Toronto Dominion Bank Purchases 12,118 Shares of Toast, Inc. (NYSE:TOST)

Toronto Dominion Bank raised its position in Toast, Inc. (NYSE:TOST) by 35.4% in the third quarter, HoldingsChannel reports. The fund owned 46,319 shares of the company’s stock after purchasing an additional 12,118 shares during the quarter. Toronto Dominion Bank’s holdings in Toast were worth $1,311,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. West Branch Capital LLC bought a new stake in Toast during the 2nd quarter valued at $26,000. Toth Financial Advisory Corp acquired a new position in shares of Toast during the third quarter valued at about $28,000. 1620 Investment Advisors Inc. bought a new stake in shares of Toast during the second quarter worth about $34,000. Raleigh Capital Management Inc. raised its holdings in shares of Toast by 93.4% in the 3rd quarter. Raleigh Capital Management Inc. now owns 1,491 shares of the company’s stock worth $42,000 after acquiring an additional 720 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in Toast by 32.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,033 shares of the company’s stock valued at $58,000 after purchasing an additional 496 shares during the last quarter. Institutional investors own 82.91% of the company’s stock.

Toast Price Performance

Toast stock opened at $38.59 on Tuesday. Toast, Inc. has a one year low of $16.13 and a one year high of $44.12. The firm has a market capitalization of $18.18 billion, a P/E ratio of -296.85, a PEG ratio of 23.40 and a beta of 1.93. The business has a fifty day moving average price of $35.57 and a 200-day moving average price of $28.81.

Analysts Set New Price Targets

Several analysts have recently commented on TOST shares. The Goldman Sachs Group reissued a “neutral” rating and issued a $45.00 price objective (up from $34.00) on shares of Toast in a research note on Monday, December 2nd. Deutsche Bank Aktiengesellschaft increased their price target on Toast from $24.00 to $30.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Bank of America lifted their price objective on shares of Toast from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. Robert W. Baird increased their target price on shares of Toast from $30.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Morgan Stanley boosted their price target on shares of Toast from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $34.81.

Insider Buying and Selling at Toast

In related news, President Stephen Fredette sold 8,057 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $28.02, for a total transaction of $225,757.14. Following the completion of the transaction, the president now directly owns 2,152,442 shares in the company, valued at $60,311,424.84. The trade was a 0.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David Yuan sold 189,785 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $43.01, for a total value of $8,162,652.85. Following the completion of the transaction, the director now owns 198,829 shares in the company, valued at $8,551,635.29. This represents a 48.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,375,061 shares of company stock valued at $44,557,182 in the last quarter. 13.32% of the stock is currently owned by corporate insiders.

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.