18,190 Shares in Toast, Inc. (NYSE:TOST) Acquired by Bank of Nova Scotia

Bank of Nova Scotia acquired a new stake in Toast, Inc. (NYSE:TOSTFree Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 18,190 shares of the company’s stock, valued at approximately $332,000.

Other hedge funds have also made changes to their positions in the company. Sei Investments Co. grew its position in shares of Toast by 105.0% during the third quarter. Sei Investments Co. now owns 691,018 shares of the company’s stock worth $12,943,000 after buying an additional 353,903 shares in the last quarter. Vanguard Group Inc. grew 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 buying an additional 3,494,579 shares in the last quarter. ARK Investment Management LLC lifted its stake in 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 purchasing an additional 1,181,409 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Toast by 7.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,310,196 shares of the company’s stock worth $42,184,000 after purchasing an additional 150,425 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its stake in Toast by 8,092.0% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 69,386 shares of the company’s stock worth $1,267,000 after purchasing an additional 68,539 shares during the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

Insider Buying and Selling

In related news, CFO Elena Gomez sold 12,500 shares of Toast 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 transaction, the chief financial officer now owns 176,980 shares of the company’s stock, valued at approximately $4,670,502.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CRO Jonathan Vassil sold 50,000 shares of Toast stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $25.79, for a total value of $1,289,500.00. Following the transaction, the executive now owns 26,897 shares of the company’s stock, valued at approximately $693,673.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Elena Gomez sold 12,500 shares of Toast 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 completion of the transaction, the chief financial officer now directly owns 176,980 shares in the company, valued at approximately $4,670,502.20. The disclosure for this sale can be found here. Insiders have sold a total of 243,010 shares of company stock valued at $6,001,260 over the last three months. Company insiders own 13.32% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on TOST. Keefe, Bruyette & Woods restated a “market perform” rating and set a $26.00 price objective on shares of Toast in a research note on Wednesday, May 29th. Royal Bank of Canada raised their price objective on Toast from $23.00 to $27.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 8th. Baird R W cut Toast from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 21st. UBS Group raised their price objective on Toast from $22.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Finally, Wedbush reiterated an “outperform” rating and issued a $30.00 target price on shares of Toast in a research note on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $26.14.

Get Our Latest Stock Analysis on Toast

Toast Stock Down 2.7 %

NYSE:TOST opened at $22.02 on Monday. The business’s 50-day moving average price is $24.19 and its 200 day moving average price is $21.11. The firm has a market cap of $9.98 billion, a P/E ratio of -44.04 and a beta of 1.75. Toast, Inc. has a 52-week low of $13.77 and a 52-week high of $27.90.

Toast (NYSE:TOSTGet Free Report) last released its earnings results on Tuesday, May 7th. The company reported ($0.15) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.15). The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates 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 was up 31.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.16) earnings per share. Sell-side analysts expect that Toast, Inc. will post -0.14 EPS for the current year.

Toast 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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