Chicago Capital LLC bought a new stake in Toast, Inc. (NYSE:TOST - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 8,693 shares of the company's stock, valued at approximately $317,000.
Other large investors have also recently added to or reduced their stakes in the company. Caprock Group LLC bought a new stake in Toast during the 4th quarter valued at approximately $229,000. Mediolanum International Funds Ltd acquired a new position in Toast in the fourth quarter worth about $1,392,000. Highland Capital Management LLC bought a new position in shares of Toast during the 4th quarter worth approximately $1,248,000. Swedbank AB acquired a new stake in shares of Toast in the 4th quarter valued at $303,000. Finally, Forsta AP Fonden grew its stake in Toast by 191.4% during the fourth quarter. Forsta AP Fonden now owns 234,300 shares of the company's stock worth $8,540,000 after buying an additional 153,900 shares during the last quarter. Institutional investors and hedge funds own 82.91% of the company's stock.
TOST has been the subject of several research reports. Royal Bank of Canada raised their price objective on shares of Toast from $27.00 to $40.00 and gave the company a "sector perform" rating in a research report on Friday, November 8th. BNP Paribas cut shares of Toast from an "outperform" rating to a "neutral" rating and set a $37.00 price objective for the company. in a report on Wednesday, November 20th. JPMorgan Chase & Co. increased their price target on Toast from $28.00 to $36.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. The Goldman Sachs Group dropped their price objective on shares of Toast from $45.00 to $40.00 and set a "neutral" rating on the stock in a report on Friday, January 10th. Finally, DA Davidson reaffirmed a "neutral" rating and set a $38.00 price target (down previously from $44.00) on shares of Toast in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $35.74.
Read Our Latest Report on TOST
In related news, Director Richard Kent Bennett sold 22,885 shares of the business's stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $41.96, for a total value of $960,254.60. Following the transaction, the director now owns 395,706 shares in the company, valued at $16,603,823.76. The trade was a 5.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Jonathan Vassil sold 100,000 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $36.55, for a total value of $3,655,000.00. Following the transaction, the executive now owns 39,834 shares in the company, valued at $1,455,932.70. The trade was a 71.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 557,670 shares of company stock valued at $21,670,707 over the last 90 days. 13.32% of the stock is owned by insiders.
NYSE:TOST opened at $39.99 on Tuesday. The firm has a market capitalization of $18.83 billion, a PE ratio of -307.60, a price-to-earnings-growth ratio of 2.18 and a beta of 1.98. The stock's 50-day simple moving average is $38.57 and its 200 day simple moving average is $32.10. Toast, Inc. has a twelve month low of $17.95 and a twelve month high of $44.12.
Toast (NYSE:TOST - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.06. Toast had a negative return on equity of 3.84% and a negative net margin of 1.05%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the company posted ($0.09) EPS. On average, analysts anticipate that Toast, Inc. will post 0.03 EPS for the current fiscal year.
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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