T. Rowe Price Investment Management Inc. Has $526.24 Million Stock Holdings in Toast, Inc. (NYSE:TOST)

T. Rowe Price Investment Management Inc. decreased its holdings in shares of Toast, Inc. (NYSE:TOST - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,437,402 shares of the company's stock after selling 233,109 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 3.07% of Toast worth $526,244,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Blue Trust Inc. increased its position in Toast by 120.4% during the fourth quarter. Blue Trust Inc. now owns 692 shares of the company's stock worth $25,000 after buying an additional 378 shares during the last quarter. Piscataqua Savings Bank acquired a new position in shares of Toast during the 4th quarter valued at about $26,000. Stonebridge Financial Group LLC bought a new position in shares of Toast in the 4th quarter valued at approximately $34,000. SBI Securities Co. Ltd. acquired a new stake in Toast in the 4th quarter worth approximately $35,000. Finally, Wingate Wealth Advisors Inc. bought a new stake in Toast during the fourth quarter worth approximately $40,000. Institutional investors own 82.91% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Robert W. Baird boosted their target price on shares of Toast from $38.00 to $40.00 and gave the stock a "neutral" rating in a research report on Thursday, February 20th. BMO Capital Markets upped their price target on Toast from $46.00 to $48.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Morgan Stanley lowered their price objective on shares of Toast from $50.00 to $46.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Needham & Company LLC reiterated a "buy" rating and set a $50.00 target price on shares of Toast in a research note on Thursday, February 20th. Finally, Canaccord Genuity Group increased their price target on shares of Toast from $43.00 to $48.00 and gave the company a "buy" rating in a report on Thursday, February 20th. Thirteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $40.09.

Toast Stock Up 3.3 %

Shares of Toast stock opened at $34.16 on Wednesday. The stock has a market capitalization of $16.88 billion, a P/E ratio of -3,412.59, a price-to-earnings-growth 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. The company has a 50-day simple moving average of $35.30 and a 200 day simple moving average of $36.23.

Toast (NYSE:TOST - Get Free Report) last posted its quarterly earnings data 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 analyst estimates of $1.32 billion. Toast had a return on equity of 1.54% and a net margin of 0.40%. On average, equities analysts anticipate that Toast, Inc. will post 0.39 earnings per share for the current year.

Insider Buying and Selling at Toast

In other news, President Stephen Fredette sold 1,068 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total transaction of $42,324.84. Following the sale, the president now directly owns 1,644,656 shares of the company's stock, valued at $65,177,717.28. This represents a 0.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Elena Gomez sold 2,052 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 $81,320.76. Following the completion of the transaction, the chief financial officer now owns 160,498 shares of the company's stock, valued at $6,360,535.74. This trade represents a 1.26 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 340,770 shares of company stock worth $11,803,911. 13.32% of the stock is currently owned by 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.

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