US Bancorp DE Acquires 2,022 Shares of Toast, Inc. (NYSE:TOST)

US Bancorp DE raised its holdings in shares of Toast, Inc. (NYSE:TOST) by 5.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,765 shares of the company’s stock after purchasing an additional 2,022 shares during the quarter. US Bancorp DE’s holdings in Toast were worth $1,522,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Toast by 0.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 38,632 shares of the company’s stock worth $1,408,000 after acquiring an additional 301 shares in the last quarter. Mirador Capital Partners LP grew its position in Toast by 0.9% during the fourth quarter. Mirador Capital Partners LP now owns 41,938 shares of the company’s stock valued at $1,529,000 after buying an additional 360 shares during the period. Blue Trust Inc. grew its position in Toast by 120.4% during the fourth quarter. Blue Trust Inc. now owns 692 shares of the company’s stock valued at $25,000 after buying an additional 378 shares during the period. D.A. Davidson & CO. grew its position in Toast by 1.9% during the third quarter. D.A. Davidson & CO. now owns 22,100 shares of the company’s stock valued at $626,000 after buying an additional 409 shares during the period. Finally, CIBC Asset Management Inc grew its position in Toast by 3.7% during the third quarter. CIBC Asset Management Inc now owns 12,614 shares of the company’s stock valued at $357,000 after buying an additional 448 shares during the period. Institutional investors own 82.91% of the company’s stock.

Toast Stock Up 1.9 %

TOST stock opened at $34.77 on Friday. Toast, Inc. has a twelve month low of $21.32 and a twelve month high of $44.12. The stock has a market cap of $17.17 billion, a P/E ratio of -3,473.03, a PEG ratio of 2.16 and a beta of 1.99. The business’s 50-day moving average price is $38.36 and its 200-day moving average price is $34.29.

Toast (NYSE:TOST) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Toast had a return on equity of 1.54% and a net margin of 0.40%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.32 billion. On average, equities research analysts expect that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Transactions at Toast

In other news, General Counsel Brian R. Elworthy sold 653 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total transaction of $25,878.39. Following the transaction, the general counsel now owns 209,206 shares of the company’s stock, valued at approximately $8,290,833.78. The trade was a 0.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Christopher P. Comparato sold 145,000 shares of the company’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $36.04, for a total value of $5,225,800.00. Following the completion of the transaction, the director now directly owns 182,451 shares in the company, valued at $6,575,534.04. This trade represents a 44.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 149,779 shares of company stock valued at $5,415,192 in the last ninety days. Corporate insiders own 13.32% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on TOST. Robert W. Baird increased their price target on shares of Toast from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. upped their price objective on shares of Toast from $36.00 to $42.00 and gave the company a “neutral” rating in a 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 report on Thursday, February 20th. Wells Fargo & Company upped their price objective on shares of Toast from $25.00 to $30.00 and gave the company an “underweight” rating in a report on Thursday, January 16th. Finally, The Goldman Sachs Group set a $40.00 price objective on shares of Toast and gave the company a “neutral” rating in a report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $40.48.

Toast 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.