13,428 Shares in Toast, Inc. (NYSE:TOST) Purchased by Talon Private Wealth LLC

Talon Private Wealth LLC bought a new stake in shares of Toast, Inc. (NYSE:TOST) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 13,428 shares of the company’s stock, valued at approximately $489,000.

A number of other hedge funds and other institutional investors have also modified their holdings of TOST. Vanguard Group Inc. boosted its stake in shares of Toast by 10.8% during the 4th 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. Capital International Investors raised its position in Toast by 1.9% during the fourth quarter. Capital International Investors now owns 41,961,233 shares of the company’s stock valued at $1,529,657,000 after acquiring an additional 785,641 shares in the last quarter. FMR LLC lifted its stake in shares of Toast by 22.1% in the 4th quarter. FMR LLC now owns 29,853,639 shares of the company’s stock valued at $1,088,165,000 after purchasing an additional 5,403,896 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Toast in the fourth quarter worth about $282,010,000. Finally, Geode Capital Management LLC lifted its holdings in Toast by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 7,061,739 shares of the company’s stock worth $256,970,000 after purchasing an additional 195,805 shares during the last quarter. 82.91% of the stock is currently owned by institutional investors.

Toast Trading Down 1.9 %

TOST stock opened at $35.54 on Thursday. Toast, Inc. has a 1-year low of $21.32 and a 1-year high of $44.12. The firm has a market cap of $17.68 billion, a PE ratio of -3,550.45, a P/E/G ratio of 2.16 and a beta of 2.00. The business’s 50-day moving average price is $34.64 and its two-hundred day moving average price is $36.46.

Toast (NYSE:TOST) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). Toast had a net margin of 0.40% and a return on equity of 1.54%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. On average, analysts forecast that Toast, Inc. will post 0.39 earnings per share for the current year.

Insider Activity

In other news, Director Christopher P. Comparato sold 70,000 shares of the company’s stock in a transaction dated Thursday, April 17th. The stock was sold at an average price of $34.21, for a total transaction of $2,394,700.00. Following the completion of the transaction, the director now directly owns 179,316 shares of the company’s stock, valued at $6,134,400.36. This represents a 28.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $25,878.39. Following the completion of the sale, the general counsel now directly owns 209,206 shares in the company, valued at approximately $8,290,833.78. This represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 340,770 shares of company stock worth $11,803,911 over the last quarter. 13.32% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Evercore ISI started coverage on Toast in a research note on Wednesday, April 9th. They set an “in-line” rating and a $29.00 target price for the company. Morgan Stanley cut their price target on shares of Toast from $50.00 to $46.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Canaccord Genuity Group boosted their target price on shares of Toast from $43.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Royal Bank of Canada increased their price target on Toast from $40.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 20th. Finally, Wells Fargo & Company raised shares of Toast from an “underweight” rating to an “overweight” rating and increased their price objective for the stock from $30.00 to $39.00 in a report on Thursday, April 10th. Thirteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $40.35.

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.