Deutsche Bank AG Sells 101,956 Shares of Toast, Inc. (NYSE:TOST)

Deutsche Bank AG reduced its position in Toast, Inc. (NYSE:TOST - Free Report) by 9.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 965,029 shares of the company's stock after selling 101,956 shares during the period. Deutsche Bank AG owned 0.19% of Toast worth $32,010,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Procyon Advisors LLC acquired a new stake in shares of Toast in the 1st quarter valued at $242,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Toast by 19.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 22,751 shares of the company's stock worth $829,000 after purchasing an additional 3,713 shares during the period. Yorktown Management & Research Co Inc acquired a new stake in shares of Toast during the first quarter worth $252,000. Principal Financial Group Inc. grew its stake in shares of Toast by 14,258.8% during the first quarter. Principal Financial Group Inc. now owns 5,474,443 shares of the company's stock worth $181,587,000 after purchasing an additional 5,436,317 shares during the period. Finally, Concurrent Investment Advisors LLC acquired a new stake in shares of Toast during the first quarter worth $757,000. 82.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on TOST shares. Wells Fargo & Company started coverage on Toast in a research note on Wednesday, July 16th. They set a "buy" rating for the company. JPMorgan Chase & Co. lifted their price objective on Toast from $42.00 to $52.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. BMO Capital Markets lifted their price objective on Toast from $44.00 to $45.00 and gave the stock an "outperform" rating in a research note on Monday, May 12th. Deutsche Bank Aktiengesellschaft started coverage on Toast in a research note on Thursday, July 17th. They set a "buy" rating and a $54.00 price objective for the company. Finally, Jefferies Financial Group lifted their price objective on Toast from $50.00 to $54.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Eleven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Toast presently has a consensus rating of "Moderate Buy" and an average price target of $45.54.

Insider Buying and Selling at Toast

In related news, CFO Elena Gomez sold 2,006 shares of the company's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $48.38, for a total transaction of $97,050.28. Following the sale, the chief financial officer owned 141,263 shares in the company, valued at approximately $6,834,303.94. This represents a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CRO Jonathan Vassil sold 1,427 shares of the business's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $48.38, for a total value of $69,038.26. Following the transaction, the executive directly owned 63,298 shares in the company, valued at approximately $3,062,357.24. This trade represents a 2.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 393,054 shares of company stock valued at $16,803,936 in the last ninety days. Insiders own 12.14% of the company's stock.

Toast Stock Performance

TOST traded down $1.36 on Thursday, hitting $42.97. 5,876,159 shares of the company were exchanged, compared to its average volume of 9,542,764. Toast, Inc. has a 12 month low of $22.91 and a 12 month high of $49.66. The company has a market cap of $21.92 billion, a PE ratio of 126.66 and a beta of 2.01. The stock's fifty day moving average is $44.79 and its 200-day moving average is $40.10.

Toast (NYSE:TOST - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.10). Toast had a return on equity of 14.19% and a net margin of 4.07%. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the previous year, the company posted $0.02 EPS. The business's revenue was up 24.8% on a year-over-year basis. As a group, equities research analysts expect that Toast, Inc. will post 0.39 EPS for the current fiscal year.

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.