Mediolanum International Funds Ltd Purchases New Stake in Toast, Inc. (NYSE:TOST)

Mediolanum International Funds Ltd purchased a new stake in shares of Toast, Inc. (NYSE:TOST) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 37,844 shares of the company’s stock, valued at approximately $1,392,000.

Other large investors have also recently bought and sold shares of the company. Blue Trust Inc. raised its position in Toast by 120.4% during the fourth quarter. Blue Trust Inc. now owns 692 shares of the company’s stock valued at $25,000 after buying an additional 378 shares during the period. Piscataqua Savings Bank acquired a new position in Toast during the fourth quarter valued at $26,000. Toth Financial Advisory Corp acquired a new position in Toast during the third quarter valued at $28,000. Raleigh Capital Management Inc. raised its position in Toast by 93.4% during the third quarter. Raleigh Capital Management Inc. now owns 1,491 shares of the company’s stock valued at $42,000 after buying an additional 720 shares during the period. Finally, Global Trust Asset Management LLC acquired a new position in Toast during the fourth quarter valued at $58,000. 82.91% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Richard Kent Bennett sold 22,885 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $41.96, for a total value of $960,254.60. Following the completion of the transaction, the director now directly owns 395,706 shares of the company’s stock, valued at approximately $16,603,823.76. This represents a 5.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Christopher P. Comparato sold 145,000 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $36.04, for a total value of $5,225,800.00. Following the completion of the transaction, the director now directly owns 182,451 shares of the company’s stock, valued at approximately $6,575,534.04. The trade was a 44.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 557,670 shares of company stock worth $21,670,707. 13.32% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

TOST has been the topic of several research reports. Keefe, Bruyette & Woods upped their target price on Toast from $29.00 to $40.00 and gave the stock a “market perform” rating in a research report on Monday, December 9th. BNP Paribas lowered Toast from an “outperform” rating to a “neutral” rating and set a $37.00 target price on the stock. in a research report on Wednesday, November 20th. Robert W. Baird upped their target price on Toast from $30.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. upped their target price on Toast from $28.00 to $36.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, BMO Capital Markets initiated coverage on Toast in a research report on Monday, January 6th. They issued an “outperform” rating and a $45.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $35.74.

Toast Trading Up 1.9 %

Shares of TOST stock opened at $41.06 on Monday. The stock has a 50 day moving average of $38.63 and a two-hundred day moving average of $32.00. Toast, Inc. has a 12 month low of $17.65 and a 12 month high of $44.12. The company has a market capitalization of $19.34 billion, a P/E ratio of -315.85, a P/E/G ratio of 2.14 and a beta of 1.97.

Toast (NYSE:TOST) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. Toast had a negative return on equity of 3.84% and a negative net margin of 1.05%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the company earned ($0.09) EPS. Sell-side analysts predict that Toast, Inc. will post 0.03 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.