Quantbot Technologies LP Buys 94,382 Shares of Toast, Inc. (NYSE:TOST)

Quantbot Technologies LP lifted its position in Toast, Inc. (NYSE:TOST) by 4,351.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 96,551 shares of the company’s stock after buying an additional 94,382 shares during the quarter. Quantbot Technologies LP’s holdings in Toast were worth $3,519,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. grew its position in shares of Toast by 120.4% in the 4th quarter. Blue Trust Inc. now owns 692 shares of the company’s stock valued at $25,000 after acquiring an additional 378 shares during the period. Piscataqua Savings Bank bought a new position in Toast during the fourth quarter worth about $26,000. Stonebridge Financial Group LLC acquired a new position in Toast during the fourth quarter worth approximately $34,000. SBI Securities Co. Ltd. acquired a new position in Toast during the fourth quarter worth approximately $35,000. Finally, Wingate Wealth Advisors Inc. acquired a new stake in shares of Toast in the fourth quarter valued at approximately $40,000. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Toast Stock Performance

Shares of TOST stock opened at $35.20 on Friday. Toast, Inc. has a fifty-two week low of $21.32 and a fifty-two week high of $44.12. The stock’s fifty day moving average price is $37.82 and its two-hundred day moving average price is $34.99. The company has a market cap of $17.39 billion, a PE ratio of -3,516.78, a P/E/G ratio of 2.16 and a beta of 1.99.

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). The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.32 billion. Toast had a net margin of 0.40% and a return on equity of 1.54%. On average, equities analysts predict that Toast, Inc. will post 0.39 EPS for the current fiscal year.

Insider Activity at Toast

In other Toast news, Director Christopher P. Comparato sold 70,000 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $35.71, for a total value of $2,499,700.00. Following the completion of the transaction, the director now directly owns 164,796 shares in the company, valued at approximately $5,884,865.16. This trade represents a 29.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Brian R. Elworthy sold 653 shares of Toast stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total value of $25,878.39. Following the sale, the general counsel now directly owns 209,206 shares in the company, valued at $8,290,833.78. The trade was a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 270,770 shares of company stock valued at $9,409,211. 13.32% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Wells Fargo & Company boosted their target price on Toast from $25.00 to $30.00 and gave the stock an “underweight” rating in a report on Thursday, January 16th. Canaccord Genuity Group increased their price objective on shares of Toast from $43.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. DA Davidson reaffirmed a “neutral” rating and set a $38.00 target price (down previously from $44.00) on shares of Toast in a report on Thursday, December 5th. Needham & Company LLC reissued a “buy” rating and issued a $50.00 price target on shares of Toast in a report on Thursday, February 20th. Finally, Morgan Stanley boosted their price objective on Toast from $46.00 to $50.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $40.48.

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.