Toast, Inc. (NYSE:TOST) Shares Bought by Swiss National Bank

Swiss National Bank boosted its stake in Toast, Inc. (NYSE:TOST - Free Report) by 2.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,106,900 shares of the company's stock after purchasing an additional 31,300 shares during the period. Swiss National Bank owned about 0.24% of Toast worth $40,347,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its stake in shares of Toast by 1.3% in the third quarter. Victory Capital Management Inc. now owns 49,663 shares of the company's stock worth $1,406,000 after acquiring an additional 661 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new position in shares of Toast in the third quarter worth $397,000. KBC Group NV grew its stake in shares of Toast by 66.5% in the third quarter. KBC Group NV now owns 42,838 shares of the company's stock worth $1,213,000 after acquiring an additional 17,106 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of Toast by 3.7% in the third quarter. CIBC Asset Management Inc now owns 12,614 shares of the company's stock worth $357,000 after acquiring an additional 448 shares in the last quarter. Finally, Natixis Advisors LLC grew its stake in shares of Toast by 43.9% in the third quarter. Natixis Advisors LLC now owns 82,259 shares of the company's stock worth $2,329,000 after acquiring an additional 25,113 shares in the last quarter. Institutional investors and hedge funds own 82.91% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on TOST. The Goldman Sachs Group set a $40.00 price target on shares of Toast and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. Wells Fargo & Company boosted their target price on shares of Toast from $25.00 to $30.00 and gave the stock an "underweight" rating in a research note on Thursday, January 16th. Oppenheimer began coverage on shares of Toast in a research note on Friday, January 24th. They set an "outperform" rating and a $46.00 target price for the company. Compass Point began coverage on shares of Toast in a research note on Wednesday, November 20th. They set a "buy" rating and a $49.00 target price for the company. Finally, BMO Capital Markets boosted their target price on shares of Toast from $46.00 to $48.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Toast has an average rating of "Hold" and an average price target of $40.48.

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Insider Activity

In related news, President Stephen Fredette sold 47,073 shares of the firm's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $35.03, for a total transaction of $1,648,967.19. Following the completion of the sale, the president now directly owns 1,491,773 shares of the company's stock, valued at approximately $52,256,808.19. This trade represents a 3.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Deval L. Patrick sold 34,222 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $33.01, for a total transaction of $1,129,668.22. Following the sale, the director now directly owns 13,260 shares of the company's stock, valued at approximately $437,712.60. The trade was a 72.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 156,714 shares of company stock valued at $5,360,943. Company insiders own 13.32% of the company's stock.

Toast Price Performance

NYSE:TOST traded up $0.80 during trading hours on Thursday, reaching $35.90. 7,646,468 shares of the company were exchanged, compared to its average volume of 6,513,182. The firm has a market cap of $17.73 billion, a price-to-earnings ratio of -3,586.01, a PEG ratio of 2.16 and a beta of 1.99. Toast, Inc. has a 52-week low of $21.32 and a 52-week high of $44.12. The stock has a 50 day simple moving average of $37.90 and a 200 day simple moving average of $34.91.

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

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.