Ethic Inc. Makes New $334,000 Investment in Toast, Inc. (NYSE:TOST)

Ethic Inc. acquired a new position in shares of Toast, Inc. (NYSE:TOST - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 9,160 shares of the company's stock, valued at approximately $334,000.

A number of other institutional investors have also made changes to their positions in the business. Barclays PLC boosted its position in shares of Toast by 38.0% during the 3rd quarter. Barclays PLC now owns 309,426 shares of the company's stock valued at $8,758,000 after acquiring an additional 85,171 shares in the last quarter. SeaCrest Wealth Management LLC bought a new stake in shares of Toast in the 4th quarter worth about $268,000. Carnegie Investment Counsel acquired a new stake in shares of Toast during the 4th quarter worth about $233,000. Merit Financial Group LLC bought a new position in Toast during the 4th quarter valued at about $234,000. Finally, Stonekeep Investments LLC bought a new stake in Toast during the fourth quarter worth about $273,000. 82.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Toast

In related news, President Stephen Fredette sold 70,340 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $33.87, for a total transaction of $2,382,415.80. Following the completion of the sale, the president now owns 1,574,316 shares of the company's stock, valued at $53,322,082.92. This trade represents a 4.28% 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, Director Paul D. Bell sold 11,000 shares of the business's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $45.13, for a total transaction of $496,430.00. Following the sale, the director now owns 229,680 shares of the company's stock, valued at $10,365,458.40. This trade represents a 4.57% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 416,991 shares of company stock worth $15,242,750. Insiders own 13.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on TOST shares. Wells Fargo & Company raised their price target on shares of Toast from $39.00 to $46.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Canaccord Genuity Group increased their target price on Toast from $43.00 to $48.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. UBS Group upped their target price on shares of Toast from $41.00 to $47.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. BMO Capital Markets lifted their price objective on Toast from $44.00 to $45.00 and gave the company an "outperform" rating in a report on Monday, May 12th. Finally, Royal Bank of Canada boosted their price objective on Toast from $40.00 to $45.00 and gave the company a "sector perform" rating in a research report on Thursday, February 20th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $40.91.

Toast Trading Down 0.9%

NYSE TOST traded down $0.38 during midday trading on Tuesday, hitting $44.29. The company had a trading volume of 5,505,942 shares, compared to its average volume of 6,857,157. The company has a market capitalization of $22.06 billion, a PE ratio of -4,424.58, a P/E/G ratio of 2.16 and a beta of 1.98. Toast, Inc. has a twelve month low of $21.32 and a twelve month high of $45.56. The firm has a 50-day moving average price of $35.75 and a 200-day moving average price of $37.51.

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