Toast, Inc. (NYSE:TOST) Stake Cut by Capital International Inc. CA

Capital International Inc. CA lessened its holdings in shares of Toast, Inc. (NYSE:TOST) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 717,823 shares of the company’s stock after selling 23,724 shares during the quarter. Capital International Inc. CA owned approximately 0.15% of Toast worth $26,165,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Blue Trust Inc. grew its position in Toast by 120.4% during the fourth 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 acquired a new position in shares of Toast in the fourth quarter worth $26,000. Stonebridge Financial Group LLC purchased a new stake in shares of Toast during the fourth quarter worth $34,000. SBI Securities Co. Ltd. acquired a new stake in Toast during the fourth quarter valued at $35,000. Finally, Wingate Wealth Advisors Inc. purchased a new position in Toast in the fourth quarter valued at about $40,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TOST shares. Wells Fargo & Company raised Toast from an “underweight” rating to an “overweight” rating and boosted their price target for the company from $30.00 to $39.00 in a research note on Thursday, April 10th. Robert W. Baird lifted their price objective on shares of Toast from $38.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Royal Bank of Canada increased their target price 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. Canaccord Genuity Group raised their target price on Toast from $43.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Finally, Keefe, Bruyette & Woods upped their price target on Toast from $40.00 to $42.00 and gave the stock a “market perform” rating in a research note on Thursday, February 20th. Thirteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $40.09.

Toast Trading Up 0.0 %

TOST stock opened at $34.30 on Friday. The firm has a market cap of $16.95 billion, a P/E ratio of -3,426.97, a P/E/G ratio of 2.16 and a beta of 2.00. Toast, Inc. has a 1-year low of $21.32 and a 1-year high of $44.12. The business’s 50 day moving average is $35.55 and its 200-day moving average is $36.04.

Toast (NYSE:TOST) last released its quarterly 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 during 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%. Sell-side analysts forecast that Toast, Inc. will post 0.39 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Elena Gomez sold 2,052 shares of Toast stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total transaction of $81,320.76. Following the completion of the sale, the chief financial officer now directly owns 160,498 shares of the company’s stock, valued at $6,360,535.74. The trade was a 1.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Stephen Fredette sold 1,068 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total value of $42,324.84. Following the transaction, the president now owns 1,644,656 shares in the company, valued at approximately $65,177,717.28. This trade represents a 0.06 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 340,770 shares of company stock valued at $11,803,911. 13.32% of the stock is currently owned by corporate insiders.

About Toast

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.