Toast, Inc. (NYSE:TOST) Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. raised its stake in Toast, Inc. (NYSE:TOST - Free Report) by 13.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 138,734 shares of the company's stock after acquiring an additional 16,489 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Toast were worth $5,203,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Toast by 0.8% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 38,632 shares of the company's stock worth $1,408,000 after acquiring an additional 301 shares during the last quarter. Mirador Capital Partners LP lifted its stake in shares of Toast by 0.9% during the 4th quarter. Mirador Capital Partners LP now owns 41,938 shares of the company's stock worth $1,529,000 after purchasing an additional 360 shares during the period. Blue Trust Inc. lifted its stake in shares of Toast by 120.4% during the 4th quarter. Blue Trust Inc. now owns 692 shares of the company's stock worth $25,000 after purchasing an additional 378 shares during the period. D.A. Davidson & CO. boosted its holdings in shares of Toast by 1.9% during the third quarter. D.A. Davidson & CO. now owns 22,100 shares of the company's stock worth $626,000 after purchasing an additional 409 shares during the last quarter. Finally, Private Advisor Group LLC grew its position in shares of Toast by 1.6% in the third quarter. Private Advisor Group LLC now owns 28,151 shares of the company's stock valued at $797,000 after purchasing an additional 441 shares during the period. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TOST has been the topic of several recent analyst reports. UBS Group increased their target price on Toast from $41.00 to $47.00 and gave the stock a "buy" rating in a research report on Thursday. Robert W. Baird increased their price objective on shares of Toast from $38.00 to $40.00 and gave the stock a "neutral" rating in a report on Thursday. Compass Point initiated coverage on shares of Toast in a research report on Wednesday, November 20th. They issued a "buy" rating and a $49.00 target price on the stock. JPMorgan Chase & Co. upped their price target on shares of Toast from $36.00 to $42.00 and gave the stock a "neutral" rating in a research report on Thursday. Finally, The Goldman Sachs Group decreased their price target on shares of Toast from $45.00 to $40.00 and set a "neutral" rating on the stock in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Toast currently has an average rating of "Hold" and an average price target of $40.23.

Toast Price Performance

NYSE TOST traded down $2.58 on Friday, reaching $37.68. The company had a trading volume of 9,872,585 shares, compared to its average volume of 6,186,718. The firm has a market capitalization of $17.75 billion, a PE ratio of -3,764.44, a P/E/G ratio of 2.16 and a beta of 1.98. The firm has a 50-day moving average of $38.60 and a 200-day moving average of $33.35. Toast, Inc. has a 1 year low of $20.57 and a 1 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 the consensus estimate of $0.06 by ($0.01). Toast had a net margin of 0.40% and a return on equity of 1.54%. The firm had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.32 billion. As a group, sell-side analysts expect that Toast, Inc. will post 0.38 EPS for the current fiscal year.

Insider Activity

In related news, General Counsel Brian R. Elworthy sold 653 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 $25,878.39. Following the sale, the general counsel now directly owns 209,206 shares of the company's stock, valued at $8,290,833.78. This represents a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David Yuan sold 189,785 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $43.01, for a total transaction of $8,162,652.85. Following the transaction, the director now owns 198,829 shares in the company, valued at $8,551,635.29. This trade represents a 48.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 339,564 shares of company stock worth $13,577,845 over the last ninety days. Corporate 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.