Invesco Ltd. Has $82.67 Million Holdings in Toast, Inc. (NYSE:TOST)

Invesco Ltd. decreased its stake in shares of Toast, Inc. (NYSE:TOST - Free Report) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,267,946 shares of the company's stock after selling 107,220 shares during the period. Invesco Ltd. owned approximately 0.48% of Toast worth $82,667,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Nomura Asset Management Co. Ltd. increased its holdings in Toast by 17.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 102,800 shares of the company's stock worth $2,910,000 after purchasing an additional 15,000 shares in the last quarter. Barclays PLC boosted its position in shares of Toast by 38.0% during the third quarter. Barclays PLC now owns 309,426 shares of the company's stock worth $8,758,000 after buying an additional 85,171 shares during the period. M&T Bank Corp raised its position in Toast by 20.0% in the 3rd quarter. M&T Bank Corp now owns 30,955 shares of the company's stock valued at $877,000 after buying an additional 5,169 shares during the last quarter. Geode Capital Management LLC lifted its stake in Toast by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,865,934 shares of the company's stock valued at $193,992,000 after acquiring an additional 155,212 shares in the last quarter. Finally, Toronto Dominion Bank lifted its stake in Toast by 35.4% in the 3rd quarter. Toronto Dominion Bank now owns 46,319 shares of the company's stock valued at $1,311,000 after acquiring an additional 12,118 shares in the last quarter. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Oppenheimer started coverage on shares of Toast in a research report on Friday, January 24th. They issued an "outperform" rating and a $46.00 price objective on the stock. Robert W. Baird increased their price objective on shares of Toast from $38.00 to $40.00 and gave the stock a "neutral" rating in a research note on Thursday, February 20th. Canaccord Genuity Group lifted their target price on Toast from $43.00 to $48.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. The Goldman Sachs Group reduced their price target on Toast from $43.00 to $38.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Finally, Royal Bank of Canada boosted their price target on Toast from $40.00 to $45.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 20th. Thirteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, Toast presently has an average rating of "Hold" and an average price target of $40.09.

Toast Stock Performance

Shares of TOST stock traded up $0.01 on Friday, hitting $34.30. The company's stock had a trading volume of 4,887,706 shares, compared to its average volume of 6,819,214. Toast, Inc. has a fifty-two week low of $21.32 and a fifty-two week high of $44.12. The company has a market capitalization of $16.95 billion, a PE ratio of -3,426.97, a PEG ratio of 2.16 and a beta of 2.00. The stock's 50 day moving average is $35.55 and its 200-day moving average is $36.04.

Toast (NYSE:TOST - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share (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 business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. On average, research analysts forecast that Toast, Inc. will post 0.39 earnings per share for the current year.

Insiders Place Their Bets

In other 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 value of $42,324.84. Following the completion of the transaction, the president now directly owns 1,644,656 shares in the company, valued at approximately $65,177,717.28. The trade was a 0.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Elena Gomez sold 2,052 shares of Toast 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 $81,320.76. Following the completion of the transaction, the chief financial officer now directly owns 160,498 shares in the company, valued at $6,360,535.74. This trade represents a 1.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 270,770 shares of company stock worth $9,409,211 in the last 90 days. Company insiders own 13.32% of the company's stock.

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.