Toast, Inc. (NYSE:TOST) Position Increased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Toast, Inc. (NYSE:TOST) by 17.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,504,641 shares of the company’s stock after acquiring an additional 218,313 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.32% of Toast worth $42,596,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. West Branch Capital LLC purchased a new position in shares of Toast in the second quarter worth approximately $26,000. Toth Financial Advisory Corp purchased a new position in shares of Toast during the 3rd quarter valued at $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Toast in the second quarter worth $33,000. 1620 Investment Advisors Inc. bought a new stake in shares of Toast in the 2nd quarter valued at approximately $34,000. Finally, Raleigh Capital Management Inc. raised its holdings in shares of Toast by 93.4% during the 3rd quarter. Raleigh Capital Management Inc. now owns 1,491 shares of the company’s stock valued at $42,000 after purchasing an additional 720 shares in the last quarter. 82.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Piper Sandler boosted their price objective on Toast from $25.00 to $35.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Robert W. Baird lifted their price target on shares of Toast from $30.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Stephens upped their price objective on shares of Toast from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. DA Davidson increased their price target on Toast from $35.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $45.00 price objective (up previously from $34.00) on shares of Toast in a research report on Monday. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Toast has a consensus rating of “Hold” and a consensus target price of $34.43.

Toast Price Performance

Shares of NYSE:TOST opened at $42.43 on Wednesday. Toast, Inc. has a one year low of $14.45 and a one year high of $44.12. The stock 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. The company’s 50-day moving average price is $33.67 and its two-hundred day moving average price is $27.99.

Insider Activity

In related news, General Counsel Brian R. Elworthy sold 300,000 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $30.39, for a total value of $9,117,000.00. Following the completion of the sale, the general counsel now directly owns 177,836 shares in the company, valued at approximately $5,404,436.04. The trade was a 62.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, President Stephen Fredette sold 101,574 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $25.73, for a total value of $2,613,499.02. Following the completion of the transaction, the president now directly owns 2,395,685 shares of the company’s stock, valued at approximately $61,640,975.05. This trade represents a 4.07 % 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 three months. Insiders own 13.32% of the company’s stock.

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.