12,971 Shares in Toast, Inc. (NYSE:TOST) Acquired by AssuredPartners Investment Advisors LLC

AssuredPartners Investment Advisors LLC acquired a new position in shares of Toast, Inc. (NYSE:TOST) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 12,971 shares of the company’s stock, valued at approximately $473,000.

A number of other institutional investors also recently bought and sold shares of TOST. ValueAct Holdings L.P. purchased a new position in shares of Toast during the 3rd quarter worth approximately $438,301,000. FMR LLC increased its position 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 in the last quarter. Vanguard Group Inc. raised its holdings in shares of Toast by 10.8% in the fourth quarter. Vanguard Group Inc. now owns 42,474,232 shares of the company’s stock worth $1,548,186,000 after acquiring an additional 4,147,430 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Toast by 129,058.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,074,286 shares of the company’s stock valued at $75,466,000 after acquiring an additional 2,072,680 shares in the last quarter. Finally, Perpetual Ltd purchased a new stake in Toast during the 4th quarter worth about $60,878,000. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TOST has been the topic of a number of recent research reports. Robert W. Baird upped their target price on shares of Toast from $38.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. Wells Fargo & Company raised their target price on shares of Toast from $25.00 to $30.00 and gave the stock an “underweight” rating in a research report on Thursday, January 16th. DA Davidson reaffirmed a “neutral” rating and issued a $38.00 target price (down from $44.00) on shares of Toast in a research note on Thursday, December 5th. Keefe, Bruyette & Woods raised their price objective on Toast from $40.00 to $42.00 and gave the stock a “market perform” rating in a report on Thursday, February 20th. Finally, BMO Capital Markets lifted their price objective on Toast from $46.00 to $48.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Toast has a consensus rating of “Hold” and an average target price of $40.48.

Toast Price Performance

NYSE:TOST opened at $35.36 on Friday. The firm has a 50-day moving average of $37.80 and a two-hundred day moving average of $35.33. The stock has a market cap of $17.47 billion, a P/E ratio of -3,532.27, a PEG ratio of 2.16 and a beta of 1.99. Toast, Inc. has a 1-year low of $21.32 and a 1-year high of $44.12.

Toast (NYSE:TOST) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 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 business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.32 billion. As a group, equities analysts expect that Toast, Inc. will post 0.39 earnings per share for the current year.

Insider Transactions at Toast

In other Toast news, President Stephen Fredette sold 1,068 shares of the stock in a transaction on 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. This represents a 0.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Christopher P. Comparato sold 70,000 shares of the business’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $35.71, for a total transaction of $2,499,700.00. Following the completion of the sale, the director now directly owns 164,796 shares of the company’s stock, valued at $5,884,865.16. The trade was a 29.81 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 270,770 shares of company stock valued at $9,409,211. 13.32% of the stock is currently owned by corporate insiders.

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.