Andra AP fonden Acquires 99,812 Shares of Toast, Inc. (NYSE:TOST)

Andra AP fonden raised its holdings in shares of Toast, Inc. (NYSE:TOST) by 119.6% in the fourth quarter, HoldingsChannel reports. The firm owned 183,300 shares of the company’s stock after buying an additional 99,812 shares during the quarter. Andra AP fonden’s holdings in Toast were worth $6,681,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC raised its holdings in shares of Toast by 32.3% during the third quarter. Farther Finance Advisors LLC now owns 2,033 shares of the company’s stock valued at $58,000 after acquiring an additional 496 shares in the last quarter. Kampmann Melissa S. raised its holdings in Toast by 28.9% in the 3rd quarter. Kampmann Melissa S. now owns 56,120 shares of the company’s stock worth $1,589,000 after purchasing an additional 12,590 shares in the last quarter. Lisanti Capital Growth LLC lifted its position in shares of Toast by 43.0% in the 3rd quarter. Lisanti Capital Growth LLC now owns 60,245 shares of the company’s stock worth $1,706,000 after purchasing an additional 18,125 shares during the period. Entropy Technologies LP bought a new stake in shares of Toast during the 3rd quarter valued at about $894,000. Finally, GSA Capital Partners LLP boosted its stake in shares of Toast by 179.7% during the 3rd quarter. GSA Capital Partners LLP now owns 53,064 shares of the company’s stock valued at $1,502,000 after purchasing an additional 34,090 shares in the last quarter. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Toast Stock Up 1.9 %

Shares of TOST opened at $34.77 on Friday. The company has a market capitalization of $17.17 billion, a P/E ratio of -3,473.03, a price-to-earnings-growth ratio of 2.16 and a beta of 1.99. Toast, Inc. has a twelve month low of $21.32 and a twelve month high of $44.12. The firm has a 50 day moving average of $38.36 and a 200 day moving average of $34.29.

Toast (NYSE:TOST) 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 company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.32 billion. On average, sell-side analysts expect that Toast, Inc. will post 0.39 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. 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 research note on Thursday, February 20th. BNP Paribas set a $37.00 target price on Toast and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Canaccord Genuity Group lifted their price target on Toast from $43.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Keefe, Bruyette & Woods upped their price target on Toast from $40.00 to $42.00 and gave the stock a “market perform” rating in a research note on Thursday, February 20th. Finally, JPMorgan Chase & Co. raised their price objective on Toast from $36.00 to $42.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and nine 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 $40.48.

Insider Buying and Selling

In related news, General Counsel Brian R. Elworthy sold 653 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the general counsel now directly owns 209,206 shares in the company, valued at approximately $8,290,833.78. The trade was a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Christopher P. Comparato sold 145,000 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $36.04, for a total transaction of $5,225,800.00. Following the completion of the transaction, the director now owns 182,451 shares in the company, valued at $6,575,534.04. The trade was a 44.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 149,779 shares of company stock valued at $5,415,192 over the last 90 days. Company insiders own 13.32% of the company’s stock.

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.