Qtron Investments LLC Invests $447,000 in Toast, Inc. (NYSE:TOST)

Qtron Investments LLC acquired a new stake in Toast, Inc. (NYSE:TOST) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 12,273 shares of the company’s stock, valued at approximately $447,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Blue Trust Inc. increased its holdings in shares of Toast by 120.4% in the 4th quarter. Blue Trust Inc. now owns 692 shares of the company’s stock valued at $25,000 after acquiring an additional 378 shares during the period. Piscataqua Savings Bank purchased a new position in Toast in the fourth quarter valued at about $26,000. Stonebridge Financial Group LLC bought a new position in Toast in the fourth quarter worth about $34,000. SBI Securities Co. Ltd. purchased a new stake in shares of Toast during the fourth quarter valued at about $35,000. Finally, Wingate Wealth Advisors Inc. bought a new stake in shares of Toast in the 4th quarter valued at about $40,000. 82.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the stock. UBS Group boosted 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. The Goldman Sachs Group decreased their price objective on Toast from $43.00 to $38.00 and set a “neutral” rating for the company in a report on Wednesday, April 2nd. Needham & Company LLC reissued a “buy” rating and issued a $50.00 price objective on shares of Toast in a research report on Thursday, February 20th. Keefe, Bruyette & Woods upped their target price on Toast from $40.00 to $42.00 and gave the company a “market perform” rating in a research report on Thursday, February 20th. Finally, Royal Bank of Canada raised their price target on Toast from $40.00 to $45.00 and gave the stock a “sector perform” rating in a report on Thursday, February 20th. Thirteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $40.27.

Insider Transactions at Toast

In other Toast news, General Counsel Brian R. Elworthy sold 653 shares of the company’s stock in a transaction 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 completion of the transaction, the general counsel now directly owns 209,206 shares in the company, valued at approximately $8,290,833.78. This represents a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Christopher P. Comparato sold 70,000 shares of Toast stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $35.71, for a total transaction of $2,499,700.00. Following the completion of the sale, the director now owns 164,796 shares in the company, valued at approximately $5,884,865.16. This trade represents a 29.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 270,770 shares of company stock valued at $9,409,211 in the last ninety days. 13.32% of the stock is currently owned by corporate insiders.

Toast Trading Up 2.1 %

Shares of NYSE:TOST opened at $34.08 on Monday. Toast, Inc. has a 12-month low of $21.32 and a 12-month high of $44.12. The business has a 50 day moving average of $36.10 and a two-hundred day moving average of $35.97. The company has a market capitalization of $16.83 billion, a PE ratio of -3,404.30, a PEG ratio of 2.16 and a beta of 2.00.

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

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.