Toast, Inc. (NYSE:TOST) Holdings Raised by Deutsche Bank AG

Deutsche Bank AG grew its position in Toast, Inc. (NYSE:TOST - Free Report) by 32.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,066,985 shares of the company's stock after purchasing an additional 259,331 shares during the period. Deutsche Bank AG owned approximately 0.23% of Toast worth $38,892,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. EPG Wealth Management LLC acquired a new position in shares of Toast in the 4th quarter valued at about $201,000. CoreCap Advisors LLC lifted its stake in shares of Toast by 27.3% in the 4th quarter. CoreCap Advisors LLC now owns 3,860 shares of the company's stock valued at $141,000 after purchasing an additional 828 shares in the last quarter. Cresset Asset Management LLC lifted its stake in shares of Toast by 0.8% in the 4th quarter. Cresset Asset Management LLC now owns 57,593 shares of the company's stock valued at $2,099,000 after purchasing an additional 452 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of Toast by 59.5% in the 4th quarter. Cetera Investment Advisers now owns 53,248 shares of the company's stock valued at $1,941,000 after purchasing an additional 19,861 shares in the last quarter. Finally, Centiva Capital LP acquired a new position in Toast during the 4th quarter worth approximately $406,000. 82.91% of the stock is owned by institutional investors and hedge funds.

Toast Trading Down 1.2%

TOST traded down $0.55 during trading on Friday, reaching $44.69. 5,867,688 shares of the company were exchanged, compared to its average volume of 6,874,733. The stock has a market cap of $22.25 billion, a P/E ratio of -4,464.04, a PEG ratio of 2.16 and a beta of 1.98. The firm has a 50 day moving average of $35.55 and a 200 day moving average of $37.31. 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 released its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). Toast had a return on equity of 1.54% and a net margin of 0.40%. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.32 billion. As a group, analysts forecast that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on TOST shares. Wolfe Research raised Toast from a "peer perform" rating to an "outperform" rating and set a $44.00 price target on the stock in a research report on Wednesday, April 23rd. BNP Paribas set a $37.00 price target on Toast and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. BMO Capital Markets boosted their price target on Toast from $44.00 to $45.00 and gave the stock an "outperform" rating in a research report on Monday, May 12th. The Goldman Sachs Group reduced their price target on Toast from $43.00 to $38.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Finally, Robert W. Baird boosted their price target on Toast from $38.00 to $40.00 and gave the stock a "neutral" rating in a research report on Thursday, February 20th. Thirteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Toast has a consensus rating of "Hold" and a consensus price target of $40.91.

Insider Transactions at Toast

In other news, Director Paul D. Bell sold 11,000 shares of the company's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $45.13, for a total value of $496,430.00. Following the completion of the sale, the director now owns 229,680 shares in the company, valued at $10,365,458.40. This represents a 4.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Christopher P. Comparato sold 70,000 shares of the company's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $35.71, for a total value of $2,499,700.00. Following the completion of the sale, the director now owns 164,796 shares of the company's stock, valued at approximately $5,884,865.16. This trade represents a 29.81% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 416,991 shares of company stock valued at $15,242,750. 13.32% of the stock is currently owned by corporate insiders.

Toast Company 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.