Yarbrough Capital LLC Raises Holdings in Toast, Inc. (NYSE:TOST)

Yarbrough Capital LLC boosted its holdings in shares of Toast, Inc. (NYSE:TOST - Free Report) by 208.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,215 shares of the company's stock after buying an additional 43,428 shares during the quarter. Yarbrough Capital LLC's holdings in Toast were worth $2,130,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Toast by 10.8% during the fourth quarter. Vanguard Group Inc. now owns 42,474,232 shares of the company's stock valued at $1,548,186,000 after buying an additional 4,147,430 shares during the period. Capital International Investors grew its holdings in Toast by 1.9% in the fourth quarter. Capital International Investors now owns 41,961,233 shares of the company's stock worth $1,529,657,000 after purchasing an additional 785,641 shares during the last quarter. FMR LLC grew its holdings in Toast by 22.1% in the fourth quarter. FMR LLC now owns 29,853,639 shares of the company's stock worth $1,088,165,000 after purchasing an additional 5,403,896 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Toast in the fourth quarter worth $282,010,000. Finally, Geode Capital Management LLC grew its holdings in Toast by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 7,061,739 shares of the company's stock worth $256,970,000 after purchasing an additional 195,805 shares during the last quarter. 82.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on TOST shares. The Goldman Sachs Group cut their price target on shares of Toast from $43.00 to $38.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Morgan Stanley lifted their price target on shares of Toast from $46.00 to $50.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. BNP Paribas set a $37.00 price objective on shares of Toast and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods upped their target price on Toast from $40.00 to $42.00 and gave the company a "market perform" rating in a research report on Thursday, February 20th. Finally, Truist Financial began coverage on Toast in a research report on Monday, June 2nd. They issued a "buy" rating and a $48.00 target price on the stock. Twelve investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $41.21.

Insider Buying and Selling at Toast

In related news, General Counsel Brian R. Elworthy sold 300,000 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $42.60, for a total transaction of $12,780,000.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul D. Bell sold 11,000 shares of the stock in a transaction that occurred on 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 $10,365,458.40. The trade was a 4.57% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 646,651 shares of company stock worth $25,640,334. Insiders own 13.32% of the company's stock.

Toast Trading Up 2.9%

TOST stock opened at $44.06 on Friday. The company has a market cap of $21.94 billion, a price-to-earnings ratio of -4,401.60, a PEG ratio of 2.16 and a beta of 2.02. Toast, Inc. has a 12 month low of $21.32 and a 12 month high of $45.56. The firm has a 50-day moving average of $37.97 and a two-hundred day moving average of $38.02.

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.

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