US Bancorp DE Has $952,000 Position in Toast, Inc. (NYSE:TOST)

US Bancorp DE grew its holdings in Toast, Inc. (NYSE:TOSTFree Report) by 37.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 52,142 shares of the company’s stock after buying an additional 14,221 shares during the quarter. US Bancorp DE’s holdings in Toast were worth $952,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Sei Investments Co. raised its position in Toast by 105.0% in the 3rd quarter. Sei Investments Co. now owns 691,018 shares of the company’s stock worth $12,943,000 after purchasing an additional 353,903 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Toast by 11.1% during the third quarter. Vanguard Group Inc. now owns 35,079,123 shares of the company’s stock worth $657,032,000 after acquiring an additional 3,494,579 shares during the last quarter. ARK Investment Management LLC raised its position in shares of Toast by 101.5% during the fourth quarter. ARK Investment Management LLC now owns 2,345,520 shares of the company’s stock worth $42,829,000 after acquiring an additional 1,181,409 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Toast by 7.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,310,196 shares of the company’s stock valued at $42,184,000 after acquiring an additional 150,425 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in Toast by 8,092.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 69,386 shares of the company’s stock valued at $1,267,000 after acquiring an additional 68,539 shares during the last quarter. 82.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on TOST. Redburn Atlantic upgraded shares of Toast from a “neutral” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Wednesday, February 7th. The Goldman Sachs Group increased their price objective on shares of Toast from $26.00 to $29.00 and gave the company a “buy” rating in a report on Monday, April 15th. Royal Bank of Canada raised their price objective on shares of Toast from $23.00 to $27.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 8th. Robert W. Baird downgraded Toast from an “outperform” rating to a “neutral” rating and set a $28.00 price target on the stock. in a research note on Tuesday, May 21st. Finally, Wells Fargo & Company lifted their price objective on Toast from $17.00 to $19.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Toast has a consensus rating of “Hold” and an average target price of $26.14.

View Our Latest Stock Report on Toast

Insider Transactions at Toast

In other news, CRO Jonathan Vassil sold 100,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $25.24, for a total value of $2,524,000.00. Following the sale, the executive now owns 22,956 shares of the company’s stock, valued at $579,409.44. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Toast news, insider James Michael Matlock sold 1,205 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $23.40, for a total value of $28,197.00. Following the completion of the transaction, the insider now directly owns 40,954 shares in the company, valued at $958,323.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CRO Jonathan Vassil sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $25.24, for a total value of $2,524,000.00. Following the sale, the executive now owns 22,956 shares in the company, valued at approximately $579,409.44. The disclosure for this sale can be found here. Insiders sold 243,010 shares of company stock valued at $6,001,260 in the last ninety days. 13.32% of the stock is currently owned by corporate insiders.

Toast Stock Down 2.5 %

TOST opened at $22.43 on Wednesday. The firm’s fifty day simple moving average is $24.33 and its 200 day simple moving average is $20.94. Toast, Inc. has a 12 month low of $13.77 and a 12 month high of $27.90.

Toast (NYSE:TOSTGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The company reported ($0.15) earnings per share for the quarter, hitting the consensus estimate of ($0.15). The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Toast had a negative return on equity of 21.45% and a negative net margin of 6.02%. Toast’s revenue for the quarter was up 31.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.16) earnings per share. On average, research analysts predict that Toast, Inc. will post -0.14 earnings per share for the current year.

Toast Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Toast (NYSE:TOST)

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