EPIQ Capital Group LLC Takes $255,000 Position in Toast, Inc. (NYSE:TOST)

EPIQ Capital Group LLC bought a new position in shares of Toast, Inc. (NYSE:TOST) during the fourth quarter, Holdings Channel.com reports. The fund bought 7,009 shares of the company’s stock, valued at approximately $255,000.

A number of other large investors also recently modified their holdings of TOST. ValueAct Holdings L.P. bought a new stake in Toast during the 3rd quarter valued at $438,301,000. FMR LLC increased its position in shares of Toast by 50.5% during the third quarter. FMR LLC now owns 24,449,743 shares of the company’s stock worth $692,172,000 after acquiring an additional 8,205,053 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Toast by 129,058.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,074,286 shares of the company’s stock worth $75,466,000 after acquiring an additional 2,072,680 shares in the last quarter. Perpetual Ltd acquired a new stake in shares of Toast in the 4th quarter worth about $60,878,000. Finally, Worldquant Millennium Advisors LLC lifted its position in Toast by 1,475.0% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 850,965 shares of the company’s stock valued at $24,091,000 after acquiring an additional 796,936 shares in the last quarter. 82.91% of the stock is currently owned by institutional investors.

Toast Trading Up 1.9 %

Shares of NYSE TOST opened at $34.77 on Monday. The stock has a fifty day simple moving average of $38.36 and a two-hundred day simple moving average of $34.36. Toast, Inc. has a 1-year low of $21.32 and a 1-year high of $44.12. The firm has a market cap of $17.17 billion, a price-to-earnings ratio of -3,473.03, a price-to-earnings-growth ratio of 2.16 and a beta of 1.99.

Toast (NYSE:TOST) last posted its quarterly 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). Toast had a return on equity of 1.54% and a net margin of 0.40%. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. Analysts forecast that Toast, Inc. will post 0.39 EPS for the current year.

Insiders Place Their Bets

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, President Stephen Fredette sold 1,068 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 $42,324.84. Following the completion of the transaction, the president now directly owns 1,644,656 shares of the company’s stock, 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 149,779 shares of company stock worth $5,415,192 over the last quarter. 13.32% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Robert W. Baird boosted their price objective on Toast from $38.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Morgan Stanley upped their price target on Toast from $46.00 to $50.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Royal Bank of Canada increased their price target on Toast from $40.00 to $45.00 and gave the company a “sector perform” rating in a research report on Thursday, February 20th. BNP Paribas set a $37.00 price objective on shares of Toast and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Toast from $40.00 to $42.00 and gave the company a “market perform” rating in a report on Thursday, February 20th. One research 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 MarketBeat, the company currently has a consensus rating of “Hold” and a consensus 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.