Barclays PLC Purchases 320,746 Shares of Toast, Inc. (NYSE:TOST)

Barclays PLC increased its position in Toast, Inc. (NYSE:TOST) by 103.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 630,172 shares of the company’s stock after acquiring an additional 320,746 shares during the quarter. Barclays PLC’s holdings in Toast were worth $22,969,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. increased its position in 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 bought a new position in Toast during the 4th quarter worth $26,000. Stonebridge Financial Group LLC bought a new stake in shares of Toast in the 4th quarter valued at about $34,000. SBI Securities Co. Ltd. acquired a new stake in shares of Toast in the fourth quarter valued at about $35,000. Finally, Wingate Wealth Advisors Inc. bought a new position in shares of Toast during the fourth quarter worth about $40,000. Institutional investors own 82.91% of the company’s stock.

Toast Price Performance

Shares of TOST stock opened at $34.30 on Friday. Toast, Inc. has a one year low of $21.32 and a one year high of $44.12. The company has a market cap of $16.95 billion, a P/E ratio of -3,426.97, a P/E/G ratio of 2.16 and a beta of 2.00. The firm has a 50-day moving average of $35.43 and a 200-day moving average of $36.14.

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Needham & Company LLC reissued a “buy” rating and set a $50.00 target price on shares of Toast in a research report on Thursday, February 20th. Robert W. Baird upped their price target on shares of Toast from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. Canaccord Genuity Group lifted their price objective on Toast from $43.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. Evercore ISI began coverage on Toast in a research note on Wednesday, April 9th. They set an “in-line” rating and a $29.00 target price for the company. Finally, BMO Capital Markets boosted their price target on Toast from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Thirteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Toast has a consensus rating of “Hold” and an average target price of $40.09.

Insider Activity

In related news, Director Christopher P. Comparato sold 70,000 shares of Toast stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $35.71, for a total value of $2,499,700.00. Following the sale, the director now owns 164,796 shares of the company’s stock, valued at approximately $5,884,865.16. The trade was a 29.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Brian R. Elworthy sold 653 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total value of $25,878.39. Following the transaction, the general counsel now directly 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. Insiders sold a total of 340,770 shares of company stock valued at $11,803,911 in the last ninety days. 13.32% of the stock is currently owned by insiders.

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.