Donoghue Forlines LLC Invests $2.03 Million in Toast, Inc. (NYSE:TOST)

Donoghue Forlines LLC acquired a new stake in shares of Toast, Inc. (NYSE:TOST) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 55,623 shares of the company’s stock, valued at approximately $2,027,000.

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

Insider Buying and Selling at Toast

In other Toast news, CFO Elena Gomez sold 1,917 shares of Toast stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $31.08, for a total value of $59,580.36. Following the transaction, the chief financial officer now owns 159,615 shares of the company’s stock, valued at approximately $4,960,834.20. The trade was a 1.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CRO Jonathan Vassil sold 1,367 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $31.08, for a total transaction of $42,486.36. Following the sale, the executive now directly owns 39,834 shares of the company’s stock, valued at $1,238,040.72. This represents a 3.32 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 562,600 shares of company stock valued at $21,823,932. Corporate insiders own 13.32% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Compass Point assumed coverage on shares of Toast in a research note on Wednesday, November 20th. They issued a “buy” rating and a $49.00 target price on the stock. Royal Bank of Canada boosted their price target on shares of Toast from $27.00 to $40.00 and gave the company a “sector perform” rating in a research report on Friday, November 8th. The Goldman Sachs Group decreased their price objective on shares of Toast from $45.00 to $40.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Robert W. Baird lifted their target price on shares of Toast from $30.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, BNP Paribas lowered Toast from an “outperform” rating to a “neutral” rating and set a $37.00 price target on the stock. in a research report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Toast has a consensus rating of “Hold” and an average target price of $35.27.

Toast Stock Down 1.1 %

NYSE:TOST opened at $38.36 on Thursday. The stock’s fifty day simple moving average is $38.87 and its 200-day simple moving average is $31.25. The firm has a market capitalization of $18.07 billion, a P/E ratio of -295.62, a P/E/G ratio of 2.04 and a beta of 1.97. Toast, Inc. has a 12-month low of $16.13 and a 12-month high of $44.12.

Toast (NYSE:TOST) last posted its earnings results on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.06. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. Toast had a negative return on equity of 3.84% and a negative net margin of 1.05%. During the same period in the previous year, the company earned ($0.09) EPS. As a group, equities research analysts expect that Toast, Inc. will post 0.03 earnings per share for the current year.

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.