71,344 Shares in Toast, Inc. (NYSE:TOST) Acquired by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP purchased a new stake in shares of Toast, Inc. (NYSE:TOST) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 71,344 shares of the company’s stock, valued at approximately $2,600,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of TOST. Bryce Point Capital LLC purchased a new stake in shares of Toast during the 4th quarter valued at about $545,000. Geode Capital Management LLC raised its position in Toast by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 7,061,739 shares of the company’s stock worth $256,970,000 after acquiring an additional 195,805 shares during the period. National Bank of Canada FI bought a new stake in shares of Toast during the 4th quarter valued at $2,569,000. Franklin Resources Inc. purchased a new stake in shares of Toast in the 4th quarter worth $34,965,000. Finally, Seven Mile Advisory lifted its position in Toast by 40.4% during the fourth quarter. Seven Mile Advisory now owns 11,014 shares of the company’s stock valued at $401,000 after purchasing an additional 3,172 shares in the last quarter. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Toast Price Performance

Shares of NYSE TOST opened at $30.69 on Tuesday. The stock has a market capitalization of $15.16 billion, a P/E ratio of -3,065.43, a PEG ratio of 2.16 and a beta of 2.00. Toast, Inc. has a 1-year low of $21.32 and a 1-year high of $44.12. The business’s 50 day moving average is $37.01 and its two-hundred day moving average is $35.82.

Toast (NYSE:TOST) last released its earnings results 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). The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. Toast had a net margin of 0.40% and a return on equity of 1.54%. As a group, equities research analysts anticipate that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Activity

In other Toast news, CRO Jonathan Vassil sold 1,006 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total value of $39,867.78. Following the sale, the executive now owns 48,488 shares in the company, valued at $1,921,579.44. This trade represents a 2.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Brian R. Elworthy sold 653 shares of Toast stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total value of $25,878.39. Following the sale, the general counsel now owns 209,206 shares of the company’s stock, valued at approximately $8,290,833.78. This trade represents a 0.31 % 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 company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TOST. JPMorgan Chase & Co. upped their price target on Toast from $36.00 to $42.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. The Goldman Sachs Group decreased their target price on shares of Toast from $43.00 to $38.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 2nd. Robert W. Baird lifted their price target on shares of Toast from $38.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. UBS Group increased their price objective on shares of Toast from $41.00 to $47.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. Finally, Needham & Company LLC restated a “buy” rating and set a $50.00 target price on shares of Toast in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average 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.