Quantbot Technologies LP Buys 94,382 Shares of Toast, Inc. (NYSE:TOST)

Quantbot Technologies LP lifted its stake in Toast, Inc. (NYSE:TOST) by 4,351.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 96,551 shares of the company’s stock after buying an additional 94,382 shares during the period. Quantbot Technologies LP’s holdings in Toast were worth $3,519,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of TOST. FMR LLC raised 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 acquiring an additional 8,205,053 shares in the last quarter. ValueAct Holdings L.P. acquired a new stake in shares of Toast during the 3rd quarter worth about $438,301,000. State Street Corp lifted its holdings in Toast by 2.5% during the 3rd quarter. State Street Corp now owns 8,325,292 shares of the company’s stock valued at $235,689,000 after purchasing an additional 206,789 shares during the last quarter. Geode Capital Management LLC boosted its position in Toast by 2.3% in the third quarter. Geode Capital Management LLC now owns 6,865,934 shares of the company’s stock valued at $193,992,000 after buying an additional 155,212 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Toast by 5.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,938,487 shares of the company’s stock worth $107,108,000 after buying an additional 155,446 shares during the last quarter. Institutional investors own 82.91% of the company’s stock.

Insider Buying and Selling

In other Toast news, Director Deval L. Patrick sold 34,222 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $33.01, for a total value of $1,129,668.22. Following the sale, the director now owns 13,260 shares in the company, valued at approximately $437,712.60. The trade was a 72.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Stephen Fredette sold 1,068 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was 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 of the company’s stock, valued at $65,177,717.28. This represents a 0.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 270,770 shares of company stock valued at $9,409,211. Company insiders own 13.32% of the company’s stock.

Toast Price Performance

Shares of Toast stock opened at $35.20 on Friday. The company has a market capitalization of $17.39 billion, a P/E ratio of -3,516.78, a price-to-earnings-growth ratio of 2.16 and a beta of 1.99. The business has a 50-day moving average of $37.82 and a two-hundred day moving average of $34.99. Toast, Inc. has a 1 year low of $21.32 and a 1 year high of $44.12.

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

Analyst Ratings Changes

A number of research firms have recently issued reports on TOST. UBS Group lifted their target price on shares of Toast from $41.00 to $47.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. The Goldman Sachs Group set a $40.00 price objective on Toast and gave the company a “neutral” rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. increased their target price on Toast from $36.00 to $42.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Wells Fargo & Company lifted their price target on Toast from $25.00 to $30.00 and gave the company an “underweight” rating in a report on Thursday, January 16th. Finally, Oppenheimer started coverage on shares of Toast in a report on Friday, January 24th. They set an “outperform” rating and a $46.00 price objective on the stock. One research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $40.48.

Toast Company 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.