Vanguard Group Inc. Buys 4,147,430 Shares of Toast, Inc. (NYSE:TOST)

Vanguard Group Inc. raised its stake in Toast, Inc. (NYSE:TOST - Free Report) by 10.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,474,232 shares of the company's stock after purchasing an additional 4,147,430 shares during the period. Vanguard Group Inc. owned 9.02% of Toast worth $1,548,186,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of TOST. Charles Schwab Investment Management Inc. lifted its holdings in Toast by 4.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,783,041 shares of the company's stock worth $78,788,000 after purchasing an additional 113,995 shares during the last quarter. Citigroup Inc. increased its position in Toast by 8.5% during the 3rd quarter. Citigroup Inc. now owns 276,974 shares of the company's stock worth $7,841,000 after buying an additional 21,675 shares during the period. Cerity Partners LLC lifted its holdings in shares of Toast by 50.4% during the third quarter. Cerity Partners LLC now owns 71,526 shares of the company's stock worth $2,025,000 after buying an additional 23,955 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of Toast by 249.4% in the third quarter. Larson Financial Group LLC now owns 7,764 shares of the company's stock valued at $220,000 after acquiring an additional 5,542 shares during the period. Finally, Daiwa Securities Group Inc. grew its stake in shares of Toast by 16.3% in the third quarter. Daiwa Securities Group Inc. now owns 56,972 shares of the company's stock valued at $1,613,000 after acquiring an additional 8,000 shares in the last quarter. 82.91% of the stock is owned by institutional investors.

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Toast Stock Down 0.9 %

TOST traded down $0.30 during midday trading on Monday, hitting $33.28. 2,029,071 shares of the company were exchanged, compared to its average volume of 6,722,503. The firm's 50 day moving average price is $37.72 and its 200-day moving average price is $35.48. 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 $16.44 billion, a P/E ratio of -3,311.09, a P/E/G ratio of 2.16 and a beta of 1.99.

Toast (NYSE:TOST - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). The company had revenue of $1.34 billion during 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, sell-side analysts predict that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Transactions at Toast

In other news, President Stephen Fredette sold 1,068 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was 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 of the company's stock, valued at $65,177,717.28. The trade was a 0.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CRO Jonathan Vassil sold 1,006 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total value of $39,867.78. Following the sale, the executive now directly owns 48,488 shares of the company's stock, valued at $1,921,579.44. This represents a 2.03 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 270,770 shares of company stock worth $9,409,211. Company insiders own 13.32% of the company's stock.

Wall Street Analysts Forecast Growth

TOST has been the subject of several analyst reports. The Goldman Sachs Group set a $40.00 price objective on shares of Toast and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. DA Davidson reiterated a "neutral" rating and issued a $38.00 price target (down from $44.00) on shares of Toast in a research report on Thursday, December 5th. Morgan Stanley increased their price target on Toast from $46.00 to $50.00 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. Wells Fargo & Company lifted their price objective on Toast from $25.00 to $30.00 and gave the company an "underweight" rating in a report on Thursday, January 16th. Finally, BMO Capital Markets upped their price target on shares of Toast from $46.00 to $48.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $40.48.

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.