Zevenbergen Capital Investments LLC Buys 96,821 Shares of Toast, Inc. (NYSE:TOST)

Zevenbergen Capital Investments LLC grew its holdings in shares of Toast, Inc. (NYSE:TOST - Free Report) by 4.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,202,735 shares of the company's stock after buying an additional 96,821 shares during the quarter. Toast makes up 1.6% of Zevenbergen Capital Investments LLC's portfolio, making the stock its 19th largest position. Zevenbergen Capital Investments LLC owned about 0.47% of Toast worth $80,290,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Toast by 10.8% during the fourth quarter. Vanguard Group Inc. now owns 42,474,232 shares of the company's stock worth $1,548,186,000 after acquiring an additional 4,147,430 shares in the last quarter. FMR LLC boosted its holdings in shares of Toast by 50.5% in the 3rd quarter. FMR LLC now owns 24,449,743 shares of the company's stock valued at $692,172,000 after buying an additional 8,205,053 shares during the last quarter. ValueAct Holdings L.P. bought a new position in shares of Toast in the third quarter valued at $438,301,000. State Street Corp increased its holdings in Toast by 2.5% during the third quarter. State Street Corp now owns 8,325,292 shares of the company's stock worth $235,689,000 after buying an additional 206,789 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Toast by 2.3% during the third quarter. Geode Capital Management LLC now owns 6,865,934 shares of the company's stock worth $193,992,000 after acquiring an additional 155,212 shares in the last quarter. 82.91% of the stock is currently owned by institutional investors and hedge funds.

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Toast Stock Performance

Shares of Toast stock traded up $0.23 during trading on Tuesday, reaching $36.38. 5,878,130 shares of the company's stock were exchanged, compared to its average volume of 6,518,815. Toast, Inc. has a 1-year low of $21.32 and a 1-year high of $44.12. The company has a market cap of $17.97 billion, a P/E ratio of -3,634.37, a PEG ratio of 2.16 and a beta of 1.99. The firm's 50-day moving average price is $37.84 and its 200 day moving average price is $35.23.

Toast (NYSE:TOST - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $0.05 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 for the quarter, compared to analyst estimates of $1.32 billion. As a group, equities research analysts predict that Toast, Inc. will post 0.39 EPS for the current year.

Insider Activity at Toast

In related news, CFO Elena Gomez sold 2,052 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 $81,320.76. Following the sale, the chief financial officer now owns 160,498 shares in the company, valued at $6,360,535.74. The trade was a 1.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Deval L. Patrick sold 34,222 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $33.01, for a total value of $1,129,668.22. Following the completion of the transaction, the director now owns 13,260 shares of the company's stock, valued at $437,712.60. This represents a 72.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 270,770 shares of company stock valued at $9,409,211 in the last quarter. Insiders own 13.32% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TOST shares. Oppenheimer started coverage on shares of Toast in a research note on Friday, January 24th. They set an "outperform" rating and a $46.00 price objective on the stock. JPMorgan Chase & Co. boosted their price target on Toast from $36.00 to $42.00 and gave the stock a "neutral" rating in a research report on Thursday, February 20th. Canaccord Genuity Group raised their price objective on Toast from $43.00 to $48.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. DA Davidson reissued a "neutral" rating and set a $38.00 target price (down from $44.00) on shares of Toast in a report on Thursday, December 5th. Finally, Wells Fargo & Company raised their price target on Toast from $25.00 to $30.00 and gave the company an "underweight" rating in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $40.48.

Toast 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.