Toast, Inc. (NYSE:TOST) Shares Sold by Capital International Inc. CA

Capital International Inc. CA cut its stake in Toast, Inc. (NYSE:TOST - Free Report) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 717,823 shares of the company's stock after selling 23,724 shares during the quarter. Capital International Inc. CA owned approximately 0.15% of Toast worth $26,165,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Arrowstreet Capital Limited Partnership acquired a new position in shares of Toast in the fourth quarter worth about $282,010,000. Norges Bank acquired a new position in shares of Toast during the 4th quarter worth approximately $205,888,000. FMR LLC lifted its position in shares of Toast by 22.1% during the 4th quarter. FMR LLC now owns 29,853,639 shares of the company's stock valued at $1,088,165,000 after buying an additional 5,403,896 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Toast by 10.8% during the 4th quarter. Vanguard Group Inc. now owns 42,474,232 shares of the company's stock valued at $1,548,186,000 after buying an additional 4,147,430 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in Toast by 255.0% in the 4th quarter. Renaissance Technologies LLC now owns 3,504,212 shares of the company's stock valued at $127,729,000 after acquiring an additional 2,517,012 shares during the period. Hedge funds and other institutional investors own 82.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Wells Fargo & Company raised shares of Toast from an "underweight" rating to an "overweight" rating and increased their price objective for the company from $30.00 to $39.00 in a report on Thursday, April 10th. Royal Bank of Canada lifted their price objective on Toast from $40.00 to $45.00 and gave the stock a "sector perform" rating in a report on Thursday, February 20th. The Goldman Sachs Group reduced their target price on Toast from $43.00 to $38.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods boosted their price target on Toast from $40.00 to $42.00 and gave the stock a "market perform" rating in a research report on Thursday, February 20th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $50.00 price objective on shares of Toast in a research note on Thursday, February 20th. Thirteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $40.26.

Toast Stock Performance

TOST stock traded up $1.10 during mid-day trading on Thursday, reaching $35.99. The company had a trading volume of 3,629,450 shares, compared to its average volume of 6,800,090. Toast, Inc. has a fifty-two week low of $21.32 and a fifty-two week high of $44.12. The company has a market capitalization of $17.78 billion, a price-to-earnings ratio of -3,598.40, a price-to-earnings-growth ratio of 2.16 and a beta of 2.00. The firm has a fifty day simple moving average of $35.06 and a 200 day simple moving average of $36.21.

Toast (NYSE:TOST - Get Free Report) last issued its quarterly earnings results 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). Toast had a return on equity of 1.54% and a net margin of 0.40%. The firm had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.32 billion. As a group, analysts predict that Toast, Inc. will post 0.39 earnings per share for the current year.

Insider Buying and Selling at Toast

In other news, President Stephen Fredette sold 1,068 shares of the business's stock in a transaction that occurred 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 completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, 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 transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 340,770 shares of company stock worth $11,803,911 over the last ninety days. Corporate insiders own 13.32% of the company's stock.

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.