8,219 Shares in Toast, Inc. (NYSE:TOST) Purchased by Rakuten Securities Inc.

Rakuten Securities Inc. purchased a new position in Toast, Inc. (NYSE:TOST) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,219 shares of the company’s stock, valued at approximately $150,000.

Other institutional investors also recently bought and sold shares of the company. Sei Investments Co. increased its stake in shares of Toast by 105.0% during the third quarter. Sei Investments Co. now owns 691,018 shares of the company’s stock valued at $12,943,000 after purchasing an additional 353,903 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Toast by 11.1% during the third quarter. Vanguard Group Inc. now owns 35,079,123 shares of the company’s stock valued at $657,032,000 after purchasing an additional 3,494,579 shares in the last quarter. ARK Investment Management LLC increased its stake in shares of Toast by 101.5% during the fourth quarter. ARK Investment Management LLC now owns 2,345,520 shares of the company’s stock valued at $42,829,000 after purchasing an additional 1,181,409 shares in the last quarter. Riverbridge Partners LLC bought a new position in shares of Toast during the third quarter valued at approximately $24,647,000. Finally, Hudson Bay Capital Management LP bought a new position in shares of Toast during the third quarter valued at approximately $936,000. 82.91% of the stock is owned by institutional investors.

Toast Price Performance

Shares of Toast stock opened at $22.76 on Thursday. The company’s fifty day simple moving average is $22.96 and its 200-day simple moving average is $18.99. The stock has a market capitalization of $9.95 billion, a PE ratio of -44.63 and a beta of 1.79. Toast, Inc. has a 1-year low of $13.77 and a 1-year high of $27.00.

Toast (NYSE:TOST) last issued its quarterly earnings results on Thursday, February 15th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.04. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Toast had a negative net margin of 6.36% and a negative return on equity of 21.77%. The company’s revenue was up 34.7% compared to the same quarter last year. During the same quarter last year, the company posted ($0.19) EPS. As a group, research analysts anticipate that Toast, Inc. will post -0.22 EPS for the current year.

Insider Transactions at Toast

In other news, General Counsel Brian R. Elworthy sold 224,900 shares of Toast stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $18.37, for a total transaction of $4,131,413.00. Following the transaction, the general counsel now owns 160,340 shares in the company, valued at approximately $2,945,445.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, General Counsel Brian R. Elworthy sold 224,900 shares of Toast stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $18.37, for a total transaction of $4,131,413.00. Following the transaction, the general counsel now owns 160,340 shares in the company, valued at approximately $2,945,445.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider James Michael Matlock sold 1,205 shares of Toast stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $23.40, for a total transaction of $28,197.00. Following the transaction, the insider now owns 40,954 shares in the company, valued at approximately $958,323.60. The disclosure for this sale can be found here. Insiders have sold 414,486 shares of company stock worth $8,662,487 in the last 90 days. 13.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TOST shares. The Goldman Sachs Group raised their target price on shares of Toast from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Monday. Redburn Atlantic raised shares of Toast from a “neutral” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Wednesday, February 7th. Mizuho reissued a “neutral” rating and set a $17.00 price target on shares of Toast in a research report on Wednesday, March 27th. UBS Group raised their price target on shares of Toast from $22.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Finally, Robert W. Baird raised their price target on shares of Toast from $24.00 to $28.00 and gave the company an “outperform” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Toast has a consensus rating of “Hold” and a consensus price target of $24.32.

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.