Itau Unibanco Holding S.A. Makes New Investment in Toast, Inc. (NYSE:TOST)

Itau Unibanco Holding S.A. acquired a new position in shares of Toast, Inc. (NYSE:TOST - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 21,000 shares of the company's stock, valued at approximately $774,000.

Several other large investors have also modified their holdings of the stock. Blue Trust Inc. lifted 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 worth $25,000 after acquiring an additional 378 shares during the period. Piscataqua Savings Bank acquired a new stake in shares of Toast during the 4th quarter worth about $26,000. Stonebridge Financial Group LLC acquired a new position in Toast in the 4th quarter valued at $34,000. SBI Securities Co. Ltd. purchased a new stake in Toast in the 4th quarter valued at about $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.

Toast Price Performance

TOST traded up $0.78 during trading on Friday, hitting $36.08. The stock had a trading volume of 6,503,078 shares, compared to its average volume of 6,850,778. Toast, Inc. has a one year low of $21.32 and a one year high of $44.12. The company has a 50 day moving average price of $34.60 and a 200-day moving average price of $36.66. The firm has a market cap of $17.95 billion, a price-to-earnings ratio of -3,604.40, a P/E/G ratio of 2.16 and a beta of 2.00.

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 analysts' consensus estimates of $0.06 by ($0.01). The company had revenue of $1.34 billion during 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%. As a group, sell-side analysts predict that Toast, Inc. will post 0.39 EPS for the current fiscal year.

Insider Transactions at Toast

In other news, Director Christopher P. Comparato sold 70,000 shares of the business's stock in a transaction dated Thursday, April 17th. The stock was sold at an average price of $34.21, for a total value of $2,394,700.00. Following the transaction, the director now directly owns 179,316 shares of the company's stock, valued at $6,134,400.36. The trade was a 28.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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. This trade represents a 0.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 340,770 shares of company stock valued at $11,803,911. 13.32% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. DA Davidson reduced their target price on shares of Toast from $42.00 to $40.00 and set a "neutral" rating on the stock in a research report on Wednesday. Keefe, Bruyette & Woods lifted their target price on Toast from $40.00 to $42.00 and gave the company a "market perform" rating in a research note 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. UBS Group upped their target price on Toast from $41.00 to $47.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Finally, Wolfe Research upgraded Toast from a "peer perform" rating to an "outperform" rating and set a $44.00 target price on the stock in a report on Wednesday, April 23rd. Thirteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Toast has an average rating of "Hold" and an average target price of $40.35.

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.