Toast, Inc. (NYSE:TOST) Shares Acquired by Vestcor Inc

Vestcor Inc increased its holdings in shares of Toast, Inc. (NYSE:TOST) by 35.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,736 shares of the company’s stock after buying an additional 2,032 shares during the quarter. Vestcor Inc’s holdings in Toast were worth $282,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. FMR LLC lifted its position in shares of Toast by 50.5% during the third quarter. FMR LLC now owns 24,449,743 shares of the company’s stock worth $692,172,000 after purchasing an additional 8,205,053 shares in the last quarter. ValueAct Holdings L.P. bought a new stake in shares of Toast during the 3rd quarter valued at about $438,301,000. State Street Corp grew its holdings in shares of Toast by 2.5% during the third quarter. State Street Corp now owns 8,325,292 shares of the company’s stock valued at $235,689,000 after purchasing an additional 206,789 shares during the last quarter. Geode Capital Management LLC increased its position in Toast by 2.3% in the third quarter. Geode Capital Management LLC now owns 6,865,934 shares of the company’s stock worth $193,992,000 after buying an additional 155,212 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Toast by 5.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,938,487 shares of the company’s stock valued at $107,108,000 after purchasing an additional 155,446 shares during the period. 82.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Toast

In other Toast news, General Counsel Brian R. Elworthy sold 653 shares of Toast stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total value of $25,878.39. Following the sale, the general counsel now owns 209,206 shares of the company’s stock, valued at $8,290,833.78. This trade represents a 0.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Elena Gomez sold 2,052 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total value of $81,320.76. Following the transaction, the chief financial officer now directly owns 160,498 shares of the company’s stock, valued at $6,360,535.74. This represents a 1.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In 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.

Toast Stock Up 0.9 %

Shares of TOST stock opened at $34.78 on Tuesday. Toast, Inc. has a 12-month low of $21.32 and a 12-month high of $44.12. The firm has a fifty day moving average of $38.05 and a 200-day moving average of $34.78. The firm has a market capitalization of $17.18 billion, a price-to-earnings ratio of -3,474.23, a price-to-earnings-growth ratio of 2.16 and a beta of 1.99.

Toast (NYSE:TOST) last posted its earnings results 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 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 the consensus estimate of $1.32 billion. Research analysts expect that Toast, Inc. will post 0.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TOST. DA Davidson restated a “neutral” rating and set a $38.00 price target (down from $44.00) on shares of Toast in a research report on Thursday, December 5th. Royal Bank of Canada increased their price target on Toast from $40.00 to $45.00 and gave the company a “sector perform” rating in a research report on Thursday, February 20th. 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. JPMorgan Chase & Co. lifted their target price on Toast from $36.00 to $42.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Finally, Canaccord Genuity Group upped their price target on shares of Toast from $43.00 to $48.00 and gave the stock a “buy” rating in a research note 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 assigned a buy rating to the company’s stock. According to MarketBeat.com, Toast currently has an average rating of “Hold” and a consensus target price 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.