Handelsbanken Fonder AB Raises Stock Holdings in Toast, Inc. (NYSE:TOST)

Handelsbanken Fonder AB grew its position in shares of Toast, Inc. (NYSE:TOST) by 22.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 99,900 shares of the company’s stock after buying an additional 18,500 shares during the period. Handelsbanken Fonder AB’s holdings in Toast were worth $3,641,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of TOST. Private Advisor Group LLC raised its position in shares of Toast by 3.2% during the 4th quarter. Private Advisor Group LLC now owns 29,039 shares of the company’s stock worth $1,058,000 after purchasing an additional 888 shares during the period. Alberta Investment Management Corp increased its position in Toast by 1.1% in the 4th quarter. Alberta Investment Management Corp now owns 99,200 shares of the company’s stock valued at $3,616,000 after acquiring an additional 1,100 shares during the period. D.A. Davidson & CO. increased its position in shares of Toast by 52.0% during the 4th quarter. D.A. Davidson & CO. now owns 33,593 shares of the company’s stock valued at $1,224,000 after purchasing an additional 11,493 shares during the period. Truist Financial Corp increased its position in shares of Toast by 13.4% during the 4th quarter. Truist Financial Corp now owns 28,698 shares of the company’s stock valued at $1,046,000 after purchasing an additional 3,397 shares during the period. Finally, CIBC Asset Management Inc increased its position in shares of Toast by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 13,311 shares of the company’s stock valued at $485,000 after purchasing an additional 697 shares during the period. Institutional investors own 82.91% of the company’s stock.

Insider Activity

In related news, Director Christopher P. Comparato sold 145,000 shares of the company’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $36.04, for a total value of $5,225,800.00. Following the completion of the transaction, the director now directly owns 182,451 shares of the company’s stock, valued at approximately $6,575,534.04. This represents a 44.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Brian R. Elworthy sold 653 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total transaction of $25,878.39. Following the completion of the transaction, the general counsel now directly owns 209,206 shares of the company’s stock, valued at approximately $8,290,833.78. The trade was a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 149,779 shares of company stock valued at $5,415,192 in the last quarter. Company insiders own 13.32% of the company’s stock.

Toast Price Performance

TOST stock opened at $37.68 on Monday. The company has a 50 day moving average price of $38.60 and a 200 day moving average price of $33.58. Toast, Inc. has a fifty-two week low of $20.57 and a fifty-two week high of $44.12. The stock has a market capitalization 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 (NYSE:TOST) last issued 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 business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. Toast had a net margin of 0.40% and a return on equity of 1.54%. As a group, equities analysts expect that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TOST has been the subject of several research reports. Canaccord Genuity Group raised their price objective on Toast from $43.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday. Piper Sandler raised their target price on Toast from $25.00 to $35.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Wells Fargo & Company increased their price objective on Toast from $25.00 to $30.00 and gave the stock an “underweight” rating in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft raised their target price on Toast from $24.00 to $30.00 and gave the company a “hold” rating in a report on Monday, November 4th. Finally, The Goldman Sachs Group set a $40.00 price objective on Toast and gave the stock a “neutral” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $40.09.

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.