Toast, Inc. (NYSE:TOST) Shares Acquired by AQR Capital Management LLC

AQR Capital Management LLC increased its position in shares of Toast, Inc. (NYSE:TOST - Free Report) by 5.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 201,928 shares of the company's stock after buying an additional 11,307 shares during the period. AQR Capital Management LLC's holdings in Toast were worth $7,360,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the company. Blue Trust Inc. raised its holdings in shares of 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 last quarter. Piscataqua Savings Bank acquired a new position in Toast in the fourth quarter valued at about $26,000. Stonebridge Financial Group LLC acquired a new position in Toast during the fourth quarter worth $34,000. SBI Securities Co. Ltd. purchased a new position in Toast during the 4th quarter valued at about $35,000. Finally, Wingate Wealth Advisors Inc. purchased a new position in shares of Toast in the fourth quarter valued at approximately $40,000. 82.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TOST. The Goldman Sachs Group lowered their price objective on Toast from $43.00 to $38.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Canaccord Genuity Group raised their price objective on Toast from $43.00 to $48.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. JPMorgan Chase & Co. lifted their target price on shares of Toast from $36.00 to $42.00 and gave the company a "neutral" rating in a report on Thursday, February 20th. Wells Fargo & Company upgraded Toast from an "underweight" rating to an "overweight" rating and lifted their target price for the company from $30.00 to $39.00 in a research note on Thursday, April 10th. Finally, BMO Capital Markets raised 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 given a buy rating to the company. According to MarketBeat.com, Toast presently has a consensus rating of "Hold" and an average price target of $40.35.

Toast Price Performance

TOST opened at $35.61 on Thursday. The stock has a market capitalization of $17.71 billion, a P/E ratio of -3,557.44, a price-to-earnings-growth ratio of 2.16 and a beta of 1.98. Toast, Inc. has a one year low of $21.32 and a one year high of $44.12. The company's 50 day simple moving average is $34.45 and its 200-day simple moving average is $36.68.

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

Insider Buying and Selling at Toast

In other Toast news, Director Deval L. Patrick sold 34,222 shares of the company's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $33.01, for a total value of $1,129,668.22. Following the transaction, the director now directly owns 13,260 shares of the company's stock, valued at $437,712.60. This represents a 72.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Christopher P. Comparato sold 70,000 shares of Toast stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $34.21, for a total transaction of $2,394,700.00. Following the completion of the sale, the director now owns 179,316 shares of the company's stock, valued at approximately $6,134,400.36. The trade was a 28.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 335,991 shares of company stock worth $11,614,520. Corporate insiders own 13.32% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.