CANADA LIFE ASSURANCE Co Boosts Holdings in Toast, Inc. (NYSE:TOST)

CANADA LIFE ASSURANCE Co grew its position in Toast, Inc. (NYSE:TOST - Free Report) by 8.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 301,892 shares of the company's stock after acquiring an additional 22,916 shares during the period. CANADA LIFE ASSURANCE Co owned 0.06% of Toast worth $10,998,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Toast by 0.8% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 38,632 shares of the company's stock valued at $1,408,000 after acquiring an additional 301 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Toast by 11.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,435 shares of the company's stock valued at $125,000 after purchasing an additional 358 shares during the period. Mirador Capital Partners LP raised its position in Toast by 0.9% during the 4th quarter. Mirador Capital Partners LP now owns 41,938 shares of the company's stock worth $1,529,000 after purchasing an additional 360 shares during the last quarter. Blue Trust Inc. lifted its holdings in Toast by 120.4% during the 4th quarter. Blue Trust Inc. now owns 692 shares of the company's stock worth $25,000 after buying an additional 378 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in Toast by 19.8% during the 4th quarter. Farther Finance Advisors LLC now owns 2,435 shares of the company's stock worth $89,000 after buying an additional 402 shares during the period. Institutional investors and hedge funds own 82.91% of the company's stock.

Toast Stock Performance

Shares of Toast stock traded up $0.17 during mid-day trading on Friday, hitting $36.12. 6,738,262 shares of the stock were exchanged, compared to its average volume of 6,825,531. The company has a market capitalization of $17.84 billion, a P/E ratio of -3,608.39, a P/E/G ratio of 2.16 and a beta of 2.00. The company has a 50-day simple moving average of $34.85 and a 200 day simple moving average of $36.41. Toast, Inc. has a 12 month low of $21.32 and a 12 month high of $44.12.

Toast (NYSE:TOST - Get Free Report) last posted 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). Toast had a return on equity of 1.54% and a net margin of 0.40%. The business had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.32 billion. Analysts predict that Toast, Inc. will post 0.39 EPS for the current year.

Insider Transactions at Toast

In other news, Director Christopher P. Comparato sold 70,000 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $35.71, for a total value of $2,499,700.00. Following the sale, the director now owns 164,796 shares of the company's stock, valued at $5,884,865.16. The trade was a 29.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Brian R. Elworthy sold 653 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total transaction of $25,878.39. Following the completion of the transaction, the general counsel now directly owns 209,206 shares of the company's stock, valued at approximately $8,290,833.78. This trade represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 340,770 shares of company stock worth $11,803,911 in the last quarter. Insiders own 13.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TOST. Morgan Stanley lowered their price objective on Toast from $50.00 to $46.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Royal Bank of Canada raised their price target on shares of Toast from $40.00 to $45.00 and gave the stock a "sector perform" rating in a report on Thursday, February 20th. Robert W. Baird upped their price objective on shares of Toast from $38.00 to $40.00 and gave the company a "neutral" rating in a research note on Thursday, February 20th. Evercore ISI began coverage on shares of Toast in a research report on Wednesday, April 9th. They set an "in-line" rating and a $29.00 price objective for the company. Finally, Wolfe Research upgraded shares of Toast from a "peer perform" rating to an "outperform" rating and set a $44.00 target price on the stock in a report on Wednesday. Thirteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Toast has a consensus rating of "Hold" and an average price target of $40.26.

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.