854,726 Shares in Toast, Inc. (NYSE:TOST) Bought by Polar Capital Holdings Plc

Polar Capital Holdings Plc purchased a new stake in shares of Toast, Inc. (NYSE:TOST - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 854,726 shares of the company's stock, valued at approximately $31,155,000. Polar Capital Holdings Plc owned about 0.18% of Toast as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TOST. Blue Trust Inc. grew its stake in shares of Toast by 120.4% in the fourth quarter. Blue Trust Inc. now owns 692 shares of the company's stock worth $25,000 after acquiring an additional 378 shares during the last quarter. Piscataqua Savings Bank acquired a new stake in shares of Toast in the fourth quarter worth $26,000. Stonebridge Financial Group LLC acquired a new stake in shares of Toast in the fourth quarter worth $34,000. SBI Securities Co. Ltd. acquired a new stake in shares of Toast in the fourth quarter worth $35,000. Finally, Wingate Wealth Advisors Inc. bought a new position in Toast in the fourth quarter worth $40,000. Institutional investors and hedge funds own 82.91% of the company's stock.

Toast Stock Down 1.3%

TOST stock traded down $0.56 during midday trading on Wednesday, reaching $43.76. The stock had a trading volume of 2,297,401 shares, compared to its average volume of 7,059,673. The business has a fifty day simple moving average of $35.99 and a two-hundred day simple moving average of $37.55. The firm has a market cap of $21.79 billion, a price-to-earnings ratio of -4,370.53, a PEG ratio of 2.16 and a beta of 1.98. Toast, Inc. has a twelve month low of $21.32 and a twelve month high of $45.56.

Toast (NYSE:TOST - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. Toast had a return on equity of 1.54% and a net margin of 0.40%. On average, equities analysts predict that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Transactions at Toast

In other news, Director Christopher P. Comparato sold 70,000 shares of the company's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $35.71, for a total transaction of $2,499,700.00. Following the completion of the sale, the director now directly owns 164,796 shares in the company, valued at approximately $5,884,865.16. This represents a 29.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Paul D. Bell sold 11,000 shares of the company's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $45.13, for a total value of $496,430.00. Following the sale, the director now owns 229,680 shares of the company's stock, valued at approximately $10,365,458.40. The trade was a 4.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 416,991 shares of company stock worth $15,242,750. 13.32% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently commented on TOST shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $50.00 target price on shares of Toast in a research report on Thursday, February 20th. Evercore ISI started coverage on Toast in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $29.00 target price for the company. DA Davidson reduced their target price on Toast from $42.00 to $40.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Royal Bank of Canada lifted their price objective on Toast from $40.00 to $45.00 and gave the company a "sector perform" rating in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. lifted their price objective on Toast from $36.00 to $42.00 and gave the company a "neutral" rating in a report on Thursday, February 20th. Thirteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $40.91.

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.