Toast, Inc. (NYSE:TOST) Shares Purchased by Aviva PLC

Aviva PLC increased its stake in shares of Toast, Inc. (NYSE:TOST - Free Report) by 9.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 216,312 shares of the company's stock after purchasing an additional 17,962 shares during the quarter. Aviva PLC's holdings in Toast were worth $7,885,000 at the end of the most recent quarter.

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

Toast Price Performance

NYSE TOST traded up $1.04 on Monday, hitting $35.12. 1,000,469 shares of the company's stock were exchanged, compared to its average volume of 6,799,028. The firm has a market cap of $17.35 billion, a price-to-earnings ratio of -3,508.49, a P/E/G ratio of 2.16 and a beta of 2.00. The firm's 50-day moving average price is $36.10 and its two-hundred day moving average price is $35.97. Toast, Inc. has a fifty-two week low of $21.32 and a fifty-two week high of $44.12.

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Toast (NYSE:TOST - Get Free Report) last announced its quarterly earnings data 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 business 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, research analysts predict that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Transactions at Toast

In related news, Director Christopher P. Comparato sold 70,000 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $35.71, for a total value of $2,499,700.00. Following the completion of the transaction, the director now directly owns 164,796 shares of the company's stock, valued at $5,884,865.16. This trade represents a 29.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Stephen Fredette sold 70,340 shares of Toast stock in a transaction on Friday, March 7th. The stock was sold at an average price of $33.87, for a total value of $2,382,415.80. Following the transaction, the president now directly owns 1,574,316 shares of the company's stock, valued at approximately $53,322,082.92. This represents a 4.28 % 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 valued at $9,409,211 in the last ninety days. 13.32% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Keefe, Bruyette & Woods upped 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. Needham & Company LLC restated a "buy" rating and issued a $50.00 target price on shares of Toast in a report on Thursday, February 20th. Royal Bank of Canada boosted their price target on shares of Toast from $40.00 to $45.00 and gave the company a "sector perform" rating in a research report on Thursday, February 20th. Wells Fargo & Company raised Toast from an "underweight" rating to an "overweight" rating and raised their price objective for the stock from $30.00 to $39.00 in a report on Thursday. Finally, Evercore ISI began coverage on Toast in a report on Wednesday, April 9th. They issued an "in-line" rating and a $29.00 target price for the company. Thirteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $40.27.

About Toast

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.