D.A. Davidson & CO. Purchases 11,493 Shares of Toast, Inc. (NYSE:TOST)

D.A. Davidson & CO. boosted its holdings in shares of Toast, Inc. (NYSE:TOST) by 52.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,593 shares of the company’s stock after purchasing an additional 11,493 shares during the period. D.A. Davidson & CO.’s holdings in Toast were worth $1,224,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TOST. Makena Capital Management LLC grew its holdings in shares of Toast by 7.6% during the 3rd quarter. Makena Capital Management LLC now owns 274,392 shares of the company’s stock worth $7,768,000 after acquiring an additional 19,371 shares during the period. KBC Group NV grew its stake in shares of Toast by 66.5% in the third quarter. KBC Group NV now owns 42,838 shares of the company’s stock worth $1,213,000 after acquiring an additional 17,106 shares during the last quarter. Geode Capital Management LLC grew its position in Toast by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 6,865,934 shares of the company’s stock valued at $193,992,000 after purchasing an additional 155,212 shares during the last quarter. MML Investors Services LLC grew its holdings in shares of Toast by 40.6% during the third quarter. MML Investors Services LLC now owns 228,313 shares of the company’s stock valued at $6,464,000 after buying an additional 65,957 shares during the last quarter. Finally, Qsemble Capital Management LP boosted its stake in Toast by 52.1% during the 3rd quarter. Qsemble Capital Management LP now owns 67,796 shares of the company’s stock valued at $1,919,000 after purchasing an additional 23,231 shares during the last quarter. Institutional investors own 82.91% of the company’s stock.

Toast Price Performance

Shares of NYSE TOST opened at $37.68 on Monday. The firm has a fifty day moving average price of $38.60 and a 200-day moving average price of $33.58. The stock has a market cap of $17.75 billion, a PE ratio of -3,764.44, a price-to-earnings-growth ratio of 2.16 and a beta of 1.98. Toast, Inc. has a 1 year low of $20.57 and a 1 year high of $44.12.

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

Insiders Place Their Bets

In other Toast news, Director Christopher P. Comparato sold 145,000 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The stock was 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 $6,575,534.04. This represents a 44.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 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 sale, the general counsel now owns 209,206 shares in the company, valued at $8,290,833.78. The trade was a 0.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 149,779 shares of company stock worth $5,415,192 in the last 90 days. 13.32% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on TOST. Royal Bank of Canada boosted their target price on Toast from $40.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Thursday. The Goldman Sachs Group set a $40.00 price objective on shares of Toast and gave the company a “neutral” rating in a report on Wednesday. Piper Sandler raised their target price on shares of Toast from $25.00 to $35.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. DA Davidson reiterated a “neutral” rating and set a $38.00 target price (down from $44.00) on shares of Toast in a research note on Thursday, December 5th. Finally, Canaccord Genuity Group raised their price target on Toast from $43.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Toast currently has an average rating of “Hold” and an average target price of $40.09.

About Toast

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.