OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Takes $9.11 Million Position in Toast, Inc. (NYSE:TOST)

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Toast, Inc. (NYSE:TOST - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 250,000 shares of the company's stock, valued at approximately $9,112,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.05% of Toast as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its holdings in Toast by 5.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,938,487 shares of the company's stock worth $107,108,000 after purchasing an additional 155,446 shares in the last quarter. Jupiter Asset Management Ltd. boosted its holdings in Toast by 134.3% in the fourth quarter. Jupiter Asset Management Ltd. now owns 392,853 shares of the company's stock worth $14,319,000 after purchasing an additional 225,215 shares in the last quarter. New York Life Investment Management LLC bought a new stake in Toast in the fourth quarter worth $1,572,000. Forsta AP Fonden boosted its holdings in Toast by 191.4% in the fourth quarter. Forsta AP Fonden now owns 234,300 shares of the company's stock worth $8,540,000 after purchasing an additional 153,900 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in Toast in the fourth quarter worth $83,684,000. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Toast news, Director Deval L. Patrick sold 34,222 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $33.01, for a total transaction of $1,129,668.22. Following the sale, the director now directly owns 13,260 shares of the company's stock, valued at approximately $437,712.60. This represents a 72.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christopher P. Comparato sold 70,000 shares of the company's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $35.71, for a total transaction of $2,499,700.00. Following the sale, the director now directly owns 164,796 shares in the company, valued at $5,884,865.16. This represents a 29.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 405,991 shares of company stock valued at $14,746,320. 13.32% of the stock is currently owned by insiders.

Toast Trading Up 0.2%

NYSE TOST traded up $0.07 on Thursday, reaching $45.16. The company's stock had a trading volume of 7,645,391 shares, compared to its average volume of 6,878,165. The firm has a market cap of $22.49 billion, a PE ratio of -4,511.49, a price-to-earnings-growth ratio of 2.16 and a beta of 1.98. The business has a 50-day moving average price of $35.33 and a 200 day moving average price of $37.21. Toast, Inc. has a 52 week low of $21.32 and a 52 week high of $45.56.

Toast (NYSE:TOST - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.32 billion. Toast had a net margin of 0.40% and a return on equity of 1.54%. Analysts anticipate that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TOST. DA Davidson decreased their price objective on shares of Toast from $42.00 to $40.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. Royal Bank of Canada upped their price objective on shares of Toast from $40.00 to $45.00 and gave the stock a "sector perform" rating in a report on Thursday, February 20th. The Goldman Sachs Group decreased their price objective on shares of Toast from $43.00 to $38.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. Piper Sandler boosted their target price on shares of Toast from $35.00 to $37.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. Finally, BMO Capital Markets boosted their target price on shares of Toast from $44.00 to $45.00 and gave the stock an "outperform" rating in a research report on Monday. Thirteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $40.91.

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.