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% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,319 shares of the company’s stock after buying an additional 12,118 shares during the quarter. Toronto Dominion Bank’s holdings in Toast were worth $1,311,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. West Branch Capital LLC acquired a new stake in shares of Toast in the second quarter valued at approximately $26,000. Toth Financial Advisory Corp acquired a new position in Toast in the 3rd quarter valued at $28,000. 1620 Investment Advisors Inc. bought a new stake in Toast during the second quarter worth about $34,000. Raleigh Capital Management Inc. grew its stake in Toast by 93.4% during the third quarter. Raleigh Capital Management Inc. now owns 1,491 shares of the company’s stock worth $42,000 after buying an additional 720 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in Toast by 32.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,033 shares of the company’s stock valued at $58,000 after buying an additional 496 shares during the period. Institutional investors own 82.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on TOST shares. Wedbush increased their price target on shares of Toast from $35.00 to $45.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Compass Point assumed coverage on Toast in a research note on Wednesday, November 20th. They issued a “buy” rating and a $49.00 price target on the stock. Wells Fargo & Company upped their price objective on Toast from $23.00 to $25.00 and gave the stock an “underweight” rating in a research report on Friday, November 8th. BNP Paribas cut Toast from an “outperform” rating to a “neutral” rating and set a $37.00 target price on the stock. in a research report on Wednesday, November 20th. Finally, Royal Bank of Canada increased their target price on shares of Toast from $27.00 to $40.00 and gave the stock a “sector perform” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $34.81.

Insiders Place Their Bets

In other Toast news, President Stephen Fredette sold 144,238 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $27.34, for a total value of $3,943,466.92. Following the transaction, the president now directly owns 2,160,499 shares of the company’s stock, valued at approximately $59,068,042.66. The trade was a 6.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David Yuan sold 189,785 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $43.01, for a total transaction of $8,162,652.85. Following the sale, the director now directly owns 198,829 shares of the company’s stock, valued at approximately $8,551,635.29. This trade represents a 48.84 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,375,061 shares of company stock worth $44,557,182. 13.32% of the stock is currently owned by insiders.

Toast Price Performance

Shares of TOST opened at $38.59 on Tuesday. The business has a 50-day moving average of $35.57 and a 200-day moving average of $28.81. Toast, Inc. has a 1 year low of $16.13 and a 1 year high of $44.12. The company has a market capitalization of $18.18 billion, a price-to-earnings ratio of -296.85, a price-to-earnings-growth ratio of 23.40 and a beta of 1.93.

Toast Profile

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.