Toast, Inc. (NYSE:TOST) Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Toast, Inc. (NYSE:TOST) by 44.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 156,382 shares of the company’s stock after purchasing an additional 48,282 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Toast were worth $5,700,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Makena Capital Management LLC raised its holdings in shares of Toast by 7.6% in the 3rd quarter. Makena Capital Management LLC now owns 274,392 shares of the company’s stock worth $7,768,000 after purchasing an additional 19,371 shares in the last quarter. KBC Group NV lifted its position in shares of Toast by 66.5% during the 3rd quarter. KBC Group NV now owns 42,838 shares of the company’s stock valued at $1,213,000 after acquiring an additional 17,106 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Toast by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 6,865,934 shares of the company’s stock valued at $193,992,000 after acquiring an additional 155,212 shares during the last quarter. MML Investors Services LLC boosted its stake in shares of Toast by 40.6% during the 3rd quarter. MML Investors Services LLC now owns 228,313 shares of the company’s stock worth $6,464,000 after acquiring an additional 65,957 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew 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 worth $107,108,000 after acquiring an additional 155,446 shares during the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on TOST shares. The Goldman Sachs Group set a $40.00 price target on Toast and gave the company a “neutral” rating in a research report on Wednesday, February 19th. DA Davidson reissued a “neutral” rating and issued a $38.00 target price (down from $44.00) on shares of Toast in a research report on Thursday, December 5th. Royal Bank of Canada upped their price target on shares of Toast from $40.00 to $45.00 and gave the company a “sector perform” rating in a research report on Thursday, February 20th. BNP Paribas set a $37.00 price objective on shares of Toast and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Finally, Keefe, Bruyette & Woods increased their target price on Toast from $40.00 to $42.00 and gave the company a “market perform” rating in a 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 issued a buy rating to the company. According to data from MarketBeat.com, Toast currently has a consensus rating of “Hold” and a consensus target price of $40.48.

Toast Price Performance

NYSE TOST opened at $34.41 on Friday. Toast, Inc. has a fifty-two week low of $21.32 and a fifty-two week high of $44.12. The stock’s 50-day moving average is $38.05 and its two-hundred day moving average is $34.70. The firm has a market cap of $17.00 billion, a P/E ratio of -3,437.06, a price-to-earnings-growth ratio of 2.16 and a beta of 1.99.

Toast (NYSE:TOST) last posted 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). Toast had a return on equity of 1.54% and a net margin of 0.40%. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.32 billion. On average, equities analysts expect that Toast, Inc. will post 0.39 EPS for the current year.

Insider Buying and Selling

In other news, General Counsel Brian R. Elworthy sold 653 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $8,290,833.78. This represents a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christopher P. Comparato sold 145,000 shares of the company’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $36.04, for a total transaction of $5,225,800.00. Following the transaction, the director now owns 182,451 shares of the company’s stock, valued at approximately $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. In the last three months, insiders sold 254,641 shares of company stock valued at $8,937,776. 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.