192,600 Shares in Toast, Inc. (NYSE:TOST) Acquired by Atika Capital Management LLC

Atika Capital Management LLC acquired a new stake in Toast, Inc. (NYSE:TOST) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 192,600 shares of the company’s stock, valued at approximately $7,020,000.

A number of other hedge funds also recently made changes to their positions in TOST. Blue Trust Inc. grew its holdings in Toast by 120.4% during the 4th quarter. Blue Trust Inc. now owns 692 shares of the company’s stock valued at $25,000 after purchasing an additional 378 shares in the last quarter. Piscataqua Savings Bank purchased a new position in Toast in the 4th quarter valued at about $26,000. Stonebridge Financial Group LLC acquired a new stake in shares of Toast during the fourth quarter valued at about $34,000. SBI Securities Co. Ltd. purchased a new stake in shares of Toast during the fourth quarter worth about $35,000. Finally, Wingate Wealth Advisors Inc. acquired a new position in shares of Toast in the fourth quarter worth about $40,000. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Insider Activity

In related news, President Stephen Fredette sold 1,068 shares of Toast stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total transaction of $42,324.84. Following the sale, the president now directly owns 1,644,656 shares in the company, valued at $65,177,717.28. The trade was a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christopher P. Comparato sold 70,000 shares of the company’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 90 days, insiders have sold 270,770 shares of company stock valued at $9,409,211. Insiders own 13.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Royal Bank of Canada raised their price objective on Toast from $40.00 to $45.00 and gave the company a “sector perform” rating in a research note on Thursday, February 20th. The Goldman Sachs Group dropped their price target on shares of Toast from $43.00 to $38.00 and set a “neutral” rating for the company in a research note on Wednesday. Wells Fargo & Company increased their price objective on shares of Toast from $25.00 to $30.00 and gave the company an “underweight” rating in a research note on Thursday, January 16th. Keefe, Bruyette & Woods raised their price objective 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, Morgan Stanley increased their price target on shares of Toast from $46.00 to $50.00 and gave the stock an “overweight” rating in a research 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, Toast presently has a consensus rating of “Hold” and a consensus target price of $40.38.

Toast Price Performance

Shares of NYSE TOST opened at $30.58 on Friday. Toast, Inc. has a 1-year low of $21.32 and a 1-year high of $44.12. The firm has a market capitalization of $15.10 billion, a PE ratio of -3,054.55, a P/E/G ratio of 2.16 and a beta of 2.00. The business’s fifty day moving average price is $37.16 and its two-hundred day moving average price is $35.67.

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

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.