16,848 Shares in Toast, Inc. (NYSE:TOST) Bought by Aware Super Pty Ltd as trustee of Aware Super

Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in shares of Toast, Inc. (NYSE:TOST) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 16,848 shares of the company’s stock, valued at approximately $614,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Toast by 0.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 38,632 shares of the company’s stock valued at $1,408,000 after buying an additional 301 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Toast by 11.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,435 shares of the company’s stock valued at $125,000 after acquiring an additional 358 shares in the last quarter. Mirador Capital Partners LP grew its holdings in Toast by 0.9% in the fourth quarter. Mirador Capital Partners LP now owns 41,938 shares of the company’s stock worth $1,529,000 after purchasing an additional 360 shares during the last quarter. Blue Trust Inc. increased its position in shares of Toast by 120.4% during the fourth quarter. Blue Trust Inc. now owns 692 shares of the company’s stock worth $25,000 after purchasing an additional 378 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Toast by 19.8% during the 4th quarter. Farther Finance Advisors LLC now owns 2,435 shares of the company’s stock valued at $89,000 after purchasing an additional 402 shares during the last quarter. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Toast Stock Performance

TOST stock opened at $34.85 on Wednesday. Toast, Inc. has a one year low of $21.32 and a one year high of $44.12. The firm’s fifty day moving average is $35.97 and its 200 day moving average is $36.02. The firm has a market cap of $17.22 billion, a PE ratio of -3,481.82, a P/E/G ratio of 2.16 and a beta of 2.00.

Toast (NYSE:TOST) last posted 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 business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. Toast had a net margin of 0.40% and a return on equity of 1.54%. Research analysts predict that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Activity

In other news, President Stephen Fredette sold 70,340 shares of Toast stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $33.87, for a total value of $2,382,415.80. Following the sale, the president now owns 1,574,316 shares in the company, valued at $53,322,082.92. This trade represents a 4.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Christopher P. Comparato sold 70,000 shares of the firm’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $35.71, for a total transaction of $2,499,700.00. Following the completion of the transaction, the director now directly owns 164,796 shares in the company, valued at $5,884,865.16. This represents a 29.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 270,770 shares of company stock worth $9,409,211 over the last three months. 13.32% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. BNP Paribas set a $37.00 target price on Toast and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Canaccord Genuity Group upped their price objective on shares of Toast from $43.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, February 20th. BMO Capital Markets lifted their target price on shares of Toast from $46.00 to $48.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. The Goldman Sachs Group dropped their target price on shares of Toast from $43.00 to $38.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $50.00 price objective on shares of Toast in a research note on Thursday, February 20th. Thirteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $40.27.

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.