Nuveen Asset Management LLC Has $47.17 Million Holdings in Toast, Inc. (NYSE:TOST)

Nuveen Asset Management LLC raised its holdings in Toast, Inc. (NYSE:TOST - Free Report) by 24.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,294,017 shares of the company's stock after buying an additional 250,851 shares during the quarter. Nuveen Asset Management LLC owned 0.27% of Toast worth $47,167,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its stake in Toast by 5.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,938,487 shares of the company's stock valued at $107,108,000 after buying an additional 155,446 shares during the period. Jupiter Asset Management Ltd. raised its position in shares of Toast by 134.3% during the fourth quarter. Jupiter Asset Management Ltd. now owns 392,853 shares of the company's stock worth $14,319,000 after purchasing an additional 225,215 shares during the period. New York Life Investment Management LLC acquired a new position in shares of Toast during the fourth quarter worth approximately $1,572,000. Forsta AP Fonden raised its position in shares of Toast by 191.4% during the fourth quarter. Forsta AP Fonden now owns 234,300 shares of the company's stock worth $8,540,000 after purchasing an additional 153,900 shares during the period. Finally, BNP Paribas Financial Markets acquired a new position in shares of Toast during the fourth quarter worth approximately $83,684,000. 82.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TOST has been the topic of a number of research reports. Wolfe Research raised Toast from a "peer perform" rating to an "outperform" rating and set a $44.00 target price on the stock in a research report on Wednesday, April 23rd. BNP Paribas set a $37.00 target price on Toast and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. Robert W. Baird upped their target price on Toast from $38.00 to $40.00 and gave the stock a "neutral" rating in a research report on Thursday, February 20th. UBS Group increased their price target on Toast from $41.00 to $47.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. increased their price target on Toast from $36.00 to $42.00 and gave the company a "neutral" rating in a research report on Thursday, February 20th. Thirteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Toast presently has an average rating of "Hold" and a consensus target price of $40.91.

Toast Stock Performance

TOST stock opened at $44.68 on Tuesday. The company has a market capitalization of $22.25 billion, a price-to-earnings ratio of -4,463.54, a PEG ratio of 2.16 and a beta of 1.98. Toast, Inc. has a fifty-two week low of $21.32 and a fifty-two week high of $45.56. The stock has a fifty day moving average of $35.75 and a 200-day moving average of $37.51.

Toast (NYSE:TOST - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. Toast had a return on equity of 1.54% and a net margin of 0.40%. Equities analysts predict that Toast, Inc. will post 0.39 EPS for the current year.

Insider Buying and Selling

In related news, Director Paul D. Bell sold 11,000 shares of the firm'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 directly 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Christopher P. Comparato sold 70,000 shares of Toast stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $44.74, for a total value of $3,131,800.00. Following the completion of the sale, the director now owns 187,140 shares in the company, valued at approximately $8,372,643.60. This represents a 27.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 416,991 shares of company stock valued at $15,242,750. Corporate insiders own 13.32% of the company's stock.

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.