J. Goldman & Co LP Has $7.63 Million Stake in Toast, Inc. (NYSE:TOST)

J. Goldman & Co LP increased its position in shares of Toast, Inc. (NYSE:TOST - Free Report) by 1,469.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 209,276 shares of the company's stock after purchasing an additional 195,943 shares during the period. J. Goldman & Co LP's holdings in Toast were worth $7,628,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of TOST. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Toast by 0.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 38,632 shares of the company's stock worth $1,408,000 after purchasing an additional 301 shares during the last quarter. Keel Point LLC raised its position in shares of Toast by 2.7% during the fourth quarter. Keel Point LLC now owns 12,269 shares of the company's stock worth $447,000 after acquiring an additional 326 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Toast by 11.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,435 shares of the company's stock valued at $125,000 after acquiring an additional 358 shares during the period. Mirador Capital Partners LP boosted its holdings in Toast by 0.9% in the fourth quarter. Mirador Capital Partners LP now owns 41,938 shares of the company's stock valued at $1,529,000 after acquiring an additional 360 shares during the last quarter. Finally, Blue Trust Inc. increased its position in Toast by 120.4% in the fourth quarter. Blue Trust Inc. now owns 692 shares of the company's stock worth $25,000 after purchasing an additional 378 shares during the period. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Toast from $36.00 to $42.00 and gave the company a "neutral" rating in a research report on Thursday, February 20th. Needham & Company LLC restated a "buy" rating and issued a $50.00 price objective on shares of Toast in a report on Thursday, February 20th. UBS Group lifted their target price on shares of Toast from $41.00 to $47.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. Oppenheimer started coverage on Toast in a research note on Friday, January 24th. They issued an "outperform" rating and a $46.00 price target on the stock. Finally, Robert W. Baird raised their price target on Toast from $38.00 to $40.00 and gave the stock a "neutral" rating in a research report on Thursday, February 20th. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $40.91.

Toast Stock Up 2.0%

Shares of TOST stock traded up $0.89 during trading on Wednesday, reaching $44.85. The company's stock had a trading volume of 8,119,125 shares, compared to its average volume of 6,880,322. Toast, Inc. has a one year low of $21.32 and a one year high of $45.56. The business has a fifty day moving average price of $35.09 and a 200-day moving average price of $37.10. The company has a market cap of $22.31 billion, a price-to-earnings ratio of -4,480.52, a price-to-earnings-growth ratio of 2.16 and a beta of 1.98.

Toast (NYSE:TOST - Get Free Report) last posted 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 business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. Research analysts anticipate that Toast, Inc. will post 0.39 EPS for the current year.

Insider Buying and Selling

In other news, Director Deval L. Patrick sold 34,222 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $33.01, for a total value of $1,129,668.22. Following the completion of the sale, the director now directly owns 13,260 shares of the company's stock, valued at $437,712.60. This trade represents a 72.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, President Stephen Fredette sold 47,073 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $35.03, for a total value of $1,648,967.19. Following the transaction, the president now directly owns 1,491,773 shares in the company, valued at $52,256,808.19. The trade was a 3.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 335,991 shares of company stock worth $11,614,520. 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.