Worldquant Millennium Advisors LLC Has $51.63 Million Stock Holdings in Toast, Inc. (NYSE:TOST)

Worldquant Millennium Advisors LLC grew its holdings in Toast, Inc. (NYSE:TOST - Free Report) by 66.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,416,408 shares of the company's stock after buying an additional 565,443 shares during the quarter. Worldquant Millennium Advisors LLC owned 0.30% of Toast worth $51,628,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. raised its stake in shares of Toast by 120.4% in the 4th quarter. Blue Trust Inc. now owns 692 shares of the company's stock valued at $25,000 after buying an additional 378 shares in the last quarter. Piscataqua Savings Bank acquired a new position in shares of Toast in the 4th quarter valued at $26,000. Stonebridge Financial Group LLC acquired a new position in shares of Toast in the 4th quarter valued at $34,000. SBI Securities Co. Ltd. acquired a new position in shares of Toast in the 4th quarter valued at $35,000. Finally, Wingate Wealth Advisors Inc. acquired a new position in shares of Toast in the 4th quarter valued at $40,000. Institutional investors and hedge funds own 82.91% of the company's stock.

Insider Transactions at Toast

In related news, President Stephen Fredette sold 70,340 shares of Toast stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $33.87, for a total transaction of $2,382,415.80. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christopher P. Comparato sold 70,000 shares of Toast stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $35.71, for a total transaction of $2,499,700.00. Following the transaction, the director now directly owns 164,796 shares in the company, valued at $5,884,865.16. The trade was a 29.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 416,991 shares of company stock worth $15,242,750 in the last quarter. 13.32% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TOST. BNP Paribas set a $37.00 price objective on shares of Toast and gave the company a "neutral" rating in a research note on Wednesday, February 19th. Morgan Stanley increased their target price on shares of Toast from $46.00 to $50.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Canaccord Genuity Group increased their target price 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. UBS Group increased their target price on shares of Toast from $41.00 to $47.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Finally, Wells Fargo & Company increased their target price on shares of Toast from $39.00 to $46.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Toast has an average rating of "Hold" and an average target price of $40.91.

Toast Price Performance

Shares of NYSE:TOST opened at $44.68 on Tuesday. Toast, Inc. has a one year low of $21.32 and a one year high of $45.56. The company has a 50 day moving average of $35.75 and a 200-day moving average of $37.51. The stock has a market cap of $22.25 billion, a price-to-earnings ratio of -4,463.54, a P/E/G ratio of 2.16 and a beta of 1.98.

Toast (NYSE:TOST - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 EPS 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 for the quarter, compared to analyst estimates of $1.32 billion. Equities 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.

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