16,403 Shares in Toast, Inc. (NYSE:TOST) Acquired by Better Money Decisions LLC

Better Money Decisions LLC bought a new position in Toast, Inc. (NYSE:TOST - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 16,403 shares of the company's stock, valued at approximately $544,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. 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 buying an additional 4,147,430 shares during the last quarter. Capital International Investors raised its position in Toast by 1.9% during the fourth quarter. Capital International Investors now owns 41,961,233 shares of the company's stock valued at $1,529,657,000 after purchasing an additional 785,641 shares during the period. FMR LLC lifted its stake in shares of Toast by 22.1% in the 4th quarter. FMR LLC now owns 29,853,639 shares of the company's stock valued at $1,088,165,000 after purchasing an additional 5,403,896 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Toast in the 4th quarter valued at approximately $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 purchasing an additional 195,805 shares during the period. 82.91% of the stock is owned by institutional investors.

Toast Price Performance

NYSE TOST traded up $1.24 on Friday, hitting $44.06. The stock had a trading volume of 5,613,436 shares, compared to its average volume of 6,778,110. The business's fifty day moving average price is $37.77 and its 200 day moving average price is $38.04. The stock has a market cap of $21.94 billion, a price-to-earnings ratio of -4,401.60, a price-to-earnings-growth ratio of 2.16 and a beta of 2.02. Toast, Inc. has a 52-week low of $21.32 and a 52-week high of $45.56.

Analyst Ratings Changes

TOST has been the subject of a number of analyst reports. Piper Sandler raised their price target on Toast from $35.00 to $37.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. JPMorgan Chase & Co. raised their target price on shares of Toast from $36.00 to $42.00 and gave the stock a "neutral" rating in a report on Thursday, February 20th. BMO Capital Markets lifted their price target on shares of Toast from $44.00 to $45.00 and gave the stock an "outperform" rating in a research note on Monday, May 12th. Wall Street Zen lowered shares of Toast from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 1st. Finally, 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 research note on Wednesday, April 30th. Twelve research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.21.

Insider Transactions at Toast

In other Toast news, General Counsel Brian R. Elworthy sold 300,000 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $42.60, for a total transaction of $12,780,000.00. Following the transaction, the general counsel now owns 216,156 shares in the company, valued at approximately $9,208,245.60. This represents a 58.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Christopher P. Comparato sold 70,000 shares of the firm's stock in a transaction on 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 completion of the transaction, the director now directly owns 164,796 shares of the company's stock, valued at approximately $5,884,865.16. This represents a 29.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 646,651 shares of company stock valued at $25,640,334 in the last quarter. 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.