Charles Schwab Investment Management Inc. Raises Stock Position in Toast, Inc. (NYSE:TOST)

Charles Schwab Investment Management Inc. raised its stake in shares of Toast, Inc. (NYSE:TOST) by 5.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,938,487 shares of the company’s stock after purchasing an additional 155,446 shares during the period. Charles Schwab Investment Management Inc. owned 0.62% of Toast worth $107,108,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of TOST. Farther Finance Advisors LLC lifted its stake in Toast by 32.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,033 shares of the company’s stock valued at $58,000 after buying an additional 496 shares in the last quarter. Kampmann Melissa S. lifted its position in shares of Toast by 28.9% in the third quarter. Kampmann Melissa S. now owns 56,120 shares of the company’s stock valued at $1,589,000 after acquiring an additional 12,590 shares in the last quarter. Lisanti Capital Growth LLC boosted its stake in shares of Toast by 43.0% in the third quarter. Lisanti Capital Growth LLC now owns 60,245 shares of the company’s stock worth $1,706,000 after acquiring an additional 18,125 shares during the last quarter. Entropy Technologies LP purchased a new stake in shares of Toast during the third quarter worth approximately $894,000. Finally, GSA Capital Partners LLP raised its stake in Toast by 179.7% in the 3rd quarter. GSA Capital Partners LLP now owns 53,064 shares of the company’s stock valued at $1,502,000 after purchasing an additional 34,090 shares during the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on TOST. JPMorgan Chase & Co. lifted their target price on shares of Toast from $36.00 to $42.00 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. BNP Paribas set a $37.00 price objective on shares of Toast and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Royal Bank of Canada raised their target price on shares of Toast from $40.00 to $45.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 20th. Canaccord Genuity Group upped their price target on Toast from $43.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $50.00 price objective on shares of Toast in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $40.48.

Insider Activity at Toast

In other Toast news, President Stephen Fredette sold 1,068 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total transaction of $42,324.84. Following 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Christopher P. Comparato sold 145,000 shares of the business’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $36.04, for a total transaction of $5,225,800.00. Following the completion of the transaction, the director now owns 182,451 shares of the company’s stock, valued at approximately $6,575,534.04. This trade represents a 44.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 149,779 shares of company stock worth $5,415,192 in the last three months. 13.32% of the stock is owned by company insiders.

Toast Stock Performance

Shares of TOST stock opened at $34.77 on Friday. Toast, Inc. has a one year low of $21.32 and a one year high of $44.12. The firm’s 50 day moving average price is $38.36 and its 200-day moving average price is $34.29. The firm has a market cap of $17.17 billion, a P/E ratio of -3,473.03, a P/E/G ratio of 2.16 and a beta of 1.99.

Toast (NYSE:TOST) last released 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). Toast had a return on equity of 1.54% and a net margin of 0.40%. The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.32 billion. As a group, research analysts predict that Toast, Inc. will post 0.39 EPS 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.