Robeco Institutional Asset Management B.V. Purchases 75,897 Shares of Toast, Inc. (NYSE:TOST)

Robeco Institutional Asset Management B.V. lifted its holdings in Toast, Inc. (NYSE:TOST - Free Report) by 19.8% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 459,172 shares of the company's stock after purchasing an additional 75,897 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.09% of Toast worth $15,231,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Toast by 10.8% in the fourth 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 period. Capital International Investors increased its holdings in Toast by 1.9% in the 4th quarter. Capital International Investors now owns 41,961,233 shares of the company's stock worth $1,529,657,000 after acquiring an additional 785,641 shares in the last quarter. FMR LLC raised its stake in Toast by 22.1% during the 4th quarter. FMR LLC now owns 29,853,639 shares of the company's stock worth $1,088,165,000 after acquiring an additional 5,403,896 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in Toast during the fourth quarter valued at approximately $282,010,000. Finally, Geode Capital Management LLC lifted its holdings in Toast by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 7,061,739 shares of the company's stock valued at $256,970,000 after purchasing an additional 195,805 shares in the last quarter. Hedge funds and other institutional investors own 82.91% of the company's stock.

Toast Stock Up 1.1%

TOST traded up $0.47 during trading on Monday, reaching $44.36. The company had a trading volume of 862,031 shares, compared to its average volume of 6,687,265. Toast, Inc. has a 52 week low of $22.10 and a 52 week high of $45.56. The stock has a market cap of $22.09 billion, a P/E ratio of 193.27 and a beta of 2.02. The business has a 50 day simple moving average of $40.87 and a 200-day simple moving average of $38.19.

Insider Transactions at Toast

In other Toast news, Director Richard Kent Bennett sold 9,712 shares of the company's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $43.14, for a total value of $418,975.68. Following the transaction, the director now owns 534,167 shares of the company's stock, valued at $23,043,964.38. This represents a 1.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Brian R. Elworthy sold 300,000 shares of Toast stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $42.60, for a total value of $12,780,000.00. Following the sale, the general counsel now owns 216,156 shares of the company's stock, valued at approximately $9,208,245.60. This trade represents a 58.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 468,212 shares of company stock worth $19,551,906. 13.32% of the stock is currently owned by insiders.

Analyst Ratings Changes

TOST has been the topic of several recent analyst reports. Evercore ISI began coverage on shares of Toast in a research report on Wednesday, April 9th. They set an "in-line" rating and a $29.00 price objective on the stock. The Goldman Sachs Group decreased their price target on Toast from $43.00 to $38.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Wells Fargo & Company upped their price objective on Toast from $39.00 to $46.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. BMO Capital Markets increased their target price on Toast from $44.00 to $45.00 and gave the stock an "outperform" rating in a research report on Monday, May 12th. Finally, Wall Street Zen cut Toast from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 1st. Twelve investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $41.21.

About Toast

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.