Bank Julius Baer & Co. Ltd Zurich Grows Stake in Toast, Inc. (NYSE:TOST)

Bank Julius Baer & Co. Ltd Zurich boosted its stake in Toast, Inc. (NYSE:TOST) by 6.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 12,354 shares of the company’s stock after buying an additional 735 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Toast were worth $497,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. boosted its stake in Toast by 120.4% during the 4th quarter. Blue Trust Inc. now owns 692 shares of the company’s stock worth $25,000 after purchasing an additional 378 shares during the last quarter. Piscataqua Savings Bank purchased a new position in shares of Toast in the fourth quarter worth about $26,000. Stonebridge Financial Group LLC acquired a new position in Toast during the fourth quarter worth about $34,000. SBI Securities Co. Ltd. purchased a new stake in Toast during the 4th quarter valued at about $35,000. Finally, Wingate Wealth Advisors Inc. acquired a new stake in Toast in the 4th quarter valued at about $40,000. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Elena Gomez sold 2,052 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total value of $81,320.76. Following the sale, the chief financial officer now directly owns 160,498 shares in the company, valued at approximately $6,360,535.74. This trade represents a 1.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Brian R. Elworthy sold 653 shares of Toast stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total transaction of $25,878.39. Following the sale, the general counsel now directly owns 209,206 shares of the company’s stock, valued at approximately $8,290,833.78. This trade represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 149,779 shares of company stock worth $5,415,192. 13.32% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

TOST has been the subject of a number of analyst reports. UBS Group upped their price target on Toast from $41.00 to $47.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. upped their target price on Toast from $36.00 to $42.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. Royal Bank of Canada lifted their price target on Toast from $40.00 to $45.00 and gave the stock a “sector perform” rating in a report on Thursday, February 20th. Keefe, Bruyette & Woods upped their price objective on shares of Toast from $40.00 to $42.00 and gave the company a “market perform” rating in a report on Thursday, February 20th. Finally, Needham & Company LLC restated a “buy” rating and set a $50.00 price objective on shares of Toast in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $40.48.

Toast Trading Down 3.8 %

Shares of NYSE TOST opened at $33.40 on Tuesday. The stock has a fifty day simple moving average of $38.36 and a 200-day simple moving average of $34.44. Toast, Inc. has a twelve month low of $21.32 and a twelve month high of $44.12. The stock has a market capitalization of $16.50 billion, a PE ratio of -3,336.66, a PEG ratio of 2.16 and a beta of 1.99.

Toast (NYSE:TOST) last released its earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.32 billion. Toast had a net margin of 0.40% and a return on equity of 1.54%. On average, equities analysts predict that Toast, Inc. will post 0.39 earnings per share for the current 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.