J. Goldman & Co LP Buys 195,943 Shares of Toast, Inc. (NYSE:TOST)

J. Goldman & Co LP increased its stake in Toast, Inc. (NYSE:TOST) by 1,469.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 209,276 shares of the company’s stock after purchasing an additional 195,943 shares during the period. J. Goldman & Co LP’s holdings in Toast were worth $7,628,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its holdings in Toast by 5.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,938,487 shares of the company’s stock worth $107,108,000 after purchasing an additional 155,446 shares during the last quarter. Jupiter Asset Management Ltd. lifted its position in Toast by 134.3% during the 4th quarter. Jupiter Asset Management Ltd. now owns 392,853 shares of the company’s stock worth $14,319,000 after buying an additional 225,215 shares in the last quarter. New York Life Investment Management LLC bought a new stake in Toast during the 4th quarter worth about $1,572,000. Forsta AP Fonden boosted its stake in shares of Toast by 191.4% during the 4th quarter. Forsta AP Fonden now owns 234,300 shares of the company’s stock worth $8,540,000 after buying an additional 153,900 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Toast by 129,058.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,074,286 shares of the company’s stock valued at $75,466,000 after acquiring an additional 2,072,680 shares in the last quarter. Institutional investors own 82.91% of the company’s stock.

Insider Buying and Selling

In related news, President Stephen Fredette sold 70,340 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $33.87, for a total value of $2,382,415.80. Following the sale, the president now directly owns 1,574,316 shares of the company’s stock, valued at $53,322,082.92. This trade represents a 4.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Christopher P. Comparato sold 70,000 shares of Toast stock in a transaction dated 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 completion of the transaction, the director now owns 164,796 shares in the company, valued at approximately $5,884,865.16. This represents a 29.81 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 335,991 shares of company stock worth $11,614,520. Corporate insiders own 13.32% of the company’s stock.

Toast Stock Performance

TOST opened at $40.85 on Friday. Toast, Inc. has a 52-week low of $21.32 and a 52-week high of $44.12. The firm has a market cap of $20.32 billion, a P/E ratio of -4,080.92, a price-to-earnings-growth ratio of 2.16 and a beta of 1.98. The business’s fifty day moving average is $34.56 and its 200-day moving average is $36.86.

Toast (NYSE:TOST) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.05 earnings per share (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, research analysts predict that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TOST has been the topic of several analyst reports. Morgan Stanley upped their target price on Toast from $46.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday. BMO Capital Markets upped their price objective on Toast from $46.00 to $48.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. DA Davidson decreased their target price on shares of Toast from $42.00 to $40.00 and set a “neutral” rating for the company in a research note on Wednesday, April 30th. Keefe, Bruyette & Woods increased their price target on shares of Toast from $40.00 to $42.00 and gave the company a “market perform” rating in a research note on Thursday, February 20th. Finally, Needham & Company LLC restated a “buy” rating and set a $50.00 price objective on shares of Toast in a research note on Thursday, February 20th. Thirteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $40.91.

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.