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

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Toast, Inc. (NYSE:TOST) by 9.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,651,908 shares of the company’s stock after purchasing an additional 147,267 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Toast were worth $60,212,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TOST. Barclays PLC increased its stake in shares of Toast by 38.0% during the third quarter. Barclays PLC now owns 309,426 shares of the company’s stock valued at $8,758,000 after buying an additional 85,171 shares during the period. Merit Financial Group LLC purchased a new position in shares of Toast during the fourth quarter valued at $234,000. Atomi Financial Group Inc. increased its stake in shares of Toast by 12.8% during the fourth quarter. Atomi Financial Group Inc. now owns 13,156 shares of the company’s stock valued at $480,000 after buying an additional 1,497 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Toast by 1.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 38,964 shares of the company’s stock valued at $1,420,000 after buying an additional 551 shares during the period. Finally, Exchange Traded Concepts LLC increased its stake in shares of Toast by 131.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 118,546 shares of the company’s stock valued at $4,321,000 after buying an additional 67,289 shares during the period. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Insiders Place Their Bets

In other news, Director Christopher P. Comparato sold 70,000 shares of the firm’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $35.71, for a total value of $2,499,700.00. Following the completion of the transaction, the director now directly owns 164,796 shares in the company, valued at $5,884,865.16. This trade represents a 29.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Deval L. Patrick sold 34,222 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $33.01, for a total value of $1,129,668.22. Following the completion of the transaction, the director now owns 13,260 shares of the company’s stock, valued at approximately $437,712.60. The trade was a 72.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 416,991 shares of company stock valued at $15,242,750. 13.32% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on TOST shares. Morgan Stanley raised their price target on Toast from $46.00 to $50.00 and gave the company an “overweight” rating in a research note on Friday, May 9th. UBS Group raised their price objective on Toast from $41.00 to $47.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Royal Bank of Canada raised their price objective on Toast from $40.00 to $45.00 and gave the company a “sector perform” rating in a research report on Thursday, February 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price objective on shares of Toast in a research report on Thursday, February 20th. Finally, Evercore ISI began coverage on Toast in a research report on Wednesday, April 9th. They set an “in-line” rating and a $29.00 price objective on the stock. Twelve research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $40.91.

Toast Stock Performance

Shares of NYSE TOST opened at $42.48 on Friday. The company has a market cap of $21.16 billion, a PE ratio of -4,243.76, a P/E/G ratio of 2.16 and a beta of 1.98. The business has a 50-day simple moving average of $36.49 and a two-hundred day simple moving average of $37.79. Toast, Inc. has a fifty-two week low of $21.32 and a fifty-two week high of $45.56.

Toast (NYSE:TOST) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.32 billion. Toast had a return on equity of 1.54% and a net margin of 0.40%. On average, sell-side 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.