Toast, Inc. (NYSE:TOST) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Toast, Inc. (NYSE:TOST - Free Report) by 43.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 169,429 shares of the company's stock after purchasing an additional 51,617 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Toast were worth $6,176,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Victory Capital Management Inc. grew its holdings in Toast by 1.3% during the third quarter. Victory Capital Management Inc. now owns 49,663 shares of the company's stock worth $1,406,000 after acquiring an additional 661 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in shares of Toast during the 3rd quarter worth $397,000. KBC Group NV grew its stake in shares of Toast by 66.5% during the 3rd quarter. KBC Group NV now owns 42,838 shares of the company's stock worth $1,213,000 after purchasing an additional 17,106 shares during the period. CIBC Asset Management Inc increased its holdings in shares of Toast by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 12,614 shares of the company's stock valued at $357,000 after purchasing an additional 448 shares in the last quarter. Finally, Natixis Advisors LLC lifted its stake in shares of Toast by 43.9% in the third quarter. Natixis Advisors LLC now owns 82,259 shares of the company's stock valued at $2,329,000 after purchasing an additional 25,113 shares during the period. Institutional investors and hedge funds own 82.91% of the company's stock.

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Wall Street Analyst Weigh In

TOST has been the subject of a number of research analyst reports. BNP Paribas set a $37.00 target price on shares of Toast and gave the company a "neutral" rating in a report on Wednesday, February 19th. The Goldman Sachs Group set a $40.00 price objective on Toast and gave the stock a "neutral" rating in a report on Wednesday, February 19th. Royal Bank of Canada upped their target price on Toast from $40.00 to $45.00 and gave the company a "sector perform" rating in a report on Thursday, February 20th. Canaccord Genuity Group lifted their price target on Toast from $43.00 to $48.00 and gave the stock a "buy" rating in a research note on Thursday, February 20th. Finally, BMO Capital Markets boosted their price objective on shares of Toast from $46.00 to $48.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Toast currently has an average rating of "Hold" and a consensus target price of $40.48.

Toast Stock Down 3.1 %

Shares of NYSE:TOST traded down $1.09 during midday trading on Tuesday, reaching $33.75. The company's stock had a trading volume of 6,802,748 shares, compared to its average volume of 6,497,861. The firm has a market cap of $16.67 billion, a price-to-earnings ratio of -3,371.13, a price-to-earnings-growth ratio of 2.16 and a beta of 1.99. The business has a 50 day moving average price of $38.05 and a 200 day moving average price of $34.78. Toast, Inc. has a 1 year low of $21.32 and a 1 year high of $44.12.

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

Insider Activity at Toast

In related news, President Stephen Fredette sold 70,340 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $33.87, for a total value of $2,382,415.80. Following the transaction, the president now directly owns 1,574,316 shares of the company's stock, valued at approximately $53,322,082.92. This trade represents a 4.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Deval L. Patrick sold 34,222 shares of the business's 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 sale, the director now directly owns 13,260 shares of the company's stock, valued at approximately $437,712.60. This trade represents a 72.07 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 254,641 shares of company stock worth $8,937,776. 13.32% of the stock is owned by company insiders.

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.