US Bancorp DE Has $1.21 Million Stock Holdings in Toast, Inc. (NYSE:TOST)

US Bancorp DE lifted its stake in Toast, Inc. (NYSE:TOSTGet Rating) by 153.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,707 shares of the company’s stock after acquiring an additional 33,705 shares during the quarter. US Bancorp DE’s holdings in Toast were worth $1,210,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Seven Eight Capital LP increased its stake in shares of Toast by 2,021.6% in the first quarter. Seven Eight Capital LP now owns 197,393 shares of the company’s stock worth $4,289,000 after acquiring an additional 188,089 shares during the last quarter. Raymond James & Associates increased its position in Toast by 115.4% during the first quarter. Raymond James & Associates now owns 24,946 shares of the company’s stock worth $542,000 after buying an additional 13,364 shares during the last quarter. TD Asset Management Inc. increased its position in Toast by 42.4% during the first quarter. TD Asset Management Inc. now owns 580,098 shares of the company’s stock worth $12,606,000 after buying an additional 172,738 shares during the last quarter. Gainplan LLC acquired a new position in Toast during the first quarter worth $543,000. Finally, Wade G W & Inc. acquired a new position in Toast during the first quarter worth $267,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Toast

In other Toast news, CEO Christopher P. Comparato sold 2,377 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $15.44, for a total transaction of $36,700.88. Following the completion of the transaction, the chief executive officer now owns 322,272 shares in the company, valued at $4,975,879.68. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Toast news, CEO Christopher P. Comparato sold 2,377 shares of the company’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $15.44, for a total value of $36,700.88. Following the sale, the chief executive officer now directly owns 322,272 shares in the company, valued at $4,975,879.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Elena Gomez sold 2,009 shares of the company’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $15.44, for a total value of $31,018.96. Following the completion of the sale, the chief financial officer now owns 72,959 shares in the company, valued at $1,126,486.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,359,919 shares of company stock worth $51,165,735. Company insiders own 20.16% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on TOST shares. Needham & Company LLC increased their target price on shares of Toast from $21.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, August 12th. Wells Fargo & Company lowered their target price on shares of Toast from $29.00 to $23.00 and set an “overweight” rating on the stock in a research report on Thursday, July 14th. Piper Sandler increased their target price on shares of Toast from $22.00 to $26.00 and gave the stock an “overweight” rating in a research report on Friday, August 12th. Mizuho increased their target price on shares of Toast from $18.00 to $22.00 and gave the stock a “neutral” rating in a research report on Monday, August 15th. Finally, Morgan Stanley raised their price target on Toast from $27.00 to $29.00 and gave the company an “overweight” rating in a research report on Friday, August 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.10.

Toast Stock Performance

NYSE TOST opened at $18.39 on Tuesday. The firm has a 50-day simple moving average of $16.19 and a 200 day simple moving average of $17.40. Toast, Inc. has a twelve month low of $11.91 and a twelve month high of $69.93. The stock has a market cap of $9.41 billion and a PE ratio of -11.57.

Toast Company Profile

(Get Rating)

Toast, Inc operates a cloud-based and digital technology platform for the restaurant industry in the United States and Ireland. The company offers Toast Point of Sale (POS), a hardware product; Toast Order & Pay, which allows guests to order and pay from their mobile devices; Toast Flex that is used for on-counter order and pay, as well as used as a server station, guest kiosk, kitchen display system, or order fulfillment station; Toast Go, a handheld POS device that enhances the table turn times through tableside ordering and payment acceptance; and Toast Tap, a card reader.

See Also

Institutional Ownership by Quarter for Toast (NYSE:TOST)

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