Retireful LLC Makes New $1.11 Million Investment in Toast, Inc. (NYSE:TOST)

Retireful LLC bought a new stake in Toast, Inc. (NYSE:TOST - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 32,949 shares of the company's stock, valued at approximately $1,106,000.

Several other institutional investors also recently added to or reduced their stakes in TOST. Vanguard Group Inc. lifted its position 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 lifted its position in Toast by 1.9% in the fourth quarter. Capital International Investors now owns 41,961,233 shares of the company's stock worth $1,529,657,000 after purchasing an additional 785,641 shares during the period. FMR LLC lifted its position in Toast by 22.1% in the fourth quarter. FMR LLC now owns 29,853,639 shares of the company's stock worth $1,088,165,000 after purchasing an additional 5,403,896 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in Toast during the fourth quarter worth $282,010,000. Finally, Geode Capital Management LLC increased its holdings in Toast by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 7,061,739 shares of the company's stock valued at $256,970,000 after buying an additional 195,805 shares during the period. 82.91% of the stock is owned by institutional investors.

Toast Price Performance

Shares of NYSE TOST traded up $1.24 during midday trading on Friday, reaching $44.06. 5,613,436 shares of the stock were exchanged, compared to its average volume of 6,778,112. Toast, Inc. has a 12 month low of $21.32 and a 12 month high of $45.56. The company has a market capitalization of $21.94 billion, a price-to-earnings ratio of -4,401.60, a P/E/G ratio of 2.16 and a beta of 2.02. The business has a 50-day simple moving average of $37.77 and a two-hundred day simple moving average of $38.04.

Insider Buying and Selling at Toast

In related news, Director Paul D. Bell sold 11,000 shares of the company's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $45.13, for a total value of $496,430.00. Following the completion of the transaction, the director now directly owns 229,680 shares of the company's stock, valued at approximately $10,365,458.40. This represents a 4.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Brian R. Elworthy sold 300,000 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $42.60, for a total value of $12,780,000.00. Following the completion of the sale, the general counsel now owns 216,156 shares in the company, valued at approximately $9,208,245.60. This trade represents a 58.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 646,651 shares of company stock valued at $25,640,334. Company insiders own 13.32% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on TOST. BNP Paribas set a $37.00 target price on shares of Toast and gave the company a "neutral" rating in a research note on Wednesday, February 19th. Morgan Stanley raised their price objective on shares of Toast from $46.00 to $50.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. UBS Group boosted their target price on Toast from $41.00 to $47.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. Needham & Company LLC restated a "buy" rating and set a $50.00 price target on shares of Toast in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Toast from $36.00 to $42.00 and gave the company a "neutral" rating in a research report on Thursday, February 20th. Twelve research 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, the stock presently has an average rating of "Moderate Buy" and an average price target of $41.21.

About Toast

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.