State of New Jersey Common Pension Fund D Buys 11,399 Shares of Toast, Inc. (NYSE:TOST)

State of New Jersey Common Pension Fund D grew its position in shares of Toast, Inc. (NYSE:TOST - Free Report) by 8.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 146,122 shares of the company's stock after purchasing an additional 11,399 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Toast were worth $5,326,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Blue Trust Inc. lifted its stake in Toast by 120.4% during the fourth quarter. Blue Trust Inc. now owns 692 shares of the company's stock valued at $25,000 after purchasing an additional 378 shares during the last quarter. Piscataqua Savings Bank acquired a new stake in shares of Toast during the 4th quarter valued at $26,000. Stonebridge Financial Group LLC acquired a new stake in shares of Toast during the 4th quarter valued at $34,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Toast during the 4th quarter worth $40,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of Toast in the 4th quarter worth $42,000. Institutional investors own 82.91% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on TOST shares. BNP Paribas downgraded Toast from an "outperform" rating to a "neutral" rating and set a $37.00 target price for the company. in a report on Wednesday, November 20th. Royal Bank of Canada upped their price objective on shares of Toast from $40.00 to $45.00 and gave the company a "sector perform" rating in a research note on Thursday. BMO Capital Markets lifted their target price on shares of Toast from $46.00 to $48.00 and gave the stock an "outperform" rating in a research report on Thursday. Piper Sandler upped their price target on shares of Toast from $25.00 to $35.00 and gave the company a "neutral" rating in a research report on Monday, November 11th. Finally, UBS Group raised their price objective on shares of Toast from $41.00 to $47.00 and gave the stock a "buy" rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $40.23.

Toast Trading Down 6.2 %

Toast stock traded down $2.50 during mid-day trading on Friday, hitting $37.76. 6,112,044 shares of the company's stock were exchanged, compared to its average volume of 6,054,011. Toast, Inc. has a 1-year low of $20.57 and a 1-year high of $44.12. The stock has a 50 day moving average of $38.60 and a two-hundred day moving average of $33.35. The stock has a market cap of $17.78 billion, a P/E ratio of -3,770.63, a P/E/G ratio of 2.16 and a beta of 1.98.

Toast (NYSE:TOST - Get Free Report) last issued 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). 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. As a group, research analysts predict that Toast, Inc. will post 0.38 EPS for the current fiscal year.

Insider Buying and Selling at Toast

In related news, Director Christopher P. Comparato sold 145,000 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $36.04, for a total transaction of $5,225,800.00. Following the completion of the sale, the director now owns 182,451 shares in the company, valued at $6,575,534.04. This represents a 44.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David Yuan sold 189,785 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $43.01, for a total value of $8,162,652.85. Following the completion of the sale, the director now directly owns 198,829 shares in the company, valued at $8,551,635.29. This trade represents a 48.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 339,564 shares of company stock worth $13,577,845 over the last 90 days. 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.