Robeco Institutional Asset Management B.V. Raises Stake in Toast, Inc. (NYSE:TOST)

Robeco Institutional Asset Management B.V. raised its stake in Toast, Inc. (NYSE:TOST) by 59.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 383,275 shares of the company’s stock after buying an additional 143,042 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.08% of Toast worth $13,970,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TOST. ValueAct Holdings L.P. purchased a new stake in Toast in the 3rd quarter valued at $438,301,000. FMR LLC grew its holdings in Toast by 50.5% in the 3rd quarter. FMR LLC now owns 24,449,743 shares of the company’s stock valued at $692,172,000 after buying an additional 8,205,053 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Toast by 2,889.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,829,995 shares of the company’s stock valued at $108,427,000 after buying an additional 3,701,893 shares in the last quarter. Perpetual Ltd purchased a new stake in Toast in the 4th quarter valued at $60,878,000. Finally, Worldquant Millennium Advisors LLC lifted its stake in shares of Toast by 1,475.0% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 850,965 shares of the company’s stock valued at $24,091,000 after purchasing an additional 796,936 shares during the last quarter. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Toast news, Director Christopher P. Comparato sold 145,000 shares of the 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 completion of the sale, the director now directly owns 182,451 shares of the company’s stock, valued at approximately $6,575,534.04. This trade represents a 44.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard Kent Bennett sold 100,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $36.67, for a total value of $3,667,000.00. Following the sale, the director now directly owns 418,591 shares of the company’s stock, valued at $15,349,731.97. The trade was a 19.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 562,600 shares of company stock worth $21,823,932. 13.32% of the stock is currently owned by insiders.

Toast Price Performance

TOST stock opened at $41.06 on Friday. Toast, Inc. has a 1 year low of $17.65 and a 1 year high of $44.12. The firm has a market capitalization of $19.34 billion, a P/E ratio of -315.85, a P/E/G ratio of 2.14 and a beta of 1.97. The business’s 50-day moving average is $38.63 and its two-hundred day moving average is $31.93.

Toast (NYSE:TOST) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. Toast had a negative return on equity of 3.84% and a negative net margin of 1.05%. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the business posted ($0.09) EPS. On average, analysts expect that Toast, Inc. will post 0.03 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on TOST shares. Keefe, Bruyette & Woods upped their price target on Toast from $29.00 to $40.00 and gave the company a “market perform” rating in a research note on Monday, December 9th. Wells Fargo & Company upped their price target on Toast from $25.00 to $30.00 and gave the company an “underweight” rating in a research note on Thursday, January 16th. Compass Point started coverage on Toast in a research note on Wednesday, November 20th. They issued a “buy” rating and a $49.00 price target on the stock. BMO Capital Markets started coverage on Toast in a research note on Monday, January 6th. They issued an “outperform” rating and a $45.00 price target on the stock. Finally, Oppenheimer assumed coverage on Toast in a research note on Friday, January 24th. They issued an “outperform” rating and a $46.00 price target on the stock. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $35.74.

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.