Xn LP Has $168.77 Million Stock Holdings in Toast, Inc. (NYSE:TOST)

XN LP trimmed its holdings in shares of Toast, Inc. (NYSE:TOST - Free Report) by 3.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,630,231 shares of the company's stock after selling 159,508 shares during the period. Toast comprises approximately 6.7% of XN LP's holdings, making the stock its 5th biggest holding. XN LP owned 0.98% of Toast worth $168,772,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Blue Trust Inc. grew its stake in Toast by 120.4% in the 4th quarter. Blue Trust Inc. now owns 692 shares of the company's stock worth $25,000 after acquiring an additional 378 shares during the period. Piscataqua Savings Bank purchased a new stake in Toast in the 4th quarter worth approximately $26,000. Stonebridge Financial Group LLC purchased a new stake in Toast in the 4th quarter worth approximately $34,000. SBI Securities Co. Ltd. purchased a new stake in Toast in the 4th quarter worth approximately $35,000. Finally, Wingate Wealth Advisors Inc. purchased a new stake in Toast in the 4th quarter worth approximately $40,000. 82.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on TOST shares. DA Davidson lowered their target price on shares of Toast from $42.00 to $40.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Piper Sandler lifted their target price on shares of Toast from $35.00 to $37.00 and gave the stock a "neutral" rating in a research note on Friday, May 9th. UBS Group lifted their price target on shares of Toast from $41.00 to $47.00 and gave the company a "buy" rating in a report on Thursday, February 20th. Wells Fargo & Company lifted 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. Finally, Morgan Stanley lifted their price target on shares of Toast from $46.00 to $50.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Twelve research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Toast currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.91.

Insiders Place Their Bets

In other Toast news, Director Deval L. Patrick sold 34,222 shares of the business's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $33.01, for a total value of $1,129,668.22. Following the transaction, the director now owns 13,260 shares in the company, valued at $437,712.60. The trade was a 72.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through 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 stock was sold at an average price of $45.13, for a total transaction of $496,430.00. Following the completion of the transaction, the director now owns 229,680 shares in the company, valued at $10,365,458.40. This represents a 4.57% decrease in their position. The disclosure for this sale can be found here. Insiders have 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.

Toast Stock Performance

Shares of NYSE:TOST traded down $0.20 during midday trading on Friday, hitting $42.48. 4,795,381 shares of the company's stock traded hands, compared to its average volume of 6,856,461. The company has a market cap of $21.16 billion, a PE ratio of -4,243.76, a P/E/G ratio of 2.16 and a beta of 1.98. The firm's fifty day moving average price is $36.49 and its two-hundred day moving average price is $37.79. Toast, Inc. has a twelve month low of $21.32 and a twelve month high of $45.56.

Toast (NYSE:TOST - Get Free Report) last issued 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). Toast had a return on equity of 1.54% and a net margin of 0.40%. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.32 billion. As a group, equities research analysts anticipate that Toast, Inc. will post 0.39 EPS for the current fiscal 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.