Swiss National Bank Has $18.77 Million Stake in Toast, Inc. (NYSE:TOST)

Swiss National Bank lifted its position in shares of Toast, Inc. (NYSE:TOST) by 3.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,027,800 shares of the company’s stock after purchasing an additional 33,500 shares during the period. Swiss National Bank’s holdings in Toast were worth $18,768,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TOST. SRS Capital Advisors Inc. bought a new stake in Toast during the third quarter worth $33,000. Larson Financial Group LLC grew its holdings in Toast by 8,181.8% during the third quarter. Larson Financial Group LLC now owns 1,822 shares of the company’s stock worth $34,000 after buying an additional 1,800 shares in the last quarter. Spire Wealth Management grew its holdings in Toast by 481.6% during the third quarter. Spire Wealth Management now owns 1,838 shares of the company’s stock worth $34,000 after buying an additional 1,522 shares in the last quarter. Your Advocates Ltd. LLP bought a new stake in Toast during the third quarter worth $37,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in Toast during the third quarter worth $37,000. 82.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider James Michael Matlock sold 1,205 shares of the stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $23.40, for a total transaction of $28,197.00. Following the sale, the insider now owns 40,954 shares of the company’s stock, valued at approximately $958,323.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Toast news, CFO Elena Gomez sold 12,500 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $26.39, for a total value of $329,875.00. Following the sale, the chief financial officer now owns 176,980 shares of the company’s stock, valued at approximately $4,670,502.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider James Michael Matlock sold 1,205 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $23.40, for a total value of $28,197.00. Following the completion of the sale, the insider now directly owns 40,954 shares in the company, valued at approximately $958,323.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 193,010 shares of company stock valued at $4,711,760. Corporate insiders own 13.32% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TOST shares. Needham & Company LLC upped their price target on Toast from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday. Robert W. Baird upped their price objective on Toast from $24.00 to $28.00 and gave the company an “outperform” rating in a research note on Monday, April 15th. The Goldman Sachs Group upped their price objective on Toast from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Monday, April 15th. BNP Paribas upgraded Toast from a “neutral” rating to an “outperform” rating and set a $30.00 price objective for the company in a research note on Thursday, March 7th. Finally, Keefe, Bruyette & Woods upped their price objective on Toast from $25.00 to $26.00 and gave the company a “market perform” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $25.80.

Toast Stock Performance

TOST stock opened at $26.82 on Friday. The stock has a fifty day moving average of $23.79 and a 200-day moving average of $19.62. The company has a market capitalization of $12.10 billion, a price-to-earnings ratio of -52.59 and a beta of 1.77. Toast, Inc. has a fifty-two week low of $13.77 and a fifty-two week high of $27.57.

Toast (NYSE:TOST) last issued its quarterly earnings data on Tuesday, May 7th. The company reported ($0.15) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.15). The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Toast had a negative return on equity of 21.77% and a negative net margin of 6.36%. The firm’s quarterly revenue was up 31.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.16) EPS. Equities analysts predict that Toast, Inc. will post -0.22 EPS for the current year.

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.