62,978 Shares in Toast, Inc. (NYSE:TOST) Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Toast, Inc. (NYSE:TOST - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 62,978 shares of the company's stock, valued at approximately $2,296,000.

Several other hedge funds have also recently made changes to their positions in the business. Blue Trust Inc. grew its holdings in Toast by 120.4% in 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. Stonebridge Financial Group LLC bought a new position in shares of Toast during the 4th quarter worth about $34,000. SBI Securities Co. Ltd. acquired a new stake in shares of Toast in the 4th quarter valued at about $35,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Toast in the 4th quarter valued at about $40,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in Toast in the 4th quarter valued at about $42,000. 82.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TOST. The Goldman Sachs Group cut 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. Evercore ISI started coverage on Toast in a report on Wednesday, April 9th. They issued an "in-line" rating and a $29.00 target price on the stock. UBS Group lifted their price target on shares of Toast from $41.00 to $47.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. Truist Financial began coverage on shares of Toast in a report on Monday. They set a "buy" rating and a $48.00 price objective on the stock. Finally, Wells Fargo & Company raised their price objective on shares of Toast from $39.00 to $46.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Twelve research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $41.21.

Insider Activity

In other news, General Counsel Brian R. Elworthy sold 300,000 shares of the company's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $42.60, for a total transaction of $12,780,000.00. Following the transaction, the general counsel now owns 216,156 shares of the company's stock, valued at $9,208,245.60. This represents a 58.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul D. Bell sold 11,000 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $45.13, for a total value of $496,430.00. Following the transaction, the director now owns 229,680 shares of the company's stock, valued at $10,365,458.40. The trade was a 4.57% decrease in their position. The disclosure for this sale can be found here. Insiders sold 716,991 shares of company stock valued at $28,022,750 in the last three months. Company insiders own 13.32% of the company's stock.

Toast Stock Up 0.5%

NYSE TOST traded up $0.19 during trading hours on Wednesday, reaching $41.82. 5,052,875 shares of the company were exchanged, compared to its average volume of 6,769,040. The stock has a market capitalization of $20.83 billion, a P/E ratio of -4,177.82, a P/E/G ratio of 2.16 and a beta of 1.98. Toast, Inc. has a 1 year low of $21.32 and a 1 year high of $45.56. The business's 50 day simple moving average is $37.41 and its 200-day simple moving average is $37.99.

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.