121,619 Shares in Toast, Inc. (NYSE:TOST) Acquired by Thames Capital Management LLC

Thames Capital Management LLC bought a new position in Toast, Inc. (NYSE:TOST) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 121,619 shares of the company’s stock, valued at approximately $4,433,000.

Other large investors have also recently bought and sold shares of the company. Blue Trust Inc. grew its stake in Toast by 120.4% in the 4th quarter. Blue Trust Inc. now owns 692 shares of the company’s stock worth $25,000 after buying an additional 378 shares in the last quarter. Piscataqua Savings Bank bought a new stake in shares of Toast during the 4th quarter worth $26,000. Stonebridge Financial Group LLC bought a new position in Toast in the fourth quarter valued at $34,000. SBI Securities Co. Ltd. purchased a new stake in Toast during the fourth quarter valued at about $35,000. Finally, Wingate Wealth Advisors Inc. bought a new stake in Toast during the fourth quarter worth about $40,000. 82.91% of the stock is owned by institutional investors.

Insider Activity

In other news, President Stephen Fredette sold 1,068 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total transaction of $42,324.84. Following the completion of the transaction, the president now directly owns 1,644,656 shares in the company, valued at $65,177,717.28. This trade represents a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 stock was sold at an average price of $39.63, for a total value of $25,878.39. Following the completion of the transaction, the general counsel now directly owns 209,206 shares of the company’s stock, valued at approximately $8,290,833.78. This represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 270,770 shares of company stock worth $9,409,211. Insiders own 13.32% of the company’s stock.

Toast Stock Down 6.4 %

Shares of TOST stock opened at $30.58 on Friday. The business’s fifty day moving average is $37.16 and its 200 day moving average is $35.67. The stock has a market cap of $15.10 billion, a price-to-earnings ratio of -3,054.55, a PEG ratio of 2.16 and a beta of 2.00. Toast, Inc. has a twelve month low of $21.32 and a twelve month high of $44.12.

Toast (NYSE:TOST) last released its earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Toast had a return on equity of 1.54% and a net margin of 0.40%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Equities research analysts expect that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TOST shares. Royal Bank of Canada raised their price objective on Toast from $40.00 to $45.00 and gave the company a “sector perform” rating in a report on Thursday, February 20th. UBS Group lifted their price objective on Toast from $41.00 to $47.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. 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. Robert W. Baird raised their target price on shares of Toast from $38.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Finally, Morgan Stanley upped their price target on shares of Toast from $46.00 to $50.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Toast has an average rating of “Hold” and an average target price of $40.38.

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.