Toast, Inc. (NYSE:TOST) Shares Acquired by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co lifted its stake in Toast, Inc. (NYSE:TOST) by 20.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 38,893 shares of the company’s stock after acquiring an additional 6,702 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Toast were worth $1,418,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Toast by 0.8% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 38,632 shares of the company’s stock worth $1,408,000 after buying an additional 301 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Toast by 11.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,435 shares of the company’s stock valued at $125,000 after acquiring an additional 358 shares during the period. Mirador Capital Partners LP grew its position in Toast by 0.9% in the 4th quarter. Mirador Capital Partners LP now owns 41,938 shares of the company’s stock valued at $1,529,000 after acquiring an additional 360 shares in the last quarter. Blue Trust Inc. grew 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 in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in Toast by 19.8% during the fourth quarter. Farther Finance Advisors LLC now owns 2,435 shares of the company’s stock worth $89,000 after purchasing an additional 402 shares during the period. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Insiders Place Their Bets

In related news, Director Deval L. Patrick sold 34,222 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $33.01, for a total value of $1,129,668.22. Following the transaction, the director now owns 13,260 shares in the company, valued at $437,712.60. The trade was a 72.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Christopher P. Comparato sold 70,000 shares of the company’s 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 directly owns 164,796 shares of the company’s stock, valued at approximately $5,884,865.16. This represents a 29.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 270,770 shares of company stock valued at $9,409,211 over the last quarter. Company insiders own 13.32% of the company’s stock.

Toast Price Performance

Shares of NYSE:TOST opened at $33.53 on Friday. Toast, Inc. has a 12 month low of $21.32 and a 12 month high of $44.12. The firm has a market capitalization of $16.56 billion, a P/E ratio of -3,349.25, a P/E/G ratio of 2.16 and a beta of 1.99. The company’s fifty day moving average price is $37.72 and its 200 day moving average price is $35.48.

Toast (NYSE:TOST) last posted its 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 firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. Toast had a return on equity of 1.54% and a net margin of 0.40%. On average, sell-side analysts anticipate that Toast, Inc. will post 0.39 EPS for the current year.

Analyst Ratings Changes

TOST has been the subject of a number of research reports. Keefe, Bruyette & Woods lifted their price objective 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. JPMorgan Chase & Co. raised their price target on shares of Toast from $36.00 to $42.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. DA Davidson reaffirmed a “neutral” rating and set a $38.00 price objective (down previously from $44.00) on shares of Toast in a research report on Thursday, December 5th. Oppenheimer started coverage on Toast in a report on Friday, January 24th. They issued an “outperform” rating and a $46.00 target price for the company. Finally, BNP Paribas set a $37.00 target price on Toast and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Toast currently has a consensus rating of “Hold” and an average price target of $40.48.

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.