Toast, Inc. (NYSE:TOST) Stock Holdings Boosted by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its position in shares of Toast, Inc. (NYSE:TOST - Free Report) by 12.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 152,922 shares of the company's stock after acquiring an additional 16,945 shares during the period. Hsbc Holdings PLC's holdings in Toast were worth $5,576,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Blue Trust Inc. grew its position in shares of Toast by 120.4% during the fourth quarter. Blue Trust Inc. now owns 692 shares of the company's stock worth $25,000 after acquiring an additional 378 shares during the last quarter. Piscataqua Savings Bank bought a new stake in shares of Toast during the 4th quarter worth about $26,000. Stonebridge Financial Group LLC acquired a new stake in shares of Toast in the 4th quarter worth approximately $34,000. SBI Securities Co. Ltd. bought a new position in shares of Toast in the fourth quarter valued at approximately $35,000. Finally, Wingate Wealth Advisors Inc. acquired a new position in shares of Toast during the fourth quarter valued at approximately $40,000. Institutional investors own 82.91% of the company's stock.

Toast Stock Down 1.1 %

Toast stock opened at $35.72 on Tuesday. The company's fifty day simple moving average is $34.76 and its 200-day simple moving average is $36.47. Toast, Inc. has a 12 month low of $21.32 and a 12 month high of $44.12. The stock has a market cap of $17.65 billion, a P/E ratio of -3,568.43, 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 results on Wednesday, February 19th. The company reported $0.05 EPS 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 for the quarter, compared to analysts' expectations of $1.32 billion. On average, equities research analysts expect that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on TOST shares. BNP Paribas set a $37.00 target price on Toast and gave the stock a "neutral" rating in a report on Wednesday, February 19th. UBS Group boosted their target price on Toast from $41.00 to $47.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. Morgan Stanley dropped their target price on Toast from $50.00 to $46.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Robert W. Baird boosted their target price on Toast from $38.00 to $40.00 and gave the stock a "neutral" rating in a report on Thursday, February 20th. Finally, Wells Fargo & Company raised Toast from an "underweight" rating to an "overweight" rating and boosted their target price for the stock from $30.00 to $39.00 in a report on Thursday, April 10th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $40.26.

Insider Activity

In other Toast news, General Counsel Brian R. Elworthy sold 653 shares of the stock in a transaction on Tuesday, February 4th. The shares were 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 $8,290,833.78. This represents a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Christopher P. Comparato sold 70,000 shares of the stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $34.21, for a total transaction of $2,394,700.00. Following the transaction, the director now directly owns 179,316 shares in the company, valued at $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. Insiders have sold a total of 340,770 shares of company stock worth $11,803,911 in the last ninety days. Corporate insiders own 13.32% of the company's stock.

Toast Company 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.

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