BI Asset Management Fondsmaeglerselskab A S Acquires 97,453 Shares of Toast, Inc. (NYSE:TOST)

BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of Toast, Inc. (NYSE:TOST) by 1,527.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 103,832 shares of the company’s stock after acquiring an additional 97,453 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Toast were worth $3,785,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Blue Trust Inc. increased its holdings 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 buying an additional 378 shares during the last quarter. Piscataqua Savings Bank purchased a new stake in shares of Toast in the 4th quarter worth $26,000. Stonebridge Financial Group LLC bought a new position in Toast in the 4th quarter worth $34,000. SBI Securities Co. Ltd. purchased a new position in Toast during the fourth quarter valued at $35,000. Finally, Wingate Wealth Advisors Inc. purchased a new stake in Toast in the fourth quarter worth about $40,000. 82.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. BNP Paribas set a $37.00 price objective on Toast and gave the company a “neutral” rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. lifted their price target on shares of Toast from $36.00 to $42.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. Royal Bank of Canada increased their price objective on shares of Toast from $40.00 to $45.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 20th. Robert W. Baird lifted their target price 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. Finally, BMO Capital Markets increased their price target on Toast from $46.00 to $48.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Thirteen analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Toast presently has a consensus rating of “Hold” and a consensus price target of $40.09.

Insider Transactions at Toast

In other Toast news, Director Christopher P. Comparato sold 70,000 shares of the stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $34.21, for a total value of $2,394,700.00. Following the sale, the director now owns 179,316 shares in the company, valued at $6,134,400.36. This trade represents a 28.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Brian R. Elworthy sold 653 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total transaction of $25,878.39. Following the completion of the transaction, the general counsel now owns 209,206 shares in the company, valued at approximately $8,290,833.78. The trade was a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 340,770 shares of company stock worth $11,803,911. 13.32% of the stock is currently owned by insiders.

Toast Trading Up 0.0 %

Shares of NYSE:TOST opened at $34.30 on Monday. The company has a 50-day moving average price of $35.43 and a 200 day moving average price of $36.20. Toast, Inc. has a 12 month low of $21.32 and a 12 month high of $44.12. The company has a market cap of $16.95 billion, a price-to-earnings ratio of -3,426.97, a PEG ratio of 2.16 and a beta of 2.00.

Toast (NYSE:TOST) last released its earnings results 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 company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. As a group, equities analysts forecast that Toast, Inc. will post 0.39 EPS 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.