OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 120,000 Shares of Toast, Inc. $TOST

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Toast, Inc. (NYSE:TOST) by 150.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 200,000 shares of the company’s stock after purchasing an additional 120,000 shares during the period. Toast makes up 0.8% of OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s portfolio, making the stock its 29th largest holding. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Toast were worth $7,102,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its stake in Toast by 1,555.5% in the first quarter. NewEdge Advisors LLC now owns 17,432 shares of the company’s stock worth $578,000 after purchasing an additional 16,379 shares during the last quarter. Cerity Partners LLC grew its stake in shares of Toast by 24.0% during the second quarter. Cerity Partners LLC now owns 81,574 shares of the company’s stock valued at $3,613,000 after buying an additional 15,774 shares during the last quarter. State Street Corp grew its stake in shares of Toast by 2.7% during the second quarter. State Street Corp now owns 9,212,889 shares of the company’s stock valued at $408,039,000 after buying an additional 245,276 shares during the last quarter. Frontier Capital Management Co. LLC purchased a new stake in shares of Toast in the second quarter worth approximately $4,479,000. Finally, Sei Investments Co. raised its holdings in shares of Toast by 24.6% in the second quarter. Sei Investments Co. now owns 1,030,007 shares of the company’s stock worth $45,619,000 after buying an additional 203,404 shares during the period. 82.91% of the stock is currently owned by institutional investors.

Insider Activity at Toast

In other Toast news, CFO Elena Gomez sold 8,929 shares of the stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $26.19, for a total transaction of $233,850.51. Following the sale, the chief financial officer owned 173,064 shares of the company’s stock, valued at approximately $4,532,546.16. This trade represents a 4.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Stephen Fredette sold 7,289 shares of Toast stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $26.19, for a total value of $190,898.91. Following the completion of the transaction, the president owned 920,985 shares in the company, valued at $24,120,597.15. This represents a 0.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 147,783 shares of company stock valued at $3,838,037 over the last 90 days. Insiders own 10.03% of the company’s stock.

Toast Stock Down 0.1%

Shares of TOST stock opened at $24.65 on Friday. The firm has a market cap of $12.72 billion, a price-to-earnings ratio of 37.92 and a beta of 1.76. The company’s 50 day moving average is $25.81 and its 200 day moving average is $29.26. Toast, Inc. has a 52-week low of $22.26 and a 52-week high of $49.66.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Loop Capital began coverage on Toast in a report on Tuesday, March 31st. They set a “hold” rating and a $26.00 price objective for the company. Oppenheimer reiterated an “outperform” rating and issued a $36.00 target price on shares of Toast in a research note on Friday, May 8th. Piper Sandler assumed coverage on Toast in a research report on Wednesday, June 10th. They set an “overweight” rating and a $32.00 target price for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Toast in a research note on Wednesday, May 20th. Finally, Rothschild & Co Redburn restated a “neutral” rating and issued a $35.00 price target on shares of Toast in a report on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $37.62.

About Toast

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.