Rhumbline Advisers Buys 4,084 Shares of Toast, Inc. (NYSE:TOST)

Rhumbline Advisers lifted its stake in shares of Toast, Inc. (NYSE:TOST) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 582,626 shares of the company’s stock after acquiring an additional 4,084 shares during the quarter. Rhumbline Advisers owned approximately 0.12% of Toast worth $21,237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in TOST. Blue Trust Inc. raised its position in shares of Toast by 120.4% during the fourth quarter. Blue Trust Inc. now owns 692 shares of the company’s stock worth $25,000 after acquiring an additional 378 shares during the last quarter. Piscataqua Savings Bank bought a new stake in Toast in the fourth quarter worth approximately $26,000. Stonebridge Financial Group LLC bought a new stake in Toast in the fourth quarter worth approximately $34,000. Wingate Wealth Advisors Inc. bought a new stake in Toast in the fourth quarter worth approximately $40,000. Finally, Raleigh Capital Management Inc. increased its holdings in Toast by 93.4% in the third quarter. Raleigh Capital Management Inc. now owns 1,491 shares of the company’s stock worth $42,000 after purchasing an additional 720 shares in the last quarter. 82.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TOST shares. Wedbush lifted their target price on Toast from $35.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 target price on shares of Toast in a report on Thursday. Robert W. Baird lifted their target price on Toast from $38.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday. Keefe, Bruyette & Woods raised their price objective on Toast from $40.00 to $42.00 and gave the company a “market perform” rating in a research note on Thursday. Finally, Wells Fargo & Company raised their price objective on Toast from $25.00 to $30.00 and gave the company an “underweight” rating in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $40.23.

Toast Trading Up 1.2 %

TOST stock opened at $40.45 on Friday. The stock’s fifty day simple moving average is $38.60 and its two-hundred day simple moving average is $33.35. Toast, Inc. has a 1-year low of $20.49 and a 1-year high of $44.12. The stock has a market cap of $19.05 billion, a P/E ratio of -311.12, a P/E/G ratio of 2.27 and a beta of 1.98.

Toast (NYSE:TOST) last posted its quarterly earnings data 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 negative return on equity of 3.84% and a negative net margin of 1.05%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.32 billion. As a group, analysts forecast that Toast, Inc. will post 0.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Toast news, President Stephen Fredette sold 1,068 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total value of $42,324.84. Following the sale, the president now directly owns 1,644,656 shares in the company, valued at $65,177,717.28. The trade was a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Elena Gomez sold 2,052 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total value of $81,320.76. Following the completion of the sale, the chief financial officer now owns 160,498 shares in the company, valued at approximately $6,360,535.74. The trade was a 1.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 339,564 shares of company stock valued at $13,577,845. Insiders own 13.32% of the company’s stock.

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.