Schroder Investment Management Group Takes Position in Toast, Inc. (NYSE:TOST)

Schroder Investment Management Group acquired a new stake 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. The fund acquired 25,517 shares of the company's stock, valued at approximately $941,000.

Other large investors also recently bought and sold shares of the company. State Street Corp grew its holdings in shares of 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 acquiring an additional 206,789 shares during the period. iA Global Asset Management Inc. acquired a new position in shares of Toast during the 3rd quarter valued at about $332,000. XTX Topco Ltd raised its stake in Toast by 225.3% during the third quarter. XTX Topco Ltd now owns 32,882 shares of the company's stock worth $931,000 after purchasing an additional 22,774 shares during the period. MML Investors Services LLC raised its stake in Toast by 40.6% during the third quarter. MML Investors Services LLC now owns 228,313 shares of the company's stock worth $6,464,000 after purchasing an additional 65,957 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Toast during the 3rd quarter valued at $3,283,000. Hedge funds and other institutional investors own 82.91% of the company's stock.

Insider Buying and Selling at Toast

In related news, President Stephen Fredette sold 1,068 shares of the company's stock in a transaction 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 completion of the sale, the president now owns 1,644,656 shares in the company, valued at $65,177,717.28. This represents a 0.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Brian R. Elworthy sold 653 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 $25,878.39. Following the sale, 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. In the last 90 days, insiders sold 270,770 shares of company stock worth $9,409,211. Insiders own 13.32% of the company's stock.

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Analyst Upgrades and Downgrades

TOST has been the subject of several analyst reports. BMO Capital Markets upped their target price on Toast from $46.00 to $48.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. Keefe, Bruyette & Woods upped their price objective on shares of Toast from $40.00 to $42.00 and gave the company a "market perform" rating in a research report on Thursday, February 20th. The Goldman Sachs Group reduced their target price on Toast from $43.00 to $38.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Morgan Stanley raised their price objective on shares of Toast from $46.00 to $50.00 and gave the stock an "overweight" rating in a report on Thursday, February 20th. Finally, Oppenheimer started coverage on shares of Toast in a research note on Friday, January 24th. They issued an "outperform" rating and a $46.00 target price on the stock. Thirteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $40.27.

Toast Trading Up 2.1 %

TOST stock traded up $0.72 during trading on Friday, hitting $34.08. 4,861,718 shares of the stock traded hands, compared to its average volume of 6,814,099. The stock has a market cap of $16.83 billion, a price-to-earnings ratio of -3,404.30, a P/E/G ratio of 2.16 and a beta of 2.00. Toast, Inc. has a one year low of $21.32 and a one year high of $44.12. The company has a 50 day simple moving average of $36.10 and a 200 day simple moving average of $35.91.

Toast (NYSE:TOST - Get Free Report) last released 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 firm had revenue of $1.34 billion during the quarter, compared to analyst estimates 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 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.