Toast, Inc. $TOST Holdings Lifted by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Toast, Inc. (NYSE:TOST) by 6.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 333,999 shares of the company’s stock after buying an additional 21,633 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.06% of Toast worth $11,860,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. M&T Bank Corp boosted its position in shares of Toast by 24.0% in the 4th quarter. M&T Bank Corp now owns 52,270 shares of the company’s stock valued at $1,856,000 after purchasing an additional 10,114 shares during the period. D.A. Davidson & CO. boosted its position in shares of Toast by 30.5% in the 4th quarter. D.A. Davidson & CO. now owns 47,211 shares of the company’s stock valued at $1,676,000 after purchasing an additional 11,028 shares during the period. S.A. Mason LLC boosted its position in shares of Toast by 50.5% in the 4th quarter. S.A. Mason LLC now owns 22,140 shares of the company’s stock valued at $786,000 after purchasing an additional 7,425 shares during the period. Pictet Asset Management Holding SA boosted its position in shares of Toast by 1.3% in the 4th quarter. Pictet Asset Management Holding SA now owns 172,015 shares of the company’s stock valued at $6,108,000 after purchasing an additional 2,180 shares during the period. Finally, Sanctuary Advisors LLC boosted its position in shares of Toast by 16.7% in the 4th quarter. Sanctuary Advisors LLC now owns 36,685 shares of the company’s stock valued at $1,303,000 after purchasing an additional 5,239 shares during the period. Institutional investors and hedge funds own 82.91% of the company’s stock.

Wall Street Analyst Weigh In

TOST has been the subject of a number of recent analyst reports. Oppenheimer decreased their price target on Toast from $48.00 to $39.00 and set an “outperform” rating for the company in a research report on Friday, February 13th. Sanford C. Bernstein set a $39.00 price target on Toast in a research report on Monday, February 16th. Wells Fargo & Company decreased their price target on Toast from $47.00 to $36.00 and set an “overweight” rating for the company in a research report on Friday, February 13th. Needham & Company LLC decreased their price target on Toast from $60.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Finally, The Goldman Sachs Group decreased their price target on Toast from $43.00 to $31.00 and set a “neutral” rating for the company in a research report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $39.48.

Toast Trading Up 2.2%

Shares of NYSE TOST opened at $29.15 on Friday. Toast, Inc. has a one year low of $24.35 and a one year high of $49.66. The firm has a market capitalization of $15.02 billion, a PE ratio of 53.98 and a beta of 1.82. The business has a 50-day moving average price of $27.64 and a two-hundred day moving average price of $32.02.

Toast (NYSE:TOST) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). Toast had a return on equity of 18.14% and a net margin of 5.56%.The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same quarter in the previous year, the business posted $0.05 earnings per share. The company’s revenue was up 22.0% compared to the same quarter last year. Research analysts anticipate that Toast, Inc. will post 0.81 EPS for the current year.

Toast announced that its board has authorized a share buyback program on Thursday, February 12th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity

In other Toast news, CEO Aman Narang sold 13,463 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $26.19, for a total transaction of $352,595.97. Following the completion of the sale, the chief executive officer directly owned 54,013 shares in the company, valued at approximately $1,414,600.47. This trade represents a 19.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CRO Jonathan Vassil sold 6,438 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $26.19, for a total value of $168,611.22. Following the sale, the executive owned 146,618 shares of the company’s stock, valued at $3,839,925.42. The trade was a 4.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 46,030 shares of company stock worth $1,231,451. Corporate insiders own 12.14% of the company’s stock.

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.