Blair William & Co. IL Has $58.05 Million Holdings in Toast, Inc. (NYSE:TOST)

Blair William & Co. IL reduced its stake in Toast, Inc. (NYSE:TOST) by 3.3% during the 4th quarter, HoldingsChannel reports. The fund owned 1,592,451 shares of the company’s stock after selling 53,557 shares during the quarter. Blair William & Co. IL’s holdings in Toast were worth $58,045,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TOST. AssuredPartners Investment Advisors LLC acquired a new position in Toast during the 4th quarter worth approximately $473,000. Elo Mutual Pension Insurance Co lifted its position in shares of Toast by 20.8% in the fourth quarter. Elo Mutual Pension Insurance Co now owns 38,893 shares of the company’s stock worth $1,418,000 after purchasing an additional 6,702 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Toast by 20.9% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 361,512 shares of the company’s stock worth $13,593,000 after purchasing an additional 62,421 shares during the last quarter. Korea Investment CORP grew its position in Toast by 2,350.0% in the fourth quarter. Korea Investment CORP now owns 236,868 shares of the company’s stock valued at $8,634,000 after purchasing an additional 227,200 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its stake in Toast by 15.1% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 185,105 shares of the company’s stock valued at $6,747,000 after buying an additional 24,258 shares during the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Oppenheimer assumed coverage on Toast in a report on Friday, January 24th. They issued an “outperform” rating and a $46.00 price objective for the company. JPMorgan Chase & Co. boosted their price target on Toast from $36.00 to $42.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. Wells Fargo & Company increased their price objective on Toast from $25.00 to $30.00 and gave the company an “underweight” rating in a report on Thursday, January 16th. Keefe, Bruyette & Woods boosted their target price on shares of Toast from $40.00 to $42.00 and gave the stock a “market perform” rating in a report on Thursday, February 20th. Finally, Canaccord Genuity Group increased their price target on shares of Toast from $43.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $40.48.

Toast Price Performance

TOST opened at $35.36 on Friday. The company has a market capitalization of $17.47 billion, a PE ratio of -3,532.27, a price-to-earnings-growth ratio of 2.16 and a beta of 1.99. The business has a fifty day simple moving average of $37.80 and a 200 day simple moving average of $35.33. Toast, Inc. has a 1 year low of $21.32 and a 1 year high of $44.12.

Toast (NYSE:TOST) last announced 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). 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 the consensus estimate of $1.32 billion. Equities analysts anticipate that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Toast news, President Stephen Fredette sold 1,068 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total value 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 trade represents a 0.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Deval L. Patrick sold 34,222 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $33.01, for a total transaction of $1,129,668.22. Following the completion of the transaction, the director now owns 13,260 shares of the company’s stock, valued at $437,712.60. The trade was a 72.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 270,770 shares of company stock worth $9,409,211 in the last quarter. Corporate insiders own 13.32% of the company’s stock.

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.