Canada Pension Plan Investment Board Has $7.32 Million Holdings in Toast, Inc. (NYSE:TOST)

Canada Pension Plan Investment Board boosted its stake in Toast, Inc. (NYSE:TOST - Free Report) by 166.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 200,900 shares of the company's stock after purchasing an additional 125,600 shares during the period. Canada Pension Plan Investment Board's holdings in Toast were worth $7,323,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of analysts have recently weighed in on TOST shares. Evercore ISI initiated coverage on shares of Toast in a research report on Wednesday, April 9th. They set an "in-line" rating and a $29.00 price target for the company. Morgan Stanley dropped their target price on shares of Toast from $50.00 to $46.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Canaccord Genuity Group increased their price target on shares of Toast from $43.00 to $48.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Robert W. Baird boosted their price objective on Toast from $38.00 to $40.00 and gave the company a "neutral" rating in a report on Thursday, February 20th. Finally, UBS Group increased their target price on Toast from $41.00 to $47.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $40.26.

Toast Stock Performance

Shares of NYSE TOST traded up $0.17 during trading on Friday, hitting $36.12. The company had a trading volume of 6,738,262 shares, compared to its average volume of 6,825,531. The company has a market cap of $17.84 billion, a P/E ratio of -3,608.39, a PEG ratio of 2.16 and a beta of 2.00. The business's 50-day moving average is $34.85 and its 200 day moving average is $36.41. Toast, Inc. has a 52 week low of $21.32 and a 52 week high of $44.12.

Toast (NYSE:TOST - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). Toast had a net margin of 0.40% and a return on equity of 1.54%. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.32 billion. On average, research analysts expect that Toast, Inc. will post 0.39 EPS for the current year.

Insider Buying and Selling

In related news, President Stephen Fredette sold 1,068 shares of the business's 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 transaction, the president now directly owns 1,644,656 shares of the company's stock, valued at approximately $65,177,717.28. The trade was a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Elena Gomez sold 2,052 shares of the 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 $81,320.76. Following the completion of the sale, the chief financial officer now owns 160,498 shares of the company's stock, valued at approximately $6,360,535.74. The trade was 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 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.