Next Century Growth Investors LLC Takes Position in Toast, Inc. (NYSE:TOST)

Next Century Growth Investors LLC bought a new position in Toast, Inc. (NYSE:TOST - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 45,470 shares of the company's stock, valued at approximately $1,657,000.

A number of other hedge funds also recently bought and sold shares of the business. Blue Trust Inc. grew its position in shares of Toast by 120.4% in the 4th quarter. Blue Trust Inc. now owns 692 shares of the company's stock worth $25,000 after buying an additional 378 shares during the last quarter. Piscataqua Savings Bank purchased a new stake in Toast in the fourth quarter worth $26,000. Stonebridge Financial Group LLC bought a new stake in Toast in the fourth quarter valued at $34,000. SBI Securities Co. Ltd. bought a new stake in Toast in the fourth quarter valued at $35,000. Finally, Wingate Wealth Advisors Inc. bought a new position in Toast in the 4th quarter worth $40,000. Hedge funds and other institutional investors own 82.91% of the company's stock.

Insider Transactions at Toast

In related news, CFO Elena Gomez sold 2,052 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total value of $81,320.76. Following the transaction, the chief financial officer now directly owns 160,498 shares of the company's stock, valued at approximately $6,360,535.74. This trade represents a 1.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Brian R. Elworthy sold 653 shares of Toast stock in a transaction 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 transaction, the general counsel now owns 209,206 shares in the company, valued at $8,290,833.78. This trade represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 270,770 shares of company stock worth $9,409,211 in the last quarter. Company insiders own 13.32% of the company's stock.

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Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Canaccord Genuity Group lifted their target price on shares of Toast from $43.00 to $48.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. Wells Fargo & Company raised Toast from an "underweight" rating to an "overweight" rating and lifted their price objective for the company from $30.00 to $39.00 in a research report on Thursday, April 10th. Royal Bank of Canada increased their target price on Toast from $40.00 to $45.00 and gave the stock a "sector perform" 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 research report on Wednesday, February 19th. Finally, Robert W. Baird increased 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. Thirteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $40.27.

Toast Stock Up 0.7 %

TOST traded up $0.23 during mid-day trading on Tuesday, reaching $34.85. 4,128,510 shares of the company traded hands, compared to its average volume of 6,812,315. The company's fifty day moving average price is $35.97 and its 200-day moving average price is $36.02. The stock has a market capitalization of $17.22 billion, a P/E ratio of -3,481.82, a P/E/G ratio of 2.16 and a beta of 2.00. Toast, Inc. has a 52-week low of $21.32 and a 52-week high of $44.12.

Toast (NYSE:TOST - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). The firm had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.32 billion. Toast had a net margin of 0.40% and a return on equity of 1.54%. As a group, sell-side analysts forecast that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

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.