Swiss National Bank Raises Stock Holdings in Toast, Inc. (NYSE:TOST)

Swiss National Bank lifted its stake in Toast, Inc. (NYSE:TOST - Free Report) by 3.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,027,800 shares of the company's stock after purchasing an additional 33,500 shares during the period. Swiss National Bank owned 0.24% of Toast worth $18,768,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. SRS Capital Advisors Inc. bought a new stake in shares of Toast in the third quarter worth about $33,000. Larson Financial Group LLC increased its position in shares of Toast by 8,181.8% during the third quarter. Larson Financial Group LLC now owns 1,822 shares of the company's stock worth $34,000 after acquiring an additional 1,800 shares in the last quarter. Spire Wealth Management lifted its position in Toast by 481.6% in the 3rd quarter. Spire Wealth Management now owns 1,838 shares of the company's stock valued at $34,000 after acquiring an additional 1,522 shares in the last quarter. Your Advocates Ltd. LLP acquired a new position in Toast in the 3rd quarter worth $37,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in Toast during the 3rd quarter worth about $37,000. 82.91% of the stock is owned by institutional investors and hedge funds.

Toast Trading Up 0.1 %

NYSE TOST traded up $0.02 during trading hours on Friday, hitting $26.84. 6,740,103 shares of the company's stock were exchanged, compared to its average volume of 8,269,953. Toast, Inc. has a 1-year low of $13.77 and a 1-year high of $27.57. The stock has a 50-day simple moving average of $23.79 and a 200 day simple moving average of $19.62. The firm has a market cap of $12.11 billion, a price-to-earnings ratio of -52.94 and a beta of 1.77.

Toast (NYSE:TOST - Get Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The company reported ($0.15) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.15). Toast had a negative return on equity of 21.77% and a negative net margin of 6.36%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the company earned ($0.16) earnings per share. The company's quarterly revenue was up 31.3% on a year-over-year basis. On average, sell-side analysts anticipate that Toast, Inc. will post -0.22 earnings per share for the current fiscal year.

Insider Activity at Toast

In related news, President Stephen Fredette sold 2,272 shares of the business's stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $23.40, for a total value of $53,164.80. Following the sale, the president now directly owns 2,835,759 shares in the company, valued at approximately $66,356,760.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, President Stephen Fredette sold 2,272 shares of the business's stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $23.40, for a total transaction of $53,164.80. Following the sale, the president now directly owns 2,835,759 shares in the company, valued at approximately $66,356,760.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CRO Jonathan Vassil sold 50,000 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $22.90, for a total value of $1,145,000.00. Following the sale, the executive now directly owns 25,422 shares in the company, valued at approximately $582,163.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 193,010 shares of company stock worth $4,711,760. Insiders own 13.32% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Redburn Atlantic upgraded Toast from a "neutral" rating to a "buy" rating and set a $28.00 target price on the stock in a report on Wednesday, February 7th. Wells Fargo & Company upped their price target on shares of Toast from $17.00 to $19.00 and gave the stock an "underweight" rating in a research report on Wednesday. Canaccord Genuity Group boosted their price objective on shares of Toast from $22.00 to $28.00 and gave the stock a "buy" rating in a research note on Wednesday. BNP Paribas upgraded Toast from a "neutral" rating to an "outperform" rating and set a $30.00 price target for the company in a report on Thursday, March 7th. Finally, The Goldman Sachs Group upped their price objective on Toast from $26.00 to $29.00 and gave the company a "buy" rating in a research note on Monday, April 15th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $25.80.

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.