Globeflex Capital L P Raises Stock Position in Toast, Inc. (NYSE:TOST)

Globeflex Capital L P boosted its position in shares of Toast, Inc. (NYSE:TOST - Free Report) by 11.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 129,970 shares of the company's stock after acquiring an additional 13,500 shares during the quarter. Globeflex Capital L P's holdings in Toast were worth $4,737,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Toast by 0.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 38,632 shares of the company's stock worth $1,408,000 after purchasing an additional 301 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in Toast by 11.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,435 shares of the company's stock worth $125,000 after buying an additional 358 shares in the last quarter. Mirador Capital Partners LP raised its stake in shares of Toast by 0.9% in the fourth quarter. Mirador Capital Partners LP now owns 41,938 shares of the company's stock worth $1,529,000 after buying an additional 360 shares during the period. Blue Trust Inc. lifted its position in shares of Toast by 120.4% during the 4th quarter. Blue Trust Inc. now owns 692 shares of the company's stock valued at $25,000 after buying an additional 378 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of Toast by 19.8% during the 4th quarter. Farther Finance Advisors LLC now owns 2,435 shares of the company's stock valued at $89,000 after buying an additional 402 shares in the last quarter. Institutional investors own 82.91% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms have commented on TOST. Keefe, Bruyette & Woods raised their target price on shares of Toast from $40.00 to $42.00 and gave the stock a "market perform" rating in a research note on Thursday, February 20th. BNP Paribas set a $37.00 target price on shares of Toast and gave the company a "neutral" rating in a research note on Wednesday, February 19th. Wells Fargo & Company upped their target price on shares of Toast from $25.00 to $30.00 and gave the stock an "underweight" rating in a report on Thursday, January 16th. Compass Point initiated coverage on Toast in a report on Wednesday, November 20th. They set a "buy" rating and a $49.00 price target on the stock. Finally, BMO Capital Markets boosted their price objective on Toast from $46.00 to $48.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $40.48.

Insider Buying and Selling

In related news, Director Deval L. Patrick sold 34,222 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $33.01, for a total transaction of $1,129,668.22. Following the completion of the sale, the director now directly owns 13,260 shares of the company's stock, valued at approximately $437,712.60. This trade represents a 72.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 completion of the transaction, the general counsel now directly owns 209,206 shares in the company, valued at $8,290,833.78. This trade represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 254,641 shares of company stock worth $8,937,776 over the last three months. 13.32% of the stock is owned by insiders.

Toast Trading Up 3.8 %

Shares of NYSE:TOST traded up $1.30 during trading on Wednesday, reaching $35.09. The company's stock had a trading volume of 5,944,330 shares, compared to its average volume of 6,501,172. The stock has a market capitalization of $17.33 billion, a PE ratio of -3,505.39, a price-to-earnings-growth ratio of 2.16 and a beta of 1.99. Toast, Inc. has a 12 month low of $21.32 and a 12 month high of $44.12. The firm's 50 day simple moving average is $37.90 and its two-hundred day simple moving average is $34.91.

Toast (NYSE:TOST - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). The company had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.32 billion. Toast had a net margin of 0.40% and a return on equity of 1.54%. Research analysts anticipate that Toast, Inc. will post 0.39 EPS for the current fiscal year.

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.