Quantbot Technologies LP Purchases 94,382 Shares of Toast, Inc. (NYSE:TOST)

Quantbot Technologies LP boosted its stake in Toast, Inc. (NYSE:TOST - Free Report) by 4,351.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 96,551 shares of the company's stock after acquiring an additional 94,382 shares during the period. Quantbot Technologies LP's holdings in Toast were worth $3,519,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. FMR LLC raised its stake in Toast by 50.5% in the 3rd quarter. FMR LLC now owns 24,449,743 shares of the company's stock valued at $692,172,000 after acquiring an additional 8,205,053 shares during the period. ValueAct Holdings L.P. purchased a new stake in shares of Toast during the 3rd quarter valued at approximately $438,301,000. State Street Corp boosted its holdings in Toast by 2.5% in the 3rd quarter. State Street Corp now owns 8,325,292 shares of the company's stock worth $235,689,000 after buying an additional 206,789 shares during the period. Geode Capital Management LLC lifted its position in shares of Toast by 2.3% during the third quarter. Geode Capital Management LLC now owns 6,865,934 shares of the company's stock worth $193,992,000 after acquiring an additional 155,212 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Toast by 5.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,938,487 shares of the company's stock worth $107,108,000 after acquiring an additional 155,446 shares during the period. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

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Toast Trading Up 0.6 %

Toast stock traded up $0.20 on Tuesday, hitting $36.35. 2,543,309 shares of the stock traded hands, compared to its average volume of 6,506,809. The business's fifty day simple moving average is $37.84 and its 200 day simple moving average is $35.23. The firm has a market cap of $17.96 billion, a P/E ratio of -3,640.96, a price-to-earnings-growth ratio of 2.16 and a beta of 1.99. Toast, Inc. has a 1 year low of $21.32 and a 1 year high of $44.12.

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TOST. BMO Capital Markets increased their price objective on Toast from $46.00 to $48.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. JPMorgan Chase & Co. upped their target price on shares of Toast from $36.00 to $42.00 and gave the stock a "neutral" rating in a report on Thursday, February 20th. Morgan Stanley boosted their price target on shares of Toast from $46.00 to $50.00 and gave the company an "overweight" rating in a research report on Thursday, February 20th. The Goldman Sachs Group set a $40.00 price objective on Toast and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. Finally, UBS Group boosted 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. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $40.48.

Insider Transactions at Toast

In other Toast news, General Counsel Brian R. Elworthy sold 653 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total transaction of $25,878.39. Following the sale, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, President Stephen Fredette sold 1,068 shares of the business'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 $42,324.84. Following the transaction, the president now directly owns 1,644,656 shares in the company, valued at approximately $65,177,717.28. This represents a 0.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 270,770 shares of company stock valued at $9,409,211 over the last quarter. 13.32% of the stock is currently owned by company insiders.

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.