Dynamic Technology Lab Private Ltd Boosts Stock Position in Toast, Inc. (NYSE:TOST)

Dynamic Technology Lab Private Ltd raised its holdings in Toast, Inc. (NYSE:TOST - Free Report) by 195.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,708 shares of the company's stock after buying an additional 28,240 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Toast were worth $1,557,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. lifted its position in 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 acquiring an additional 378 shares in the last quarter. Piscataqua Savings Bank bought a new position in shares of Toast in the fourth quarter valued at approximately $26,000. Stonebridge Financial Group LLC purchased a new position in shares of Toast during the fourth quarter valued at approximately $34,000. SBI Securities Co. Ltd. bought a new stake in Toast during the fourth quarter worth $35,000. Finally, Wingate Wealth Advisors Inc. purchased a new stake in Toast in the 4th quarter valued at $40,000. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Deval L. Patrick sold 34,222 shares of the company's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $33.01, for a total value of $1,129,668.22. Following the completion of the sale, the director now owns 13,260 shares of the company's stock, valued at approximately $437,712.60. This represents a 72.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Stephen Fredette sold 1,068 shares of the firm's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total value of $42,324.84. Following the transaction, the president now directly owns 1,644,656 shares in the company, valued at $65,177,717.28. This trade represents a 0.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 270,770 shares of company stock worth $9,409,211. Corporate insiders own 13.32% of the company's stock.

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Toast Stock Down 3.4 %

TOST traded down $1.18 during trading on Thursday, reaching $33.20. 3,565,772 shares of the company were exchanged, compared to its average volume of 6,804,649. The company's 50-day moving average is $36.34 and its two-hundred day moving average is $35.83. Toast, Inc. has a 12-month low of $21.32 and a 12-month high of $44.12. The company has a market cap of $16.40 billion, a price-to-earnings ratio of -3,309.29, a P/E/G ratio of 2.16 and a beta of 2.00.

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 business 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%. Equities analysts forecast that Toast, Inc. will post 0.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TOST. BMO Capital Markets lifted their price objective on shares of Toast from $46.00 to $48.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. JPMorgan Chase & Co. boosted their price target on shares of Toast from $36.00 to $42.00 and gave the stock a "neutral" rating in a report on Thursday, February 20th. Royal Bank of Canada increased their price objective on shares of Toast from $40.00 to $45.00 and gave the company a "sector perform" rating in a research note on Thursday, February 20th. The Goldman Sachs Group dropped their target price on shares of Toast from $43.00 to $38.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Finally, BNP Paribas set a $37.00 target price on Toast and gave the company a "neutral" rating in a report on Wednesday, February 19th. Thirteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $40.27.

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.