Jupiter Asset Management Ltd. Has $14.32 Million Stock Position in Toast, Inc. (NYSE:TOST)

Jupiter Asset Management Ltd. raised its position in Toast, Inc. (NYSE:TOST) by 134.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 392,853 shares of the company’s stock after acquiring an additional 225,215 shares during the period. Jupiter Asset Management Ltd.’s holdings in Toast were worth $14,319,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in TOST. Blue Trust Inc. raised its holdings in Toast by 120.4% in the 4th quarter. Blue Trust Inc. now owns 692 shares of the company’s stock valued at $25,000 after acquiring an additional 378 shares in the last quarter. Piscataqua Savings Bank acquired a new position in Toast in the 4th quarter valued at approximately $26,000. Stonebridge Financial Group LLC acquired a new position in Toast in the 4th quarter valued at approximately $34,000. SBI Securities Co. Ltd. acquired a new position in Toast in the 4th quarter valued at approximately $35,000. Finally, Wingate Wealth Advisors Inc. acquired a new position in Toast in the 4th quarter valued at approximately $40,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Insider Buying and Selling

In other Toast news, President Stephen Fredette sold 70,340 shares of Toast stock in a transaction dated Friday, March 7th. The stock was 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 of the company’s stock, valued at $53,322,082.92. This trade represents a 4.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Brian R. Elworthy sold 653 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 value of $25,878.39. Following the completion of the sale, the general counsel now directly owns 209,206 shares in the company, valued at $8,290,833.78. This represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 220,119 shares of company stock valued at $7,797,608. 13.32% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Royal Bank of Canada upped their price target on Toast from $40.00 to $45.00 and gave the company a “sector perform” rating in a report on Thursday, February 20th. Keefe, Bruyette & Woods increased their target price on Toast from $40.00 to $42.00 and gave the stock a “market perform” rating in a report on Thursday, February 20th. DA Davidson reissued a “neutral” rating and issued a $38.00 target price (down from $44.00) on shares of Toast in a report on Thursday, December 5th. The Goldman Sachs Group set a $40.00 target price on Toast and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Finally, BMO Capital Markets increased their target price on Toast from $46.00 to $48.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $40.48.

Toast Stock Up 3.7 %

NYSE:TOST opened at $34.67 on Thursday. The firm has a market capitalization of $17.13 billion, a P/E ratio of -3,463.74, a P/E/G ratio of 2.16 and a beta of 1.99. Toast, Inc. has a 12-month low of $21.32 and a 12-month high of $44.12. The stock’s fifty day simple moving average is $38.23 and its 200-day simple moving average is $34.57.

Toast (NYSE:TOST) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.05 EPS for the quarter, missing the consensus estimate 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 return on equity of 1.54% and a net margin of 0.40%. As a group, equities research analysts expect that Toast, Inc. will post 0.39 earnings per share for the current 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.