US Bancorp DE Purchases 33,705 Shares of Toast, Inc. (NYSE:TOST)

US Bancorp DE boosted its position in Toast, Inc. (NYSE:TOSTGet Rating) by 153.2% during the 1st quarter, Holdings Channel.com reports. The fund owned 55,707 shares of the company’s stock after buying an additional 33,705 shares during the quarter. US Bancorp DE’s holdings in Toast were worth $1,210,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in TOST. Lead Edge Capital Management LLC lifted its stake in Toast by 25,906.8% in the fourth quarter. Lead Edge Capital Management LLC now owns 13,003,407 shares of the company’s stock valued at $406,226,000 after buying an additional 12,953,407 shares during the period. Capital International Investors lifted its stake in Toast by 992.9% in the fourth quarter. Capital International Investors now owns 7,950,799 shares of the company’s stock valued at $275,972,000 after buying an additional 7,223,299 shares during the period. D1 Capital Partners L.P. acquired a new position in Toast in the fourth quarter valued at about $221,555,000. HarbourVest Partners LLC acquired a new position in Toast in the fourth quarter valued at about $94,051,000. Finally, JPMorgan Chase & Co. lifted its stake in Toast by 50.9% in the fourth quarter. JPMorgan Chase & Co. now owns 4,166,389 shares of the company’s stock valued at $144,615,000 after buying an additional 1,406,094 shares during the period. Institutional investors own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

TOST has been the topic of several analyst reports. The Goldman Sachs Group increased their target price on Toast to $23.00 in a research note on Monday, August 15th. KeyCorp raised their price target on Toast from $18.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, August 12th. Piper Sandler raised their price target on Toast from $22.00 to $26.00 and gave the stock an “overweight” rating in a research report on Friday, August 12th. Wells Fargo & Company dropped their price target on Toast from $29.00 to $23.00 and set an “overweight” rating on the stock in a research report on Thursday, July 14th. Finally, Needham & Company LLC raised their price target on Toast from $21.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, August 12th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $30.10.

Insiders Place Their Bets

In other Toast news, major shareholder Technology Investment Dining G sold 341,156 shares of the company’s stock in a transaction on Monday, June 27th. The shares were sold at an average price of $14.72, for a total transaction of $5,021,816.32. Following the sale, the insider now directly owns 8,618,317 shares of the company’s stock, valued at $126,861,626.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Toast news, CFO Elena Gomez sold 10,863 shares of the company’s stock in a transaction on Tuesday, July 5th. The shares were sold at an average price of $13.84, for a total transaction of $150,343.92. Following the sale, the chief financial officer now directly owns 71,056 shares of the company’s stock, valued at $983,415.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Technology Investment Dining G sold 341,156 shares of the stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $14.72, for a total transaction of $5,021,816.32. Following the completion of the transaction, the insider now directly owns 8,618,317 shares in the company, valued at $126,861,626.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,359,919 shares of company stock valued at $51,165,735. 20.16% of the stock is currently owned by corporate insiders.

Toast Trading Down 0.8 %

Shares of TOST opened at $18.39 on Tuesday. The company’s fifty day simple moving average is $16.19 and its 200 day simple moving average is $17.40. Toast, Inc. has a 1-year low of $11.91 and a 1-year high of $69.93. The company has a market cap of $9.41 billion and a price-to-earnings ratio of -11.57.

Toast Profile

(Get Rating)

Toast, Inc operates a cloud-based and digital technology platform for the restaurant industry in the United States and Ireland. The company offers Toast Point of Sale (POS), a hardware product; Toast Order & Pay, which allows guests to order and pay from their mobile devices; Toast Flex that is used for on-counter order and pay, as well as used as a server station, guest kiosk, kitchen display system, or order fulfillment station; Toast Go, a handheld POS device that enhances the table turn times through tableside ordering and payment acceptance; and Toast Tap, a card reader.

See Also

Want to see what other hedge funds are holding TOST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Toast, Inc. (NYSE:TOSTGet Rating).

Institutional Ownership by Quarter for Toast (NYSE:TOST)

Receive News & Ratings for Toast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toast and related companies with MarketBeat.com's FREE daily email newsletter.