Toast, Inc. (NYSE:TOST) Stock Holdings Decreased by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD reduced its position in Toast, Inc. (NYSE:TOST - Free Report) by 29.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,963,523 shares of the company's stock after selling 8,359,048 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 4.24% of Toast worth $727,672,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of TOST. Vanguard Group Inc. raised its position in Toast by 10.8% in the 4th quarter. Vanguard Group Inc. now owns 42,474,232 shares of the company's stock valued at $1,548,186,000 after purchasing an additional 4,147,430 shares in the last quarter. Capital International Investors lifted its stake in Toast by 1.9% in the fourth quarter. Capital International Investors now owns 41,961,233 shares of the company's stock worth $1,529,657,000 after acquiring an additional 785,641 shares during the last quarter. FMR LLC grew its holdings in Toast by 22.1% during the 4th quarter. FMR LLC now owns 29,853,639 shares of the company's stock worth $1,088,165,000 after acquiring an additional 5,403,896 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Toast in the 4th quarter valued at approximately $282,010,000. Finally, Geode Capital Management LLC lifted its position in shares of Toast by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 7,061,739 shares of the company's stock worth $256,970,000 after purchasing an additional 195,805 shares during the last quarter. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Toast

In related news, President Stephen Fredette sold 1,068 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total value of $42,324.84. Following the transaction, the president now owns 1,644,656 shares in the company, valued at approximately $65,177,717.28. The trade was a 0.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Brian R. Elworthy sold 653 shares of Toast stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total value of $25,878.39. Following the sale, the general counsel now owns 209,206 shares in the company, valued at $8,290,833.78. This represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 340,770 shares of company stock worth $11,803,911. 13.32% of the stock is currently owned by company insiders.

Toast Stock Performance

Toast stock traded down $0.68 during midday trading on Wednesday, reaching $35.53. The stock had a trading volume of 1,849,224 shares, compared to its average volume of 6,816,835. Toast, Inc. has a twelve month low of $21.32 and a twelve month high of $44.12. The stock has a market capitalization of $17.55 billion, a PE ratio of -3,543.16, a price-to-earnings-growth ratio of 2.16 and a beta of 2.00. The stock's 50-day simple moving average is $34.68 and its 200 day simple moving average is $36.46.

Toast (NYSE:TOST - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share 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 analysts' expectations of $1.32 billion. Equities analysts predict that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TOST. Wells Fargo & Company raised shares of Toast from an "underweight" rating to an "overweight" rating and boosted their price target for the company from $30.00 to $39.00 in a research report on Thursday, April 10th. Royal Bank of Canada upped their target price on shares of Toast from $40.00 to $45.00 and gave the company a "sector perform" rating in a report on Thursday, February 20th. BMO Capital Markets boosted their price target on Toast from $46.00 to $48.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Needham & Company LLC reaffirmed a "buy" rating and set a $50.00 price objective on shares of Toast in a research report on Thursday, February 20th. Finally, Wolfe Research raised 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 investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $40.26.

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.