30,291 Shares in Toast, Inc. (NYSE:TOST) Acquired by Northeast Investment Management

Northeast Investment Management bought a new position in shares of Toast, Inc. (NYSE:TOST) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 30,291 shares of the company’s stock, valued at approximately $1,104,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. ValueAct Holdings L.P. acquired a new stake in shares of Toast during the 3rd quarter worth about $438,301,000. FMR LLC boosted its stake in Toast by 50.5% during the third quarter. FMR LLC now owns 24,449,743 shares of the company’s stock worth $692,172,000 after buying an additional 8,205,053 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Toast by 2,889.8% during the third quarter. Assenagon Asset Management S.A. now owns 3,829,995 shares of the company’s stock valued at $108,427,000 after acquiring an additional 3,701,893 shares during the last quarter. Perpetual Ltd purchased a new stake in shares of Toast in the 4th quarter valued at approximately $60,878,000. Finally, Worldquant Millennium Advisors LLC raised its stake in shares of Toast by 1,475.0% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 850,965 shares of the company’s stock valued at $24,091,000 after acquiring an additional 796,936 shares during the period. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Insider Buying and Selling

In other news, President Stephen Fredette sold 1,068 shares of the business’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 transaction, the president now directly owns 1,644,656 shares in the company, valued at $65,177,717.28. The trade was a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Brian R. Elworthy sold 653 shares of Toast stock in a transaction that occurred on Tuesday, February 4th. The shares were 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 disclosure for this sale can be found here. Insiders have sold 462,449 shares of company stock worth $18,205,099 in the last quarter. 13.32% of the stock is owned by insiders.

Toast Stock Down 1.8 %

NYSE TOST opened at $41.21 on Friday. The firm’s fifty day moving average price is $38.39 and its 200 day moving average price is $32.41. Toast, Inc. has a 12 month low of $18.47 and a 12 month high of $44.12.

Toast (NYSE:TOST) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.06. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. Toast had a negative return on equity of 3.84% and a negative net margin of 1.05%. During the same quarter last year, the company posted ($0.09) earnings per share. Equities analysts anticipate that Toast, Inc. will post 0.03 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Toast from $24.00 to $30.00 and gave the company a “hold” rating in a report on Monday, November 4th. BMO Capital Markets assumed coverage on Toast in a report on Monday, January 6th. They issued an “outperform” rating and a $45.00 price objective on the stock. Piper Sandler raised their target price on Toast from $25.00 to $35.00 and gave the company a “neutral” rating in a report on Monday, November 11th. The Goldman Sachs Group cut their price target on shares of Toast from $45.00 to $40.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Finally, 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 note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $36.09.

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.