Fjarde AP Fonden Fourth Swedish National Pension Fund Grows Holdings in Toast, Inc. (NYSE:TOST)

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in Toast, Inc. (NYSE:TOST) by 7.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,800 shares of the company’s stock after purchasing an additional 7,100 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Toast were worth $3,528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in TOST. FMR LLC raised its position in shares of Toast by 50.5% in the third quarter. FMR LLC now owns 24,449,743 shares of the company’s stock valued at $692,172,000 after purchasing an additional 8,205,053 shares during the period. ValueAct Holdings L.P. bought a new position in Toast in the 3rd quarter valued at $438,301,000. State Street Corp grew its position in shares of Toast by 2.5% during the 3rd quarter. State Street Corp now owns 8,325,292 shares of the company’s stock valued at $235,689,000 after purchasing an additional 206,789 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Toast by 2.3% in the third quarter. Geode Capital Management LLC now owns 6,865,934 shares of the company’s stock worth $193,992,000 after purchasing an additional 155,212 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Toast by 4.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,783,041 shares of the company’s stock valued at $78,788,000 after acquiring an additional 113,995 shares in the last quarter. 82.91% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Christopher P. Comparato sold 145,000 shares of Toast stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $36.04, for a total value of $5,225,800.00. Following the completion of the sale, the director now directly owns 182,451 shares in the company, valued at approximately $6,575,534.04. This trade represents a 44.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Stephen Fredette sold 1,068 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total transaction of $42,324.84. Following the transaction, the president now owns 1,644,656 shares in the company, valued at approximately $65,177,717.28. This trade represents a 0.06 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 149,779 shares of company stock valued at $5,415,192. Insiders own 13.32% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on TOST shares. The Goldman Sachs Group set a $40.00 price objective on shares of Toast and gave the company a “neutral” rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. lifted their target price on shares of Toast from $36.00 to $42.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. BMO Capital Markets upped their price target on shares of Toast from $46.00 to $48.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Wedbush lifted their price objective on Toast from $35.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Royal Bank of Canada increased 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. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $40.09.

Toast Stock Down 2.8 %

TOST opened at $36.13 on Wednesday. Toast, Inc. has a 52 week low of $21.02 and a 52 week high of $44.12. The stock has a market cap of $17.02 billion, a PE ratio of -3,609.79, a PEG ratio of 2.16 and a beta of 1.98. The business has a 50 day moving average of $38.53 and a 200-day moving average of $33.77.

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

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.