Toast, Inc. (NYSE:TOST) Shares Bought by Voya Investment Management LLC

Voya Investment Management LLC boosted its position in Toast, Inc. (NYSE:TOST - Free Report) by 236.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 761,499 shares of the company's stock after purchasing an additional 535,374 shares during the period. Voya Investment Management LLC owned approximately 0.16% of Toast worth $27,757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Toast by 5.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,938,487 shares of the company's stock valued at $107,108,000 after purchasing an additional 155,446 shares in the last quarter. Jupiter Asset Management Ltd. lifted its stake in shares of Toast by 134.3% during the 4th quarter. Jupiter Asset Management Ltd. now owns 392,853 shares of the company's stock worth $14,319,000 after purchasing an additional 225,215 shares during the last quarter. New York Life Investment Management LLC bought a new stake in Toast during the fourth quarter valued at about $1,572,000. Forsta AP Fonden grew its stake in Toast by 191.4% in the fourth quarter. Forsta AP Fonden now owns 234,300 shares of the company's stock valued at $8,540,000 after purchasing an additional 153,900 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in Toast by 129,058.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,074,286 shares of the company's stock worth $75,466,000 after purchasing an additional 2,072,680 shares in the last quarter. Institutional investors own 82.91% of the company's stock.

Insider Buying and Selling

In other Toast news, General Counsel Brian R. Elworthy sold 653 shares of the company's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total value of $25,878.39. Following the completion of the sale, the general counsel now directly owns 209,206 shares in the company, valued at $8,290,833.78. This represents a 0.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Stephen Fredette sold 1,068 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total transaction of $42,324.84. Following the completion of the sale, the president now directly owns 1,644,656 shares of the company's stock, valued at $65,177,717.28. This represents a 0.06 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 340,770 shares of company stock worth $11,803,911. 13.32% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on TOST shares. Canaccord Genuity Group lifted their price objective on shares of Toast from $43.00 to $48.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. BNP Paribas set a $37.00 price target on Toast and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. Royal Bank of Canada raised their price objective on Toast from $40.00 to $45.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 20th. Robert W. Baird upped their target price on Toast from $38.00 to $40.00 and gave the company a "neutral" rating in a research report on Thursday, February 20th. Finally, Wells Fargo & Company raised Toast from an "underweight" rating to an "overweight" rating and raised their price target for the stock from $30.00 to $39.00 in a report on Thursday, April 10th. Thirteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $40.35.

Toast Stock Down 0.9 %

Shares of TOST stock traded down $0.31 during trading hours on Thursday, hitting $35.27. 7,238,088 shares of the company's stock were exchanged, compared to its average volume of 6,848,936. The firm has a 50 day moving average of $34.64 and a two-hundred day moving average of $36.46. Toast, Inc. has a fifty-two week low of $21.32 and a fifty-two week high of $44.12. The firm has a market cap of $17.54 billion, a P/E ratio of -3,523.48, 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 data on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). Toast had a return on equity of 1.54% and a net margin of 0.40%. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.32 billion. On average, equities analysts forecast that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

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.