Toast, Inc. (NYSE:TOST) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. reduced its position in Toast, Inc. (NYSE:TOST) by 5.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,181 shares of the company’s stock after selling 1,200 shares during the period. Vontobel Holding Ltd.’s holdings in Toast were worth $543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in TOST. Vanguard Group Inc. boosted its position in Toast by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 36,677,371 shares of the company’s stock worth $669,729,000 after purchasing an additional 1,598,248 shares in the last quarter. Capital International Investors lifted its position in shares of Toast by 12.2% during the 1st quarter. Capital International Investors now owns 32,924,082 shares of the company’s stock valued at $820,468,000 after buying an additional 3,574,397 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Toast by 21.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,524,700 shares of the company’s stock valued at $486,557,000 after acquiring an additional 3,445,788 shares during the period. Champlain Investment Partners LLC increased its holdings in Toast by 9.1% in the 1st quarter. Champlain Investment Partners LLC now owns 9,976,356 shares of the company’s stock worth $248,611,000 after acquiring an additional 833,390 shares in the last quarter. Finally, Whale Rock Capital Management LLC acquired a new position in Toast during the first quarter worth $179,111,000. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Toast Stock Performance

Toast stock opened at $29.52 on Tuesday. The company has a market capitalization of $13.61 billion, a PE ratio of -101.79 and a beta of 1.76. Toast, Inc. has a fifty-two week low of $13.77 and a fifty-two week high of $30.70. The firm has a 50 day moving average price of $26.37 and a 200 day moving average price of $25.22.

Toast (NYSE:TOST) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Toast had a negative return on equity of 11.27% and a negative net margin of 3.10%. The company’s revenue was up 27.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.19) earnings per share. As a group, equities research analysts forecast that Toast, Inc. will post -0.1 earnings per share for the current year.

Insider Buying and Selling at Toast

In other news, Director Christopher P. Comparato sold 125,000 shares of the stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $29.21, for a total transaction of $3,651,250.00. Following the sale, the director now owns 134,627 shares of the company’s stock, valued at approximately $3,932,454.67. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Christopher P. Comparato sold 125,000 shares of the company’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $29.21, for a total transaction of $3,651,250.00. Following the sale, the director now owns 134,627 shares of the company’s stock, valued at approximately $3,932,454.67. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Aman Narang sold 1,856 shares of the stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $24.00, for a total value of $44,544.00. Following the completion of the sale, the chief executive officer now owns 1,132,708 shares in the company, valued at approximately $27,184,992. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,006,021 shares of company stock valued at $26,808,638 in the last three months. 13.32% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Mizuho raised shares of Toast from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $21.00 to $33.00 in a research note on Thursday, July 18th. Bank of America increased their target price on Toast from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. JPMorgan Chase & Co. lifted their price target on Toast from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. The Goldman Sachs Group increased their price objective on Toast from $29.00 to $33.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Finally, Stephens lifted their target price on shares of Toast from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Toast presently has an average rating of “Moderate Buy” and an average target price of $28.78.

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.