Capital International Inc. CA Has $26.17 Million Holdings in Toast, Inc. (NYSE:TOST)

Capital International Inc. CA trimmed its holdings in Toast, Inc. (NYSE:TOST) by 3.2% in the fourth quarter, Holdings Channel reports. The fund owned 717,823 shares of the company’s stock after selling 23,724 shares during the period. Capital International Inc. CA’s holdings in Toast were worth $26,165,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Forum Financial Management LP acquired a new position in shares of Toast in the 4th quarter valued at approximately $203,000. Freedom Investment Management Inc. acquired a new position in shares of Toast in the fourth quarter valued at approximately $282,000. Commerce Bank bought a new stake in shares of Toast during the fourth quarter worth $31,305,000. Capital International Investors raised its holdings in shares of Toast by 1.9% during the fourth quarter. Capital International Investors now owns 41,961,233 shares of the company’s stock worth $1,529,657,000 after acquiring an additional 785,641 shares during the period. Finally, CANADA LIFE ASSURANCE Co lifted its position in Toast by 8.2% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 301,892 shares of the company’s stock valued at $10,998,000 after acquiring an additional 22,916 shares in the last quarter. 82.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Toast

In related news, CFO Elena Gomez sold 2,052 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total value of $81,320.76. Following the completion of the transaction, the chief financial officer now owns 160,498 shares of the company’s stock, valued at $6,360,535.74. The trade was a 1.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Christopher P. Comparato sold 70,000 shares of the stock in a transaction dated Thursday, April 17th. The stock was sold at an average price of $34.21, for a total transaction of $2,394,700.00. Following the sale, the director now owns 179,316 shares in the company, valued at $6,134,400.36. The trade was a 28.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 340,770 shares of company stock valued at $11,803,911 in the last three months. 13.32% of the stock is currently owned by company insiders.

Toast Trading Up 0.0 %

TOST stock opened at $34.30 on Friday. The business’s 50 day simple moving average is $35.55 and its 200 day simple moving average is $36.04. Toast, Inc. has a 1-year low of $21.32 and a 1-year high of $44.12. The firm has a market capitalization of $16.95 billion, a PE ratio of -3,426.97, a PEG ratio of 2.16 and a beta of 2.00.

Toast (NYSE:TOST) last issued its quarterly earnings data 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 during 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, sell-side analysts predict that Toast, Inc. will post 0.39 EPS for the current fiscal year.

Analyst Ratings Changes

TOST has been the subject of a number of research reports. BNP Paribas set a $37.00 target price on Toast and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Canaccord Genuity Group lifted their target price on Toast from $43.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Oppenheimer began coverage on Toast in a research report on Friday, January 24th. They set an “outperform” rating and a $46.00 price target for the company. Robert W. Baird lifted their price objective on shares of Toast from $38.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. Finally, Morgan Stanley cut their price objective on shares of Toast from $50.00 to $46.00 and set an “overweight” rating on the stock in a research report on Wednesday. Thirteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Toast presently has an average rating of “Hold” and an average price target of $40.09.

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.