Thames Capital Management LLC Takes $4.43 Million Position in Toast, Inc. (NYSE:TOST)

Thames Capital Management LLC acquired a new stake in shares of Toast, Inc. (NYSE:TOST) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 121,619 shares of the company’s stock, valued at approximately $4,433,000.

Several other large investors also recently bought and sold shares of the business. ValueAct Holdings L.P. purchased a new stake in shares of Toast during the 3rd quarter valued at about $438,301,000. Arrowstreet Capital Limited Partnership bought a new position in Toast during the fourth quarter valued at approximately $282,010,000. Norges Bank purchased a new stake in Toast in the fourth quarter worth approximately $205,888,000. Vanguard Group Inc. grew its position in Toast by 10.8% in the 4th quarter. Vanguard Group Inc. now owns 42,474,232 shares of the company’s stock worth $1,548,186,000 after purchasing an additional 4,147,430 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in Toast by 129,058.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,074,286 shares of the company’s stock valued at $75,466,000 after buying an additional 2,072,680 shares during the last quarter. 82.91% of the stock is currently owned by institutional investors.

Insider Transactions at Toast

In other Toast news, General Counsel Brian R. Elworthy sold 653 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total transaction of $25,878.39. Following the completion of the transaction, the general counsel now owns 209,206 shares in the company, valued at $8,290,833.78. This trade represents a 0.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, President Stephen Fredette sold 1,068 shares of the company’s stock in a transaction that occurred 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. This trade represents a 0.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 270,770 shares of company stock valued at $9,409,211. 13.32% of the stock is currently owned by corporate insiders.

Toast Stock Down 6.4 %

Shares of Toast stock opened at $30.58 on Friday. The company has a market capitalization 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. The stock’s 50-day simple moving average is $37.16 and its 200-day simple moving average is $35.67. Toast, Inc. has a 52 week low of $21.32 and a 52 week high of $44.12.

Toast (NYSE:TOST) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 EPS 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. On average, equities analysts expect that Toast, Inc. will post 0.39 earnings per share for the current year.

Analyst Ratings Changes

TOST has been the topic of a number of research reports. BMO Capital Markets raised their price target on Toast from $46.00 to $48.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. The Goldman Sachs Group dropped their target price on Toast from $43.00 to $38.00 and set a “neutral” rating on the stock in a research report on Wednesday. Robert W. Baird boosted their price target on Toast from $38.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 price objective on shares of Toast in a research note on Thursday, February 20th. Finally, UBS Group boosted their target price on shares of Toast from $41.00 to $47.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Toast has a consensus rating of “Hold” and a consensus price target of $40.38.

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.