Toast, Inc. (NYSE:TOST) Shares Sold by Legal & General Group Plc

Legal & General Group Plc lessened its holdings in Toast, Inc. (NYSE:TOST - Free Report) by 26.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 878,119 shares of the company's stock after selling 322,135 shares during the period. Legal & General Group Plc owned about 0.19% of Toast worth $32,007,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Cerity Partners LLC increased its position in shares of Toast by 3.4% in the fourth quarter. Cerity Partners LLC now owns 73,931 shares of the company's stock valued at $2,672,000 after buying an additional 2,405 shares in the last quarter. FMR LLC grew its stake in Toast by 22.1% in the 4th quarter. FMR LLC now owns 29,853,639 shares of the company's stock valued at $1,088,165,000 after acquiring an additional 5,403,896 shares during the period. Federated Hermes Inc. increased its holdings in Toast by 44.2% in the 4th quarter. Federated Hermes Inc. now owns 2,302,206 shares of the company's stock worth $83,965,000 after acquiring an additional 705,573 shares in the last quarter. Thames Capital Management LLC acquired a new position in Toast during the fourth quarter worth $4,433,000. Finally, Atika Capital Management LLC acquired a new position in Toast during the fourth quarter worth $7,020,000. Institutional investors and hedge funds own 82.91% of the company's stock.

Toast Trading Up 0.0 %

Toast stock traded up $0.01 during mid-day trading on Friday, hitting $34.30. The company's stock had a trading volume of 4,887,706 shares, compared to its average volume of 6,819,214. Toast, Inc. has a 1 year low of $21.32 and a 1 year high of $44.12. The firm has a market capitalization of $16.95 billion, a PE ratio of -3,426.97, a price-to-earnings-growth ratio of 2.16 and a beta of 2.00. The stock's fifty day moving average is $35.55 and its two-hundred day moving average is $36.04.

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 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, equities analysts expect that Toast, Inc. will post 0.39 EPS for the current fiscal year.

Insider Buying and Selling at Toast

In other news, General Counsel Brian R. Elworthy sold 653 shares of Toast stock in a transaction on Tuesday, February 4th. The stock was 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 directly owns 209,206 shares of the company's stock, valued at approximately $8,290,833.78. The trade was a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, President Stephen Fredette sold 70,340 shares of the business's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $33.87, for a total value of $2,382,415.80. Following the completion of the sale, the president now owns 1,574,316 shares in the company, valued at $53,322,082.92. This represents a 4.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 270,770 shares of company stock worth $9,409,211 over the last three months. Insiders own 13.32% of the company's stock.

Analyst Upgrades and Downgrades

TOST has been the subject of a number of research reports. BMO Capital Markets boosted their target price on shares of Toast from $46.00 to $48.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Morgan Stanley cut their price objective on Toast from $50.00 to $46.00 and set an "overweight" rating for the company in a research note on Wednesday. Keefe, Bruyette & Woods raised their target price on Toast from $40.00 to $42.00 and gave the company a "market perform" rating in a research report on Thursday, February 20th. UBS Group boosted their price target on Toast from $41.00 to $47.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Finally, Canaccord Genuity Group raised their price objective on Toast from $43.00 to $48.00 and gave the company a "buy" rating in a report on Thursday, February 20th. Thirteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $40.09.

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.