Toast, Inc. (NYSE:TOST) Stock Holdings Lifted by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lifted its holdings in Toast, Inc. (NYSE:TOST) by 3.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 143,478 shares of the company’s stock after buying an additional 4,744 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Toast were worth $4,759,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of TOST. Vanguard Group Inc. increased its holdings in shares of Toast by 10.8% in the 4th quarter. Vanguard Group Inc. now owns 42,474,232 shares of the company’s stock worth $1,548,186,000 after acquiring an additional 4,147,430 shares during the period. Capital International Investors increased 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 acquiring an additional 785,641 shares during the period. FMR LLC increased 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 acquiring an additional 5,403,896 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Toast in the 4th quarter worth about $282,010,000. Finally, Geode Capital Management LLC increased 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 acquiring an additional 195,805 shares during the period. 82.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on TOST shares. BMO Capital Markets raised their target price on shares of Toast from $44.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, May 12th. Wells Fargo & Company raised their target price on shares of Toast from $39.00 to $46.00 and gave the company an “overweight” rating in a research note on Friday, May 9th. Evercore ISI started coverage on shares of Toast in a research note on Wednesday, April 9th. They set an “in-line” rating and a $29.00 target price on the stock. DA Davidson lowered their target price on shares of Toast from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 30th. Finally, Wall Street Zen cut shares of Toast from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 1st. Twelve analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Toast presently has an average rating of “Moderate Buy” and an average target price of $41.21.

Toast Stock Performance

Shares of TOST opened at $43.89 on Friday. The firm has a market cap of $21.86 billion, a PE ratio of 190.84 and a beta of 2.02. The firm’s 50 day moving average price is $40.87 and its 200 day moving average price is $38.20. Toast, Inc. has a twelve month low of $22.10 and a twelve month high of $45.56.

Insider Activity at Toast

In related news, Director Paul D. Bell sold 11,000 shares of the business’s stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $45.13, for a total transaction of $496,430.00. Following the transaction, the director now owns 229,680 shares of the company’s stock, valued at approximately $10,365,458.40. The trade was a 4.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Christopher P. Comparato sold 70,000 shares of the business’s stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $44.74, for a total transaction of $3,131,800.00. Following the completion of the sale, the director now directly owns 187,140 shares in the company, valued at $8,372,643.60. This trade represents a 27.22% 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 valued at $19,551,906. 13.32% of the stock is currently owned by corporate insiders.

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.