Mn Services Vermogensbeheer B.V. Decreases Stake in Toast, Inc. (NYSE:TOST)

Mn Services Vermogensbeheer B.V. reduced its holdings in Toast, Inc. (NYSE:TOST - Free Report) by 4.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 127,700 shares of the company's stock after selling 6,400 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Toast were worth $4,236,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Blue Trust Inc. raised its stake in Toast by 120.4% during the fourth quarter. Blue Trust Inc. now owns 692 shares of the company's stock worth $25,000 after purchasing an additional 378 shares during the period. SBI Securities Co. Ltd. purchased a new position in Toast during the fourth quarter worth about $35,000. Piscataqua Savings Bank raised its stake in Toast by 57.1% during the first quarter. Piscataqua Savings Bank now owns 1,100 shares of the company's stock worth $36,000 after purchasing an additional 400 shares during the period. West Branch Capital LLC raised its stake in Toast by 862.1% during the first quarter. West Branch Capital LLC now owns 1,116 shares of the company's stock worth $37,000 after purchasing an additional 1,000 shares during the period. Finally, LRI Investments LLC raised its stake in Toast by 51.6% during the fourth quarter. LRI Investments LLC now owns 1,516 shares of the company's stock worth $55,000 after purchasing an additional 516 shares during the period. 82.91% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Christopher P. Comparato sold 70,000 shares of the company's stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $34.21, for a total value of $2,394,700.00. Following the completion of the transaction, the director now owns 179,316 shares in the company, valued at approximately $6,134,400.36. This represents a 28.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Richard Kent Bennett sold 9,712 shares of the company's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $43.14, for a total transaction of $418,975.68. Following the completion of the transaction, the director now owns 534,167 shares of the company's stock, valued at approximately $23,043,964.38. The trade was a 1.79% decrease in their position. The disclosure for this sale can be found here. Insiders sold 538,212 shares of company stock worth $22,051,606 in the last 90 days. Corporate insiders own 13.32% of the company's stock.

Toast Stock Down 0.4%

NYSE TOST opened at $42.47 on Wednesday. Toast, Inc. has a 52 week low of $22.10 and a 52 week high of $45.56. The stock has a market capitalization of $21.15 billion, a PE ratio of 184.64 and a beta of 2.02. The firm has a 50 day moving average of $39.48 and a two-hundred day moving average of $38.00.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on TOST shares. Needham & Company LLC reaffirmed a "buy" rating and set a $50.00 target price on shares of Toast in a research note on Thursday, February 20th. Wolfe Research raised shares of Toast from a "peer perform" rating to an "outperform" rating and set a $44.00 target price on the stock in a research note on Wednesday, April 23rd. Wall Street Zen downgraded shares of Toast from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 1st. UBS Group boosted their price target on shares of Toast from $41.00 to $47.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. Finally, Evercore ISI started coverage on shares of Toast in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $29.00 price target on the stock. Twelve analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Toast currently has an average rating of "Moderate Buy" and an average price target of $41.21.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.