Toast, Inc. (NYSE:TOST) Stock Holdings Lifted by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Toast, Inc. (NYSE:TOST - Free Report) by 1,527.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 103,832 shares of the company's stock after purchasing an additional 97,453 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Toast were worth $3,785,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Barclays PLC lifted its stake in Toast by 38.0% in the third quarter. Barclays PLC now owns 309,426 shares of the company's stock valued at $8,758,000 after buying an additional 85,171 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Toast in the 3rd quarter worth about $327,000. Wilmington Savings Fund Society FSB bought a new stake in Toast in the 3rd quarter valued at about $59,000. Tidal Investments LLC boosted its stake in Toast by 5.4% during the 3rd quarter. Tidal Investments LLC now owns 14,310 shares of the company's stock valued at $405,000 after purchasing an additional 734 shares during the period. Finally, Synovus Financial Corp acquired a new position in Toast during the 3rd quarter valued at about $425,000. Institutional investors own 82.91% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TOST. JPMorgan Chase & Co. lifted their price target on Toast from $36.00 to $42.00 and gave the company a "neutral" rating in a report on Thursday, February 20th. BNP Paribas set a $37.00 price target on Toast and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. BMO Capital Markets increased their price target on Toast from $46.00 to $48.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Oppenheimer assumed coverage on shares of Toast in a research note on Friday, January 24th. They set an "outperform" rating and a $46.00 price objective on the stock. Finally, Evercore ISI began coverage on shares of Toast in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $29.00 target price for the company. Thirteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $40.26.

Insider Buying and Selling

In other Toast news, President Stephen Fredette sold 1,068 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 transaction of $42,324.84. Following the transaction, the president now owns 1,644,656 shares of the company's stock, valued at $65,177,717.28. The trade was a 0.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Elena Gomez sold 2,052 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total value of $81,320.76. Following the completion of the transaction, the chief financial officer now owns 160,498 shares in the company, valued at $6,360,535.74. This represents a 1.26 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 340,770 shares of company stock valued at $11,803,911. Company insiders own 13.32% of the company's stock.

Toast Trading Up 0.5 %

Shares of Toast stock traded up $0.17 on Friday, reaching $36.12. 6,738,262 shares of the company were exchanged, compared to its average volume of 6,823,823. Toast, Inc. has a fifty-two week low of $21.32 and a fifty-two week high of $44.12. The firm has a market capitalization of $17.84 billion, a price-to-earnings ratio of -3,608.39, a price-to-earnings-growth ratio of 2.16 and a beta of 2.00. The stock has a fifty day moving average price of $34.85 and a 200-day moving average price of $36.31.

Toast (NYSE:TOST - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.05 earnings per share (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 company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. On average, equities analysts anticipate that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

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.