SBI Securities Co. Ltd. Buys New Shares in Toast, Inc. (NYSE:TOST)

SBI Securities Co. Ltd. bought a new stake in Toast, Inc. (NYSE:TOST) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 973 shares of the company’s stock, valued at approximately $35,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Makena Capital Management LLC raised its holdings in shares of Toast by 7.6% during the third quarter. Makena Capital Management LLC now owns 274,392 shares of the company’s stock valued at $7,768,000 after purchasing an additional 19,371 shares during the period. KBC Group NV raised its holdings in shares of Toast by 66.5% during the third quarter. KBC Group NV now owns 42,838 shares of the company’s stock valued at $1,213,000 after purchasing an additional 17,106 shares during the period. Geode Capital Management LLC raised its holdings in shares of Toast by 2.3% during the third quarter. Geode Capital Management LLC now owns 6,865,934 shares of the company’s stock valued at $193,992,000 after purchasing an additional 155,212 shares during the period. MML Investors Services LLC raised its holdings in shares of Toast by 40.6% during the third quarter. MML Investors Services LLC now owns 228,313 shares of the company’s stock valued at $6,464,000 after purchasing an additional 65,957 shares during the period. Finally, Qsemble Capital Management LP raised its holdings in shares of Toast by 52.1% during the third quarter. Qsemble Capital Management LP now owns 67,796 shares of the company’s stock valued at $1,919,000 after purchasing an additional 23,231 shares during the period. Institutional investors and hedge funds own 82.91% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. BNP Paribas set a $37.00 price objective on shares of Toast and gave the company a “neutral” rating in a report on Wednesday, February 19th. The Goldman Sachs Group set a $40.00 price objective on shares of Toast and gave the company a “neutral” rating in a report on Wednesday, February 19th. Needham & Company LLC reiterated a “buy” rating and set a $50.00 price objective on shares of Toast in a report on Thursday, February 20th. Morgan Stanley boosted their target price on shares of Toast from $46.00 to $50.00 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Toast from $40.00 to $42.00 and gave the stock a “market perform” rating in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $40.48.

Toast Stock Performance

Shares of TOST stock opened at $33.45 on Wednesday. Toast, Inc. has a 52-week low of $21.32 and a 52-week high of $44.12. The company has a 50-day simple moving average of $38.29 and a two-hundred day simple moving average of $34.51. The company has a market capitalization of $16.52 billion, a price-to-earnings ratio of -3,341.46, a PEG ratio of 2.16 and a beta of 1.99.

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 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. On average, sell-side analysts forecast that Toast, Inc. will post 0.39 EPS for the current fiscal year.

Insider Activity

In related news, Director Christopher P. Comparato sold 145,000 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $36.04, for a total transaction of $5,225,800.00. Following the sale, the director now directly owns 182,451 shares in the company, valued at approximately $6,575,534.04. This represents a 44.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Brian R. Elworthy sold 653 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total transaction of $25,878.39. Following the sale, the general counsel now owns 209,206 shares in the company, valued at $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. Insiders sold 220,119 shares of company stock valued at $7,797,608 in the last three months. Company insiders own 13.32% of the company’s stock.

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.