Vinva Investment Management Ltd Buys Shares of 56,060 Toast, Inc. (NYSE:TOST)

Vinva Investment Management Ltd purchased a new stake in shares of Toast, Inc. (NYSE:TOST - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 56,060 shares of the company's stock, valued at approximately $2,067,000.

A number of other large investors have also recently modified their holdings of the company. ValueAct Holdings L.P. bought a new position in Toast during the 3rd quarter worth about $438,301,000. FMR LLC boosted its stake in shares of Toast by 50.5% during the third quarter. FMR LLC now owns 24,449,743 shares of the company's stock valued at $692,172,000 after purchasing an additional 8,205,053 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Toast by 129,058.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,074,286 shares of the company's stock valued at $75,466,000 after buying an additional 2,072,680 shares during the period. Perpetual Ltd bought a new position in Toast in the fourth quarter worth approximately $60,878,000. Finally, Worldquant Millennium Advisors LLC lifted its holdings in Toast by 1,475.0% during the third quarter. Worldquant Millennium Advisors LLC now owns 850,965 shares of the company's stock worth $24,091,000 after buying an additional 796,936 shares during the period. Hedge funds and other institutional investors own 82.91% of the company's stock.

Insider Transactions at Toast

In other news, President Stephen Fredette sold 1,068 shares of the company'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 $42,324.84. Following the completion of the sale, the president now directly owns 1,644,656 shares in the company, valued at $65,177,717.28. This represents a 0.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Brian R. Elworthy sold 653 shares of Toast 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 $25,878.39. Following the transaction, the general counsel now owns 209,206 shares in the company, valued at approximately $8,290,833.78. The trade was a 0.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 270,770 shares of company stock valued at $9,409,211 over the last ninety days. Insiders own 13.32% of the company's stock.

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Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on TOST shares. DA Davidson reiterated a "neutral" rating and issued a $38.00 price target (down from $44.00) on shares of Toast in a report on Thursday, December 5th. JPMorgan Chase & Co. lifted their target price on Toast from $36.00 to $42.00 and gave the company a "neutral" rating in a research note on Thursday, February 20th. Needham & Company LLC reissued a "buy" rating and set a $50.00 price target on shares of Toast in a research report on Thursday, February 20th. Morgan Stanley raised their price target on shares of Toast from $46.00 to $50.00 and gave the company an "overweight" rating in a report on Thursday, February 20th. Finally, 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. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $40.48.

Toast Stock Up 0.6 %

Shares of TOST stock traded up $0.23 during trading hours on Tuesday, hitting $36.38. 5,878,130 shares of the company's stock were exchanged, compared to its average volume of 6,506,809. The firm has a 50 day moving average of $37.84 and a two-hundred day moving average of $35.23. Toast, Inc. has a fifty-two week low of $21.32 and a fifty-two week high of $44.12. The firm has a market cap of $17.97 billion, a P/E ratio of -3,634.37, a P/E/G ratio of 2.16 and a beta of 1.99.

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

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.