291,918 Shares in Toast, Inc. (NYSE:TOST) Acquired by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC bought a new position in shares of Toast, Inc. (NYSE:TOST - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 291,918 shares of the company's stock, valued at approximately $10,640,000. Susquehanna Fundamental Investments LLC owned about 0.06% of Toast at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in Toast by 120.4% during 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 last quarter. Piscataqua Savings Bank bought a new stake in Toast during the fourth quarter worth $26,000. Stonebridge Financial Group LLC bought a new stake in Toast during the fourth quarter worth $34,000. SBI Securities Co. Ltd. bought a new stake in Toast during the fourth quarter worth $35,000. Finally, Wingate Wealth Advisors Inc. bought a new stake in Toast during the fourth quarter worth $40,000. Institutional investors and hedge funds own 82.91% of the company's stock.

Insiders Place Their Bets

In other Toast news, President Stephen Fredette sold 1,068 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total transaction of $42,324.84. Following the completion of the sale, the president now directly owns 1,644,656 shares in the company, valued at approximately $65,177,717.28. This trade represents a 0.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Brian R. Elworthy sold 653 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $8,290,833.78. The trade was 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 sold 340,770 shares of company stock worth $11,803,911. Company insiders own 13.32% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TOST. BNP Paribas set a $37.00 price target on shares of Toast and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. Wells Fargo & Company raised shares of Toast from an "underweight" rating to an "overweight" rating and increased their price objective for the company from $30.00 to $39.00 in a research report on Thursday, April 10th. Royal Bank of Canada increased their price objective on shares of Toast from $40.00 to $45.00 and gave the company a "sector perform" rating in a research report on Thursday, February 20th. Keefe, Bruyette & Woods increased their price objective on shares of Toast from $40.00 to $42.00 and gave the company a "market perform" rating in a research report on Thursday, February 20th. Finally, BMO Capital Markets increased their price objective on shares of Toast from $46.00 to $48.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $40.35.

Toast Stock Performance

Shares of TOST traded down $0.67 during mid-day trading on Wednesday, reaching $35.54. The company had a trading volume of 6,661,198 shares, compared to its average volume of 6,847,110. The company's 50 day simple moving average is $34.64 and its 200 day simple moving average is $36.46. Toast, Inc. has a 1-year low of $21.32 and a 1-year high of $44.12. The company has a market capitalization of $17.68 billion, a price-to-earnings ratio of -3,550.45, a P/E/G ratio of 2.16 and a beta of 2.00.

Toast (NYSE:TOST - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.32 billion. Toast had a net margin of 0.40% and a return on equity of 1.54%. As a group, equities analysts forecast that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

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.