6,256 Shares in Toast, Inc. (NYSE:TOST) Acquired by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC purchased a new position in shares of Toast, Inc. (NYSE:TOST) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 6,256 shares of the company’s stock, valued at approximately $208,000.

A number of other institutional investors have also added to or reduced their stakes in TOST. Vanguard Group Inc. raised its stake in shares of Toast by 10.8% in the fourth quarter. Vanguard Group Inc. now owns 42,474,232 shares of the company’s stock worth $1,548,186,000 after purchasing an additional 4,147,430 shares during the last quarter. Capital International Investors boosted its holdings in shares of Toast by 1.9% in the 4th quarter. Capital International Investors now owns 41,961,233 shares of the company’s stock worth $1,529,657,000 after buying an additional 785,641 shares during the last quarter. FMR LLC boosted its holdings in shares of Toast by 22.1% in the 4th quarter. FMR LLC now owns 29,853,639 shares of the company’s stock worth $1,088,165,000 after buying an additional 5,403,896 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Toast in the 4th quarter worth about $282,010,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Toast by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 7,061,739 shares of the company’s stock worth $256,970,000 after buying an additional 195,805 shares during the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Susan Chapman-Hughes sold 7,500 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $44.00, for a total value of $330,000.00. Following the sale, the director now owns 23,030 shares in the company, valued at approximately $1,013,320. This trade represents a 24.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Richard Kent Bennett sold 9,712 shares of the firm’s stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $43.14, for a total value of $418,975.68. Following the sale, the director now owns 534,167 shares in the company, valued at $23,043,964.38. The trade was a 1.79% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 468,212 shares of company stock worth $19,551,906. Corporate insiders own 13.32% of the company’s stock.

Toast Price Performance

Toast stock opened at $42.37 on Friday. Toast, Inc. has a one year low of $22.10 and a one year high of $45.56. The business has a fifty day moving average price of $40.00 and a 200-day moving average price of $38.03. The firm has a market capitalization of $21.10 billion, a P/E ratio of 184.22 and a beta of 2.02.

Wall Street Analyst Weigh In

TOST has been the topic of a number of research analyst reports. Morgan Stanley boosted their price target on shares of Toast from $46.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, May 9th. Wells Fargo & Company increased their price objective on Toast from $39.00 to $46.00 and gave the company an “overweight” rating in a report on Friday, May 9th. Evercore ISI started coverage on Toast in a report on Wednesday, April 9th. They set an “in-line” rating and a $29.00 price objective for the company. Truist Financial started coverage on Toast in a report on Monday, June 2nd. They set a “buy” rating and a $48.00 price objective for the company. Finally, The Goldman Sachs Group reduced their price objective on Toast from $43.00 to $38.00 and set a “neutral” rating for the company in a report on Wednesday, April 2nd. Twelve analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $41.21.

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.