Toast, Inc. (NYSE:TOST) Shares Sold by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd cut its stake in Toast, Inc. (NYSE:TOST) by 20.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,500 shares of the company’s stock after selling 1,900 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Toast were worth $273,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Geode Capital Management LLC increased its position in Toast by 2.3% during the third quarter. Geode Capital Management LLC now owns 6,865,934 shares of the company’s stock worth $193,992,000 after purchasing an additional 155,212 shares during the last quarter. MML Investors Services LLC lifted its holdings in Toast by 40.6% in the third quarter. MML Investors Services LLC now owns 228,313 shares of the company’s stock valued at $6,464,000 after acquiring an additional 65,957 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Toast by 5.6% in the fourth 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 period. Zacks Investment Management grew its position in Toast by 14.2% in the third quarter. Zacks Investment Management now owns 338,017 shares of the company’s stock worth $9,569,000 after acquiring an additional 42,100 shares during the period. Finally, Jupiter Asset Management Ltd. increased its stake in Toast by 134.3% during the fourth quarter. Jupiter Asset Management Ltd. now owns 392,853 shares of the company’s stock worth $14,319,000 after acquiring an additional 225,215 shares during the last quarter. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Toast Stock Down 1.2 %

Shares of Toast stock opened at $33.18 on Tuesday. Toast, Inc. has a 52-week low of $21.32 and a 52-week high of $44.12. The company has a 50 day moving average of $37.63 and a 200 day moving average of $35.60. The company has a market capitalization of $16.39 billion, a P/E ratio of -3,314.49, a P/E/G ratio of 2.16 and a beta of 1.99.

Toast (NYSE:TOST) last issued its 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). The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. Toast had a return on equity of 1.54% and a net margin of 0.40%. As a group, research analysts anticipate that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Activity

In other Toast news, President Stephen Fredette sold 1,068 shares of the stock in a transaction that occurred on 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 in the company, valued at $65,177,717.28. This represents a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Christopher P. Comparato sold 70,000 shares of the business’s stock in a transaction that occurred on 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 sale, the director now owns 164,796 shares of the company’s stock, valued at $5,884,865.16. This represents a 29.81 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 270,770 shares of company stock worth $9,409,211. 13.32% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Canaccord Genuity Group upped their price target on Toast from $43.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. The Goldman Sachs Group set a $40.00 target price on shares of Toast and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. BMO Capital Markets boosted their price target on shares of Toast from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Royal Bank of Canada increased their price objective on shares of Toast from $40.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 20th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $50.00 target price 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $40.48.

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.