UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $42.60 Million Holdings in Toast, Inc. (NYSE:TOST)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Toast, Inc. (NYSE:TOST) by 17.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,504,641 shares of the company’s stock after buying an additional 218,313 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Toast were worth $42,596,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Tidal Investments LLC acquired a new stake in shares of Toast during the first quarter worth $244,000. Comerica Bank raised its position in shares of Toast by 10.9% during the first quarter. Comerica Bank now owns 6,167 shares of the company’s stock worth $154,000 after purchasing an additional 607 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in shares of Toast by 33.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 36,483 shares of the company’s stock valued at $880,000 after buying an additional 9,140 shares in the last quarter. DNB Asset Management AS boosted its stake in Toast by 21.6% during the 2nd quarter. DNB Asset Management AS now owns 56,818 shares of the company’s stock valued at $1,464,000 after purchasing an additional 10,097 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Toast during the second quarter valued at approximately $33,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TOST. Piper Sandler boosted their price target on shares of Toast from $25.00 to $35.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Wedbush boosted their target price on shares of Toast from $35.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Morgan Stanley raised their target price on Toast from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada boosted their price target on shares of Toast from $27.00 to $40.00 and gave the company a “sector perform” rating in a research report on Friday, November 8th. Finally, BNP Paribas lowered Toast from an “outperform” rating to a “neutral” rating and set a $37.00 price target for the company. in a report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Toast presently has a consensus rating of “Hold” and a consensus target price of $34.43.

Insiders Place Their Bets

In other news, President Stephen Fredette sold 211,686 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $23.57, for a total value of $4,989,439.02. Following the completion of the sale, the president now owns 2,638,023 shares of the company’s stock, valued at approximately $62,178,202.11. This represents a 7.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Elena Gomez sold 12,500 shares of Toast stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $28.41, for a total transaction of $355,125.00. Following the completion of the transaction, the chief financial officer now owns 207,518 shares in the company, valued at approximately $5,895,586.38. The trade was a 5.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,688,321 shares of company stock valued at $52,160,120 over the last quarter. 13.32% of the stock is owned by corporate insiders.

Toast Trading Up 0.1 %

Shares of Toast stock opened at $42.43 on Wednesday. The firm has a market capitalization of $19.98 billion, a PE ratio of -326.38, a price-to-earnings-growth ratio of 53.99 and a beta of 1.93. Toast, Inc. has a 12 month low of $14.45 and a 12 month high of $44.12. The business’s 50-day moving average price is $33.67 and its 200-day moving average price is $27.99.

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.