Barclays PLC Has $8.76 Million Stock Position in Toast, Inc. (NYSE:TOST)

Barclays PLC grew its stake in shares of Toast, Inc. (NYSE:TOST) by 38.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 309,426 shares of the company’s stock after acquiring an additional 85,171 shares during the period. Barclays PLC owned 0.07% of Toast worth $8,758,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. lifted its holdings in Toast by 17.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 102,800 shares of the company’s stock worth $2,910,000 after purchasing an additional 15,000 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in Toast during the 3rd quarter worth $3,283,000. MML Investors Services LLC lifted its holdings in shares of Toast by 40.6% during the third quarter. MML Investors Services LLC now owns 228,313 shares of the company’s stock worth $6,464,000 after buying an additional 65,957 shares in the last quarter. ValueAct Holdings L.P. bought a new stake in shares of Toast in the third quarter valued at about $438,301,000. Finally, Kensington Investment Counsel LLC grew its stake in shares of Toast by 10.2% in the third quarter. Kensington Investment Counsel LLC now owns 9,145 shares of the company’s stock valued at $259,000 after acquiring an additional 848 shares in the last quarter. Institutional investors own 82.91% of the company’s stock.

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 shares were sold at an average price of $27.34, for a total transaction of $3,943,466.92. Following the sale, the president now directly owns 2,160,499 shares of the company’s stock, valued at $59,068,042.66. The trade was a 6.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David Yuan sold 189,785 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $43.01, for a total transaction of $8,162,652.85. Following the transaction, the director now directly owns 198,829 shares of the company’s stock, valued at $8,551,635.29. The trade was a 48.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,374,261 shares of company stock valued at $44,535,582 in the last 90 days. Corporate insiders own 13.32% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Toast from $24.00 to $30.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $45.00 price target (up from $34.00) on shares of Toast in a research report on Monday, December 2nd. Keefe, Bruyette & Woods increased their price target on Toast from $29.00 to $40.00 and gave the stock a “market perform” rating in a research report on Monday, December 9th. BNP Paribas cut Toast from an “outperform” rating to a “neutral” rating and set a $37.00 price objective for the company. in a report on Wednesday, November 20th. Finally, Royal Bank of Canada upped their target price on Toast from $27.00 to $40.00 and gave the company a “sector perform” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $34.81.

Toast Stock Performance

Shares of NYSE:TOST opened at $38.19 on Wednesday. Toast, Inc. has a 52-week low of $16.13 and a 52-week high of $44.12. The company has a market capitalization of $17.99 billion, a PE ratio of -293.77, a price-to-earnings-growth ratio of 23.40 and a beta of 1.93. The company has a fifty day moving average of $35.57 and a 200-day moving average of $28.81.

Toast Company 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.