Russell Investments Group Ltd. Has $4.93 Million Stock Position in Toast, Inc. (NYSE:TOST)

Russell Investments Group Ltd. raised its position in shares of Toast, Inc. (NYSE:TOST - Free Report) by 77.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 135,365 shares of the company's stock after purchasing an additional 59,231 shares during the quarter. Russell Investments Group Ltd.'s holdings in Toast were worth $4,934,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC lifted its position in shares of Toast by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 6,865,934 shares of the company's stock valued at $193,992,000 after acquiring an additional 155,212 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Toast by 5.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,938,487 shares of the company's stock valued at $107,108,000 after purchasing an additional 155,446 shares during the last quarter. Jupiter Asset Management Ltd. boosted its position in shares of Toast by 134.3% in the 4th quarter. Jupiter Asset Management Ltd. now owns 392,853 shares of the company's stock valued at $14,319,000 after purchasing an additional 225,215 shares during the period. New York Life Investment Management LLC acquired a new position in shares of Toast in the fourth quarter worth about $1,572,000. Finally, Forsta AP Fonden grew its position in Toast by 191.4% during the 4th quarter. Forsta AP Fonden now owns 234,300 shares of the company's stock worth $8,540,000 after purchasing an additional 153,900 shares in the last quarter. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Toast Trading Up 0.0 %

Shares of Toast stock traded up $0.01 during trading on Friday, reaching $34.30. The company's stock had a trading volume of 4,887,706 shares, compared to its average volume of 6,819,214. The stock has a 50-day moving average price of $35.55 and a two-hundred day moving average price of $36.04. The stock has a market capitalization of $16.95 billion, a P/E ratio of -3,426.97, a price-to-earnings-growth 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.

Toast (NYSE:TOST - Get Free Report) last announced its 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 during the quarter, compared to the consensus estimate of $1.32 billion. Toast had a return on equity of 1.54% and a net margin of 0.40%. As a group, sell-side analysts anticipate that Toast, Inc. will post 0.39 EPS for the current fiscal year.

Insider Activity at Toast

In other news, President Stephen Fredette sold 1,068 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total transaction of $42,324.84. Following the completion of the transaction, the president now directly owns 1,644,656 shares in the company, valued at approximately $65,177,717.28. The trade was a 0.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christopher P. Comparato sold 70,000 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $35.71, for a total transaction of $2,499,700.00. Following the completion of the sale, the director now owns 164,796 shares in the company, valued at approximately $5,884,865.16. This trade represents a 29.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 270,770 shares of company stock worth $9,409,211 over the last 90 days. Insiders own 13.32% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on Toast from $36.00 to $42.00 and gave the stock a "neutral" rating in a research note on Thursday, February 20th. Morgan Stanley decreased their price target on shares of Toast from $50.00 to $46.00 and set an "overweight" rating for the company in a report on Wednesday. UBS Group increased their target price on shares of Toast from $41.00 to $47.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. The Goldman Sachs Group cut their price objective on Toast from $43.00 to $38.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods lifted their price target on Toast from $40.00 to $42.00 and gave the company a "market perform" rating in a report on Thursday, February 20th. Thirteen analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $40.09.

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.