchasing an additional 113,995 shares during the period. Raymond James Trust N.A. lifted its position in shares of Toast by 103.4% during the third quarter. Raymond James Trust N.A. now owns 41,500 shares of the company's stock worth $1,175,000 after purchasing an additional 21,100 shares in the last quarter. Finally, Citigroup Inc. lifted its position in shares of Toast by 8.5% during the third quarter. Citigroup Inc. now owns 276,974 shares of the company's stock worth $7,841,000 after purchasing an additional 21,675 shares in the last quarter. 82.91% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

TOST has been the topic of several analyst reports. The Goldman Sachs Group set a $40.00 price target on shares of Toast and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. UBS Group lifted their target price on Toast from $41.00 to $47.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. BNP Paribas set a $37.00 price target on Toast and gave the company a "neutral" rating in a report on Wednesday, February 19th. 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, February 20th. Finally, Royal Bank of Canada increased their target price on Toast from $40.00 to $45.00 and gave the company a "sector perform" rating in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Toast has an average rating of "Hold" and a consensus price target of $40.48.

Toast Stock Up 0.6 %

TOST stock traded up $0.23 during midday trading on Tuesday, reaching $36.38. The company had a trading volume of 5,878,130 shares, compared to its average volume of 6,518,815. The stock has a 50 day moving average price of $37.84 and a 200 day moving average price of $35.23. The firm has a market capitalization of $17.97 billion, a PE ratio of -3,634.37, a P/E/G ratio of 2.16 and a beta of 1.99. 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 quarterly earnings data on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). Toast had a net margin of 0.40% and a return on equity of 1.54%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. Research analysts predict that Toast, Inc. will post 0.39 EPS for the current year.

Insider Buying and Selling

In related news, 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 value 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. This trade represents a 4.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christopher P. Comparato sold 70,000 shares of the business's stock in a transaction 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 transaction, the director now owns 164,796 shares of the company's stock, valued at $5,884,865.16. This trade represents a 29.81 % 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 valued at $9,409,211 in the last quarter. Company insiders own 13.32% of the company's stock.

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.