Nomura Holdings Inc. Raises Position in Toast, Inc. (NYSE:TOST)

Nomura Holdings Inc. raised its stake in Toast, Inc. (NYSE:TOST - Free Report) by 290.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 204,399 shares of the company's stock after acquiring an additional 152,010 shares during the period. Nomura Holdings Inc.'s holdings in Toast were worth $7,450,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TOST. Barclays PLC increased its stake in shares of Toast by 38.0% in the 3rd quarter. Barclays PLC now owns 309,426 shares of the company's stock valued at $8,758,000 after purchasing an additional 85,171 shares during the last quarter. SeaCrest Wealth Management LLC bought a new position in shares of Toast in the 4th quarter valued at $268,000. Mirador Capital Partners LP increased its stake in shares of Toast by 0.9% in the 4th quarter. Mirador Capital Partners LP now owns 41,938 shares of the company's stock valued at $1,529,000 after purchasing an additional 360 shares during the last quarter. Carnegie Investment Counsel bought a new position in shares of Toast in the 4th quarter valued at $233,000. Finally, Merit Financial Group LLC bought a new position in shares of Toast in the 4th quarter valued at $234,000. 82.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TOST. The Goldman Sachs Group reduced their price objective on Toast from $43.00 to $38.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. BNP Paribas set a $37.00 price objective on Toast and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. Canaccord Genuity Group boosted their price objective on Toast from $43.00 to $48.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Robert W. Baird boosted their price objective on Toast from $38.00 to $40.00 and gave the stock a "neutral" rating in a research report on Thursday, February 20th. Finally, DA Davidson reduced their price objective on Toast from $42.00 to $40.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Thirteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $40.91.

Insider Activity

In other Toast news, 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 transaction of $496,430.00. Following the completion of the transaction, the director now directly owns 229,680 shares of the company's stock, valued at approximately $10,365,458.40. This represents a 4.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christopher P. Comparato sold 70,000 shares of the stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $35.71, for a total value of $2,499,700.00. Following the transaction, the director now directly owns 164,796 shares of the company's stock, valued at approximately $5,884,865.16. This trade represents a 29.81% decrease in their ownership of the stock. 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 three months. Corporate insiders own 13.32% of the company's stock.

Toast Stock Down 1.2%

NYSE:TOST traded down $0.55 on Friday, hitting $44.69. The stock had a trading volume of 5,867,688 shares, compared to its average volume of 6,870,327. The business's fifty day moving average is $35.55 and its 200 day moving average is $37.36. The company has a market cap of $22.25 billion, a PE ratio of -4,464.04, a P/E/G ratio of 2.16 and a beta of 1.98. Toast, Inc. has a 52 week low of $21.32 and a 52 week high of $45.56.

Toast (NYSE:TOST - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $1.34 billion during the quarter, compared to analysts' expectations 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 earnings per share for the current fiscal year.

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.