OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $7.10 Million Position in Toast, Inc. $TOST

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Toast, Inc. (NYSE:TOST) by 150.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 200,000 shares of the company’s stock after acquiring an additional 120,000 shares during the quarter. Toast makes up 0.8% of OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s portfolio, making the stock its 28th largest holding. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Toast were worth $7,102,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Central Pacific Bank Trust Division increased its position in shares of Toast by 123.5% during the 4th quarter. Central Pacific Bank Trust Division now owns 943 shares of the company’s stock worth $33,000 after purchasing an additional 521 shares in the last quarter. Silicon Valley Capital Partners acquired a new stake in shares of Toast during the fourth quarter worth approximately $36,000. Quadrant Capital Group LLC raised its stake in shares of Toast by 2,083.3% in the fourth quarter. Quadrant Capital Group LLC now owns 1,048 shares of the company’s stock valued at $37,000 after acquiring an additional 1,000 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Toast by 59.1% in the third quarter. Smartleaf Asset Management LLC now owns 1,182 shares of the company’s stock valued at $44,000 after acquiring an additional 439 shares during the last quarter. Finally, Cornerstone Planning Group LLC boosted its holdings in shares of Toast by 8,807.1% in the 4th quarter. Cornerstone Planning Group LLC now owns 1,247 shares of the company’s stock worth $44,000 after acquiring an additional 1,233 shares in the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

Insider Activity

In other news, CRO Jonathan Vassil sold 6,438 shares of Toast stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $26.19, for a total transaction of $168,611.22. Following the completion of the sale, the executive owned 146,618 shares in the company, valued at $3,839,925.42. The trade was a 4.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Brian R. Elworthy sold 108,000 shares of the company’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $25.89, for a total transaction of $2,796,120.00. Following the sale, the general counsel owned 189,642 shares of the company’s stock, valued at $4,909,831.38. The trade was a 36.29% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 147,783 shares of company stock worth $3,838,037. Corporate insiders own 10.03% of the company’s stock.

Toast Stock Up 1.0%

Shares of TOST opened at $25.07 on Tuesday. Toast, Inc. has a 12-month low of $22.26 and a 12-month high of $49.66. The firm has a market capitalization of $12.94 billion, a PE ratio of 38.58 and a beta of 1.76. The stock’s fifty day simple moving average is $25.95 and its 200-day simple moving average is $29.49.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on TOST shares. Oppenheimer reaffirmed an “outperform” rating and set a $36.00 price target on shares of Toast in a report on Friday, May 8th. Morgan Stanley set a $45.00 target price on Toast in a research note on Friday, May 8th. Truist Financial reduced their price target on shares of Toast from $36.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Sanford C. Bernstein set a $39.00 price objective on shares of Toast in a research report on Monday, February 16th. Finally, Rothschild & Co Redburn reaffirmed a “neutral” rating and issued a $35.00 target price on shares of Toast in a research note on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, Toast has a consensus rating of “Moderate Buy” and an average target price of $37.62.

Toast Profile

Toast, Inc (NYSE: TOST) is a technology company that builds a cloud-based platform for restaurants and other foodservice businesses. Headquartered in Boston, Massachusetts, Toast offers integrated point-of-sale (POS) systems and a suite of software and hardware designed to streamline front-of-house and back-of-house operations. The company went public in 2021 and has positioned itself as a vertically integrated provider for the restaurant industry.

Toast’s product portfolio includes touchscreen POS terminals and handheld order-and-pay devices, kitchen display systems, and peripherals tailored for high-volume foodservice environments.