Toast, Inc. (NYSE:TOST) Shares Sold by Capital Group Private Client Services Inc.

Capital Group Private Client Services Inc. trimmed its holdings in Toast, Inc. (NYSE:TOST - Free Report) by 1.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,163,002 shares of the company's stock after selling 12,294 shares during the quarter. Capital Group Private Client Services Inc. owned approximately 0.25% of Toast worth $42,391,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its stake in shares of Toast by 5.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,938,487 shares of the company's stock worth $107,108,000 after buying an additional 155,446 shares in the last quarter. Jupiter Asset Management Ltd. lifted its holdings in Toast by 134.3% in the fourth quarter. Jupiter Asset Management Ltd. now owns 392,853 shares of the company's stock valued at $14,319,000 after acquiring an additional 225,215 shares during the period. New York Life Investment Management LLC purchased a new stake in shares of Toast during the 4th quarter worth $1,572,000. Forsta AP Fonden grew its stake in shares of 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 during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Toast by 129,058.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,074,286 shares of the company's stock worth $75,466,000 after purchasing an additional 2,072,680 shares during the period. Hedge funds and other institutional investors own 82.91% of the company's stock.

Insider Transactions at Toast

In related news, President Stephen Fredette sold 1,068 shares of Toast stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total transaction of $42,324.84. Following the transaction, the president now 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 legal filing with the SEC, which can be accessed through this link. Also, General Counsel Brian R. Elworthy sold 653 shares of the 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 sale, the general counsel now owns 209,206 shares of the company's stock, valued at approximately $8,290,833.78. This represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 340,770 shares of company stock worth $11,803,911. 13.32% of the stock is currently owned by company insiders.

Toast Stock Up 3.7 %

Shares of NYSE TOST traded up $1.26 during trading on Wednesday, hitting $35.44. 2,728,144 shares of the company traded hands, compared to its average volume of 6,800,741. The firm has a market capitalization of $17.51 billion, a P/E ratio of -3,540.46, a P/E/G ratio of 2.16 and a beta of 2.00. The company has a 50-day moving average price of $35.18 and a 200-day moving average price of $36.22. Toast, Inc. has a 1 year low of $21.32 and a 1 year high of $44.12.

Toast (NYSE:TOST - Get Free Report) last issued 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 firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.32 billion. Toast had a net margin of 0.40% and a return on equity of 1.54%. Research analysts predict that Toast, Inc. will post 0.39 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on TOST. Wells Fargo & Company raised shares of Toast from an "underweight" rating to an "overweight" rating and increased their target price for the company from $30.00 to $39.00 in a report on Thursday, April 10th. Keefe, Bruyette & Woods raised their price target on Toast from $40.00 to $42.00 and gave the company a "market perform" rating in a research report on Thursday, February 20th. Evercore ISI began coverage on shares of Toast in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $29.00 price objective on the stock. BMO Capital Markets raised their target price on shares of Toast from $46.00 to $48.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Finally, BNP Paribas set a $37.00 price target on shares of Toast and gave the company a "neutral" rating in a report on Wednesday, February 19th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $40.26.

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.