Qtron Investments LLC Takes Position in Toast, Inc. (NYSE:TOST)

Qtron Investments LLC acquired a new position in shares of Toast, Inc. (NYSE:TOST - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 12,273 shares of the company's stock, valued at approximately $447,000.

A number of other large investors have also made changes to their positions in TOST. Arrowstreet Capital Limited Partnership acquired a new position in shares of Toast in the 4th quarter valued at $282,010,000. Norges Bank acquired a new position in Toast in the fourth quarter worth about $205,888,000. FMR LLC lifted its stake in Toast by 22.1% during the fourth quarter. FMR LLC now owns 29,853,639 shares of the company's stock worth $1,088,165,000 after purchasing an additional 5,403,896 shares during the period. Vanguard Group Inc. lifted its stake in Toast by 10.8% during the fourth quarter. Vanguard Group Inc. now owns 42,474,232 shares of the company's stock worth $1,548,186,000 after purchasing an additional 4,147,430 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in Toast by 255.0% during the fourth quarter. Renaissance Technologies LLC now owns 3,504,212 shares of the company's stock valued at $127,729,000 after purchasing an additional 2,517,012 shares in the last quarter. Institutional investors and hedge funds own 82.91% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TOST. BNP Paribas set a $37.00 target price on Toast and gave the stock a "neutral" rating in a report on Wednesday, February 19th. Royal Bank of Canada increased their price objective on Toast from $40.00 to $45.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 20th. Needham & Company LLC restated a "buy" rating and issued a $50.00 target price on shares of Toast in a research note on Thursday, February 20th. Morgan Stanley dropped their price target on Toast from $50.00 to $46.00 and set an "overweight" rating for the company in a report on Wednesday. Finally, The Goldman Sachs Group cut their price objective on Toast from $43.00 to $38.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. 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, the stock has an average rating of "Hold" and an average target price of $40.09.

Toast Trading Up 0.0 %

Shares of NYSE:TOST traded up $0.01 during midday trading on Friday, hitting $34.30. The company had a trading volume of 4,887,706 shares, compared to its average volume of 6,829,247. The firm has a fifty day simple moving average of $35.55 and a 200 day simple moving average of $36.04. The stock has a market cap of $16.95 billion, a price-to-earnings ratio of -3,426.97, a PEG ratio of 2.16 and a beta of 2.00. Toast, Inc. has a 12 month low of $21.32 and a 12 month high of $44.12.

Toast (NYSE:TOST - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company 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 forecast that Toast, Inc. will post 0.39 EPS for the current fiscal year.

Insider Buying and Selling at Toast

In other Toast news, General Counsel Brian R. Elworthy sold 653 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was 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 of the company's stock, valued at approximately $8,290,833.78. The trade was a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Deval L. Patrick sold 34,222 shares of the firm's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $33.01, for a total value of $1,129,668.22. Following the sale, the director now directly owns 13,260 shares in the company, valued at approximately $437,712.60. This represents a 72.07 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 340,770 shares of company stock valued at $11,803,911. Corporate insiders own 13.32% of the company's stock.

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.