Toast, Inc. (NYSE:TOST) Shares Acquired by Moody National Bank Trust Division

Moody National Bank Trust Division lifted its stake in shares of Toast, Inc. (NYSE:TOST - Free Report) by 7.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 101,622 shares of the company's stock after acquiring an additional 6,673 shares during the period. Moody National Bank Trust Division's holdings in Toast were worth $3,371,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in TOST. Blue Trust Inc. raised its holdings in shares of Toast by 120.4% during the 4th quarter. Blue Trust Inc. now owns 692 shares of the company's stock valued at $25,000 after buying an additional 378 shares during the period. Stonebridge Financial Group LLC acquired a new position in Toast during the 4th quarter valued at approximately $34,000. SBI Securities Co. Ltd. acquired a new position in Toast during the 4th quarter valued at approximately $35,000. Wingate Wealth Advisors Inc. acquired a new position in Toast during the 4th quarter valued at approximately $40,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in Toast during the 4th quarter valued at approximately $42,000. Institutional investors and hedge funds own 82.91% of the company's stock.

Insiders Place Their Bets

In other news, President Stephen Fredette sold 70,340 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $33.87, for a total transaction of $2,382,415.80. Following the sale, the president now directly owns 1,574,316 shares of the company's stock, valued at $53,322,082.92. This represents a 4.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Paul D. Bell sold 11,000 shares of the company's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $45.13, for a total transaction of $496,430.00. Following the transaction, the director now owns 229,680 shares of the company's stock, valued at approximately $10,365,458.40. This trade represents a 4.57% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 416,991 shares of company stock valued at $15,242,750 over the last 90 days. Insiders own 13.32% of the company's stock.

Toast Stock Performance

NYSE TOST traded down $0.92 during trading on Tuesday, hitting $42.07. The stock had a trading volume of 3,818,636 shares, compared to its average volume of 6,762,040. The stock has a market capitalization of $20.95 billion, a price-to-earnings ratio of -4,202.80, a P/E/G ratio of 2.16 and a beta of 1.98. Toast, Inc. has a one year low of $21.32 and a one year high of $45.56. The stock has a 50 day simple moving average of $37.29 and a 200 day simple moving average of $37.96.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TOST. Truist Financial began coverage on Toast in a report on Monday. They set a "buy" rating and a $48.00 price target on the stock. Keefe, Bruyette & Woods lifted their price target on Toast from $40.00 to $42.00 and gave the company a "market perform" rating in a report on Thursday, February 20th. Evercore ISI assumed coverage on Toast in a report on Wednesday, April 9th. They set an "in-line" rating and a $29.00 price target on the stock. JPMorgan Chase & Co. boosted their target price on Toast from $36.00 to $42.00 and gave the company a "neutral" rating in a research note on Thursday, February 20th. Finally, The Goldman Sachs Group lowered their target price on Toast from $43.00 to $38.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. Twelve analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.