Talon Private Wealth LLC Acquires New Stake in Toast, Inc. (NYSE:TOST)

Talon Private Wealth LLC acquired a new position in shares of Toast, Inc. (NYSE:TOST - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 13,428 shares of the company's stock, valued at approximately $489,000.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased 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 worth $1,548,186,000 after buying an additional 4,147,430 shares during the period. Capital International Investors increased its position in Toast by 1.9% during 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 period. FMR LLC raised its stake in Toast by 22.1% during the 4th quarter. FMR LLC now owns 29,853,639 shares of the company's stock valued at $1,088,165,000 after purchasing an additional 5,403,896 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Toast in the 4th quarter valued at $282,010,000. Finally, Geode Capital Management LLC grew its position in Toast by 2.9% in 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 owned by hedge funds and other institutional investors.

Insider Activity

In other Toast news, President Stephen Fredette sold 70,340 shares of the company's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $33.87, for a total value of $2,382,415.80. Following the completion of the sale, the president now directly owns 1,574,316 shares in the company, valued at $53,322,082.92. This represents a 4.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction of $25,878.39. Following the transaction, the general counsel now directly owns 209,206 shares of the company's stock, valued at approximately $8,290,833.78. This trade represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 340,770 shares of company stock valued at $11,803,911 in the last ninety days. Insiders own 13.32% of the company's stock.

Toast Price Performance

Shares of NYSE:TOST traded down $0.14 during trading hours on Monday, hitting $35.87. 4,871,014 shares of the company's stock traded hands, compared to its average volume of 6,842,860. Toast, Inc. has a 1 year low of $21.32 and a 1 year high of $44.12. The firm has a market capitalization of $17.84 billion, a P/E ratio of -3,583.52, a price-to-earnings-growth ratio of 2.16 and a beta of 1.98. The business has a fifty day moving average price of $34.60 and a 200-day moving average price of $36.66.

Toast (NYSE:TOST - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $1.34 billion for the quarter, compared to analysts' expectations 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 predict that Toast, Inc. will post 0.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

TOST has been the topic of a number of research reports. Morgan Stanley lowered their price objective on Toast from $50.00 to $46.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. UBS Group lifted their price objective on Toast from $41.00 to $47.00 and gave the company a "buy" rating in a report on Thursday, February 20th. BMO Capital Markets lifted their price objective on Toast from $46.00 to $48.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Evercore ISI assumed coverage on Toast in a report on Wednesday, April 9th. They issued an "in-line" rating and a $29.00 target price on the stock. Finally, Canaccord Genuity Group lifted their price target on Toast from $43.00 to $48.00 and gave the company a "buy" rating in a report on Thursday, February 20th. Thirteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Toast currently has an average rating of "Hold" and an average price target of $40.35.

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.