Toast, Inc. (NYSE:TOST) Shares Sold by Neuberger Berman Group LLC

Neuberger Berman Group LLC reduced its position in Toast, Inc. (NYSE:TOSTFree Report) by 8.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 43,422 shares of the company’s stock after selling 4,082 shares during the quarter. Neuberger Berman Group LLC’s holdings in Toast were worth $793,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TOST. Morgan Stanley grew its holdings in Toast by 149.3% in the 3rd quarter. Morgan Stanley now owns 12,007,286 shares of the company’s stock valued at $224,896,000 after buying an additional 7,191,595 shares in the last quarter. Norges Bank purchased a new stake in Toast in the 4th quarter valued at $76,699,000. Meritage Group LP purchased a new stake in Toast in the 4th quarter valued at $70,270,000. Vanguard Group Inc. grew its holdings in Toast by 11.1% in the 3rd quarter. Vanguard Group Inc. now owns 35,079,123 shares of the company’s stock valued at $657,032,000 after buying an additional 3,494,579 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Toast by 69.6% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,600,377 shares of the company’s stock valued at $120,523,000 after buying an additional 2,708,597 shares in the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on TOST shares. Piper Sandler upped their target price on Toast from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, May 9th. UBS Group increased their price target on Toast from $22.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Baird R W cut Toast from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 21st. The Goldman Sachs Group increased their price target on Toast from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $30.00 price target on shares of Toast in a report on Thursday, May 30th. One 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $26.14.

View Our Latest Stock Analysis on Toast

Insider Buying and Selling at Toast

In other Toast news, President Stephen Fredette sold 2,272 shares of the stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $23.40, for a total value of $53,164.80. Following the sale, the president now owns 2,835,759 shares of the company’s stock, valued at approximately $66,356,760.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CRO Jonathan Vassil sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $25.79, for a total transaction of $1,289,500.00. Following the completion of the sale, the executive now owns 26,897 shares in the company, valued at $693,673.63. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Stephen Fredette sold 2,272 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $23.40, for a total value of $53,164.80. Following the sale, the president now owns 2,835,759 shares of the company’s stock, valued at approximately $66,356,760.60. The disclosure for this sale can be found here. Insiders have sold 243,010 shares of company stock valued at $6,001,260 in the last quarter. Corporate insiders own 13.32% of the company’s stock.

Toast Price Performance

TOST stock opened at $22.56 on Tuesday. The firm has a market capitalization of $10.22 billion, a P/E ratio of -45.12 and a beta of 1.75. The business’s 50-day moving average is $24.16 and its two-hundred day moving average is $21.17. Toast, Inc. has a 1 year low of $13.77 and a 1 year high of $27.90.

Toast (NYSE:TOSTGet Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The company reported ($0.15) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.15). The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.04 billion. Toast had a negative return on equity of 21.45% and a negative net margin of 6.02%. Toast’s revenue for the quarter was up 31.3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.16) EPS. On average, analysts expect that Toast, Inc. will post -0.14 EPS for the current year.

Toast Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Toast (NYSE:TOST)

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