OMERS ADMINISTRATION Corp Decreases Holdings in Toast, Inc. (NYSE:TOST)

OMERS ADMINISTRATION Corp lessened its position in shares of Toast, Inc. (NYSE:TOST - Free Report) by 39.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,328 shares of the company's stock after selling 34,782 shares during the period. OMERS ADMINISTRATION Corp's holdings in Toast were worth $1,907,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Toast by 0.8% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 38,632 shares of the company's stock valued at $1,408,000 after purchasing an additional 301 shares during the last quarter. Keel Point LLC lifted its stake in shares of Toast by 2.7% during the 4th quarter. Keel Point LLC now owns 12,269 shares of the company's stock valued at $447,000 after buying an additional 326 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Toast by 11.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,435 shares of the company's stock worth $125,000 after buying an additional 358 shares during the period. Mirador Capital Partners LP grew its stake in Toast by 0.9% in the 4th quarter. Mirador Capital Partners LP now owns 41,938 shares of the company's stock valued at $1,529,000 after buying an additional 360 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in Toast by 120.4% in the 4th quarter. Blue Trust Inc. now owns 692 shares of the company's stock valued at $25,000 after buying an additional 378 shares in the last quarter. Institutional investors own 82.91% of the company's stock.

Toast Stock Performance

NYSE:TOST traded down $0.04 during mid-day trading on Monday, reaching $44.68. The stock had a trading volume of 4,926,628 shares, compared to its average volume of 6,862,558. The stock has a market capitalization of $22.25 billion, a P/E ratio of -4,463.54, a P/E/G 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 $45.56. The firm has a 50 day moving average price of $35.55 and a two-hundred day moving average price of $37.41.

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TOST. Evercore ISI began coverage on Toast in a report on Wednesday, April 9th. They issued an "in-line" rating and a $29.00 price target for the company. Wells Fargo & Company raised their target price on Toast from $39.00 to $46.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. DA Davidson decreased their price target on Toast from $42.00 to $40.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Royal Bank of Canada increased their price target on shares of Toast from $40.00 to $45.00 and gave the stock a "sector perform" rating in a report on Thursday, February 20th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $50.00 price objective on shares of Toast in a research note on Thursday, February 20th. Thirteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $40.91.

Insider Buying and Selling at Toast

In other Toast news, President Stephen Fredette sold 70,340 shares of Toast 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 owns 1,574,316 shares of the company's stock, valued at approximately $53,322,082.92. This trade represents a 4.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Deval L. Patrick sold 34,222 shares of Toast stock in a transaction dated 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 completion of the sale, the director now owns 13,260 shares of the company's stock, valued at $437,712.60. The trade was a 72.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 416,991 shares of company stock valued at $15,242,750. 13.32% of the stock is currently owned by company insiders.

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.