Stephens Investment Management Group LLC Purchases 128,547 Shares of Toast, Inc. (NYSE:TOST)

Stephens Investment Management Group LLC boosted its holdings in shares of Toast, Inc. (NYSE:TOST) by 6.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,013,318 shares of the company’s stock after purchasing an additional 128,547 shares during the period. Stephens Investment Management Group LLC’s holdings in Toast were worth $73,385,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TOST. FMR LLC raised its position in shares of Toast by 50.5% during the third quarter. FMR LLC now owns 24,449,743 shares of the company’s stock worth $692,172,000 after purchasing an additional 8,205,053 shares during the period. ValueAct Holdings L.P. bought a new stake in Toast during the 3rd quarter worth approximately $438,301,000. State Street Corp raised its holdings in Toast by 2.5% during the 3rd quarter. State Street Corp now owns 8,325,292 shares of the company’s stock worth $235,689,000 after buying an additional 206,789 shares during the period. Geode Capital Management LLC lifted its stake in Toast by 2.3% in the third quarter. Geode Capital Management LLC now owns 6,865,934 shares of the company’s stock valued at $193,992,000 after buying an additional 155,212 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Toast by 2,889.8% in the third quarter. Assenagon Asset Management S.A. now owns 3,829,995 shares of the company’s stock valued at $108,427,000 after buying an additional 3,701,893 shares during the period. 82.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Toast

In other Toast news, Director David Yuan sold 189,785 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $43.01, for a total value of $8,162,652.85. Following the transaction, the director now directly owns 198,829 shares of the company’s stock, valued at $8,551,635.29. This represents a 48.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Richard Kent Bennett sold 100,000 shares of Toast stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $36.67, for a total value of $3,667,000.00. Following the sale, the director now directly owns 418,591 shares of the company’s stock, valued at $15,349,731.97. This represents a 19.28 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 462,449 shares of company stock worth $18,205,099. Insiders own 13.32% of the company’s stock.

Toast Price Performance

TOST stock opened at $41.21 on Friday. Toast, Inc. has a 1-year low of $18.47 and a 1-year high of $44.12. The business’s 50 day simple moving average is $38.39 and its 200 day simple moving average is $32.41.

Toast (NYSE:TOST) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.01 by $0.06. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. Toast had a negative net margin of 1.05% and a negative return on equity of 3.84%. During the same period in the previous year, the company earned ($0.09) earnings per share. As a group, analysts anticipate that Toast, Inc. will post 0.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on TOST shares. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Toast from $24.00 to $30.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Wells Fargo & Company lifted their price target on Toast from $25.00 to $30.00 and gave the company an “underweight” rating in a research note on Thursday, January 16th. JPMorgan Chase & Co. upped their price objective on Toast from $28.00 to $36.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Keefe, Bruyette & Woods increased their price objective on Toast from $29.00 to $40.00 and gave the stock a “market perform” rating in a report on Monday, December 9th. Finally, Piper Sandler boosted their target price on Toast from $25.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $36.09.

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.