Cetera Investment Advisers Purchases 19,861 Shares of Toast, Inc. (NYSE:TOST)

Cetera Investment Advisers boosted its holdings in Toast, Inc. (NYSE:TOST - Free Report) by 59.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,248 shares of the company's stock after acquiring an additional 19,861 shares during the quarter. Cetera Investment Advisers' holdings in Toast were worth $1,941,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Toast by 10.8% in the 4th quarter. Vanguard Group Inc. now owns 42,474,232 shares of the company's stock valued at $1,548,186,000 after acquiring an additional 4,147,430 shares in the last quarter. Capital International Investors lifted its position in shares of Toast by 1.9% in the 4th quarter. Capital International Investors now owns 41,961,233 shares of the company's stock valued at $1,529,657,000 after acquiring an additional 785,641 shares in the last quarter. FMR LLC lifted its position in shares of Toast by 22.1% in the 4th quarter. FMR LLC now owns 29,853,639 shares of the company's stock valued at $1,088,165,000 after acquiring an additional 5,403,896 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Toast in the 4th quarter valued at approximately $282,010,000. Finally, Geode Capital Management LLC grew its stake in Toast by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 7,061,739 shares of the company's stock valued at $256,970,000 after acquiring an additional 195,805 shares in the last quarter. 82.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Toast news, Director Paul D. Bell sold 11,000 shares of the firm's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $45.13, for a total value of $496,430.00. Following the completion of the sale, the director now owns 229,680 shares in the company, valued at approximately $10,365,458.40. This trade represents a 4.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Stephen Fredette sold 70,340 shares of Toast 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 sale, the president now owns 1,574,316 shares of the company's stock, valued at approximately $53,322,082.92. This represents a 4.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold 416,991 shares of company stock worth $15,242,750 in the last quarter. 13.32% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

TOST has been the topic of several research reports. Needham & Company LLC reiterated a "buy" rating and issued a $50.00 price objective on shares of Toast in a research note on Thursday, February 20th. Wells Fargo & Company upped their price objective on shares of Toast from $39.00 to $46.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Wolfe Research raised shares of Toast from a "peer perform" rating to an "outperform" rating and set a $44.00 target price for the company in a research report on Wednesday, April 23rd. BMO Capital Markets boosted their target price on shares of Toast from $44.00 to $45.00 and gave the stock an "outperform" rating in a research report on Monday, May 12th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Toast from $36.00 to $42.00 and gave the stock a "neutral" rating in a research report on Thursday, February 20th. Twelve equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $40.91.

Toast Stock Performance

Shares of NYSE:TOST traded down $0.20 during midday trading on Friday, reaching $42.48. 4,795,381 shares of the company's stock were exchanged, compared to its average volume of 6,856,461. The company's 50 day simple moving average is $36.49 and its two-hundred day simple moving average is $37.83. The firm has a market capitalization of $21.16 billion, a PE ratio of -4,243.76, a price-to-earnings-growth ratio of 2.16 and a beta of 1.98. Toast, Inc. has a 12 month low of $21.32 and a 12 month high of $45.56.

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

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.