Toast, Inc. (NYSE:TOST) Shares Purchased by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc increased its stake in shares of Toast, Inc. (NYSE:TOST) by 7.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 338,283 shares of the company’s stock after purchasing an additional 23,838 shares during the period. Ensign Peak Advisors Inc’s holdings in Toast were worth $12,330,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. raised its position in shares of Toast by 120.4% during the 4th quarter. Blue Trust Inc. now owns 692 shares of the company’s stock worth $25,000 after purchasing an additional 378 shares during the last quarter. Piscataqua Savings Bank purchased a new stake in Toast in the 4th quarter worth approximately $26,000. Stonebridge Financial Group LLC purchased a new stake in Toast in the 4th quarter worth approximately $34,000. SBI Securities Co. Ltd. purchased a new stake in Toast in the 4th quarter worth approximately $35,000. Finally, Wingate Wealth Advisors Inc. purchased a new stake in Toast in the 4th quarter worth approximately $40,000. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Toast

In other Toast news, Director Christopher P. Comparato sold 70,000 shares of the business’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $35.71, for a total value of $2,499,700.00. Following the transaction, the director now owns 164,796 shares in the company, valued at $5,884,865.16. The trade was a 29.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Deval L. Patrick sold 34,222 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $33.01, for a total transaction of $1,129,668.22. Following the completion of the transaction, the director now owns 13,260 shares in the company, valued at $437,712.60. This represents a 72.07% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 335,991 shares of company stock worth $11,614,520. 13.32% of the stock is currently owned by corporate insiders.

Toast Trading Up 11.5%

NYSE:TOST opened at $40.85 on Monday. The firm has a market capitalization of $20.32 billion, a price-to-earnings ratio of -4,080.92, a PEG ratio of 2.16 and a beta of 1.98. The firm’s fifty day simple moving average is $34.56 and its 200 day simple moving average is $36.91. Toast, Inc. has a twelve month low of $21.32 and a twelve month high of $44.12.

Toast (NYSE:TOST) last posted 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). 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%. On average, analysts predict that Toast, Inc. will post 0.39 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Toast from $36.00 to $42.00 and gave the stock a “neutral” rating in a research note 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. UBS Group lifted their target price on shares of Toast from $41.00 to $47.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. BNP Paribas set a $37.00 target price on shares of Toast and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 target price on shares of Toast in a research note on Thursday, February 20th. Thirteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Toast presently has an average rating of “Hold” and an average target price of $40.91.

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.