Toast, Inc. (NYSE:TOST) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. raised its position in shares of Toast, Inc. (NYSE:TOST - Free Report) by 139.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 118,839 shares of the company's stock after purchasing an additional 69,176 shares during the quarter. Victory Capital Management Inc.'s holdings in Toast were worth $4,332,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Westover Capital Advisors LLC acquired a new position in shares of Toast in the fourth quarter worth $212,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Toast by 5.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,938,487 shares of the company's stock valued at $107,108,000 after buying an additional 155,446 shares during the period. SBI Securities Co. Ltd. bought a new position in Toast during the fourth quarter worth about $35,000. Jones Financial Companies Lllp lifted its stake in Toast by 139.6% during the fourth quarter. Jones Financial Companies Lllp now owns 3,609 shares of the company's stock worth $132,000 after purchasing an additional 2,103 shares during the period. Finally, Asahi Life Asset Management CO. LTD. bought a new position in Toast during the fourth quarter worth about $303,000. 82.91% of the stock is owned by institutional investors and hedge funds.

Toast Trading Up 4.0 %

NYSE TOST traded up $1.36 during trading on Wednesday, hitting $35.15. The company had a trading volume of 3,848,768 shares, compared to its average volume of 6,494,126. Toast, Inc. has a one year low of $21.32 and a one year high of $44.12. The company has a market cap of $17.36 billion, a price-to-earnings ratio of -3,502.10, a price-to-earnings-growth ratio of 2.16 and a beta of 1.99. The company's fifty day moving average is $37.90 and its 200-day moving average is $34.91.

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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 the consensus estimate of $0.06 by ($0.01). Toast had a return on equity of 1.54% and a net margin of 0.40%. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.32 billion. As a group, equities analysts anticipate that Toast, Inc. will post 0.39 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. UBS Group raised their price objective on shares of Toast from $41.00 to $47.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. Canaccord Genuity Group raised their price target on shares of Toast from $43.00 to $48.00 and gave the company a "buy" rating in a report on Thursday, February 20th. Morgan Stanley raised their price objective on shares of Toast from $46.00 to $50.00 and gave the company an "overweight" rating in a research note on Thursday, February 20th. DA Davidson reaffirmed a "neutral" rating and issued a $38.00 price objective (down from $44.00) on shares of Toast in a research note on Thursday, December 5th. Finally, BNP Paribas set a $37.00 price target on shares of Toast and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Toast has a consensus rating of "Hold" and a consensus target price of $40.48.

Insider Activity

In other news, General Counsel Brian R. Elworthy sold 653 shares of Toast 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 $25,878.39. Following the sale, the general counsel now 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Stephen Fredette sold 1,068 shares of the business's stock in a transaction on Tuesday, February 4th. The stock was 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 $65,177,717.28. This represents a 0.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 254,641 shares of company stock valued at $8,937,776 in the last 90 days. 13.32% of the stock is currently owned by insiders.

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.