Toast, Inc. (NYSE:TOST) Shares Bought by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC grew its position in Toast, Inc. (NYSE:TOST) by 77.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,596 shares of the company’s stock after buying an additional 19,063 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Toast were worth $1,589,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of TOST. Blue Trust Inc. grew its stake in shares of Toast by 120.4% in the fourth quarter. Blue Trust Inc. now owns 692 shares of the company’s stock valued at $25,000 after buying an additional 378 shares in the last quarter. Piscataqua Savings Bank acquired a new stake in shares of Toast in the fourth quarter valued at $26,000. Stonebridge Financial Group LLC acquired a new stake in shares of Toast in the fourth quarter valued at $34,000. SBI Securities Co. Ltd. acquired a new stake in shares of Toast in the fourth quarter valued at $35,000. Finally, Wingate Wealth Advisors Inc. acquired a new stake in shares of Toast in the fourth quarter valued at $40,000. 82.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Toast

In other news, Director Deval L. Patrick sold 34,222 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $33.01, for a total transaction of $1,129,668.22. Following the transaction, the director now directly owns 13,260 shares of the company’s stock, valued at $437,712.60. This represents a 72.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Stephen Fredette sold 1,068 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total transaction of $42,324.84. Following the transaction, the president now directly owns 1,644,656 shares in the company, valued at approximately $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. Insiders sold a total of 270,770 shares of company stock worth $9,409,211 in the last 90 days. 13.32% of the stock is owned by insiders.

Toast Price Performance

TOST stock opened at $35.20 on Friday. The company has a fifty day moving average price of $37.82 and a 200 day moving average price of $35.07. Toast, Inc. has a 12 month low of $21.32 and a 12 month high of $44.12. The company has a market cap of $17.39 billion, a price-to-earnings ratio of -3,516.78, a price-to-earnings-growth ratio of 2.16 and a beta of 1.99.

Toast (NYSE:TOST) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). Toast had a net margin of 0.40% and a return on equity of 1.54%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.32 billion. As a group, analysts anticipate that Toast, Inc. will post 0.39 earnings per share for the current year.

Analyst Ratings Changes

TOST has been the subject of a number of research reports. BNP Paribas set a $37.00 price objective on Toast and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Royal Bank of Canada lifted their target price on Toast from $40.00 to $45.00 and gave the company a “sector perform” rating in a report on Thursday, February 20th. Oppenheimer assumed coverage on Toast in a report on Friday, January 24th. They issued an “outperform” rating and a $46.00 target price for the company. Morgan Stanley lifted their target price on Toast from $46.00 to $50.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. lifted their target price on Toast from $36.00 to $42.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $40.48.

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.