Russell Investments Group Ltd. Has $4.93 Million Stock Position in Toast, Inc. (NYSE:TOST)

Russell Investments Group Ltd. increased its holdings in shares of Toast, Inc. (NYSE:TOST - Free Report) by 77.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 135,365 shares of the company's stock after buying an additional 59,231 shares during the quarter. Russell Investments Group Ltd.'s holdings in Toast were worth $4,934,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Blue Trust Inc. grew its position in Toast by 120.4% during the fourth quarter. Blue Trust Inc. now owns 692 shares of the company's stock valued at $25,000 after acquiring an additional 378 shares during the period. Piscataqua Savings Bank purchased a new position in Toast in the fourth quarter valued at approximately $26,000. Stonebridge Financial Group LLC purchased a new stake in Toast during the fourth quarter worth approximately $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. acquired a new position in shares of Toast during the 4th quarter valued at $40,000. 82.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Toast

In related news, President Stephen Fredette sold 1,068 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total value of $42,324.84. Following the sale, the president now directly owns 1,644,656 shares in the company, valued at $65,177,717.28. The trade was a 0.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Deval L. Patrick sold 34,222 shares of the company's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $33.01, for a total value of $1,129,668.22. Following the completion of the transaction, the director now directly owns 13,260 shares in the company, valued at $437,712.60. This represents a 72.07 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 340,770 shares of company stock valued at $11,803,911. Company insiders own 13.32% of the company's stock.

Toast Stock Performance

Shares of Toast stock traded up $0.01 during trading on Friday, hitting $34.30. 4,887,706 shares of the stock were exchanged, compared to its average volume of 6,829,247. Toast, Inc. has a 12 month low of $21.32 and a 12 month high of $44.12. The stock's fifty day moving average is $35.55 and its 200 day moving average is $36.04. The stock has a market cap of $16.95 billion, a PE ratio of -3,426.97, a P/E/G ratio of 2.16 and a beta of 2.00.

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 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%. Sell-side analysts anticipate that Toast, Inc. will post 0.39 EPS for the current fiscal year.

Analyst Ratings Changes

TOST has been the topic of several research reports. Morgan Stanley cut 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. 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. Needham & Company LLC reissued a "buy" rating and set a $50.00 target price on shares of Toast in a research report on Thursday, February 20th. Evercore ISI started coverage on shares of Toast in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $29.00 target price for the company. Finally, Robert W. Baird lifted their price target on shares of Toast from $38.00 to $40.00 and gave the stock a "neutral" rating in a research note on Thursday, February 20th. Thirteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $40.09.

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.