Vanguard Group Inc. Boosts Holdings in Toast, Inc. (NYSE:TOST)

Vanguard Group Inc. grew its stake in shares of Toast, Inc. (NYSE:TOST - Free Report) by 11.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,079,123 shares of the company's stock after purchasing an additional 3,494,579 shares during the quarter. Vanguard Group Inc. owned about 8.25% of Toast worth $657,032,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Advisor Group Holdings Inc. boosted its stake in shares of Toast by 4.3% during the 4th quarter. Advisor Group Holdings Inc. now owns 12,738 shares of the company's stock worth $229,000 after acquiring an additional 530 shares during the period. Brown Advisory Inc. boosted its stake in Toast by 2.6% in the 3rd quarter. Brown Advisory Inc. now owns 26,861 shares of the company's stock valued at $503,000 after purchasing an additional 675 shares during the period. Raymond James & Associates boosted its stake in Toast by 5.1% in the 4th quarter. Raymond James & Associates now owns 14,889 shares of the company's stock valued at $268,000 after purchasing an additional 725 shares during the period. Trinity Financial Advisors LLC boosted its stake in Toast by 3.7% in the 3rd quarter. Trinity Financial Advisors LLC now owns 21,135 shares of the company's stock valued at $396,000 after purchasing an additional 747 shares during the period. Finally, Treasurer of the State of North Carolina boosted its stake in Toast by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 155,598 shares of the company's stock valued at $2,914,000 after purchasing an additional 790 shares during the period. 60.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Toast

In other news, CEO Aman Narang sold 2,871 shares of Toast stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $17.39, for a total value of $49,926.69. Following the completion of the transaction, the chief executive officer now directly owns 1,156,538 shares in the company, valued at $20,112,195.82. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Aman Narang sold 2,871 shares of Toast stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $17.39, for a total value of $49,926.69. Following the completion of the transaction, the chief executive officer now directly owns 1,156,538 shares in the company, valued at $20,112,195.82. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Elena Gomez sold 11,650 shares of Toast stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $17.39, for a total value of $202,593.50. Following the completion of the transaction, the chief financial officer now owns 170,314 shares of the company's stock, valued at $2,961,760.46. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 359,444 shares of company stock valued at $7,276,642. Company insiders own 13.70% of the company's stock.

Toast Stock Down 2.3 %

NYSE:TOST traded down $0.56 on Friday, hitting $23.80. The stock had a trading volume of 3,672,354 shares, compared to its average volume of 9,112,117. The company has a market cap of $10.40 billion, a PE ratio of -46.66 and a beta of 1.78. Toast, Inc. has a 52 week low of $13.77 and a 52 week high of $27.00. The business's fifty day moving average is $20.84 and its 200 day moving average is $18.54.

Toast (NYSE:TOST - Get Free Report) last issued its quarterly earnings results on Thursday, February 15th. The company reported ($0.07) EPS for the quarter, beating analysts' consensus estimates of ($0.11) by $0.04. Toast had a negative return on equity of 21.77% and a negative net margin of 6.36%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the business posted ($0.19) earnings per share. Toast's revenue was up 34.7% on a year-over-year basis. Equities analysts predict that Toast, Inc. will post -0.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on TOST shares. Piper Sandler boosted their price target on Toast from $18.00 to $20.00 and gave the stock a "neutral" rating in a report on Friday, February 16th. Evercore ISI started coverage on Toast in a report on Monday, March 4th. They set an "outperform" rating and a $32.00 price target for the company. Royal Bank of Canada boosted their price target on Toast from $19.00 to $23.00 and gave the stock a "sector perform" rating in a report on Friday, February 16th. Mizuho boosted their price target on Toast from $14.00 to $17.00 and gave the stock a "neutral" rating in a report on Friday, February 16th. Finally, Bank of America cut Toast from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $22.00 to $16.00 in a report on Wednesday, December 6th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Toast presently has an average rating of "Hold" and a consensus price target of $22.85.

About Toast

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.