Charles Schwab Investment Management Inc. Boosts Stock Holdings in Toast, Inc. (NYSE:TOST)

Charles Schwab Investment Management Inc. boosted its position in Toast, Inc. (NYSE:TOST) by 4.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,783,041 shares of the company’s stock after buying an additional 113,995 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.60% of Toast worth $78,788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. West Branch Capital LLC purchased a new stake in shares of Toast during the 2nd quarter valued at approximately $26,000. LRI Investments LLC bought a new position in shares of Toast in the first quarter worth $27,000. Toth Financial Advisory Corp purchased a new position in shares of Toast in the third quarter valued at $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Toast during the 2nd quarter valued at $33,000. Finally, 1620 Investment Advisors Inc. purchased a new stake in Toast during the 2nd quarter worth about $34,000. 82.91% of the stock is currently owned by institutional investors.

Toast Stock Down 0.1 %

Shares of NYSE:TOST opened at $43.17 on Thursday. The stock has a market cap of $20.33 billion, a PE ratio of -330.08, a PEG ratio of 54.80 and a beta of 1.74. The company’s fifty day moving average is $32.11 and its 200 day moving average is $27.43. Toast, Inc. has a 52 week low of $14.00 and a 52 week high of $44.12.

Analyst Ratings Changes

TOST has been the topic of several analyst reports. Bank of America upped their price target on Toast from $26.00 to $28.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. Deutsche Bank Aktiengesellschaft increased their target price 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. Stephens boosted their price target on shares of Toast from $28.00 to $30.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. Needham & Company LLC reiterated a “buy” rating and issued a $30.00 price objective on shares of Toast in a research report on Wednesday, August 7th. Finally, BNP Paribas cut Toast from an “outperform” rating to a “neutral” rating and set a $37.00 target price for the company. in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $33.86.

Insider Transactions at Toast

In other Toast news, CFO Elena Gomez sold 12,500 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $28.41, for a total transaction of $355,125.00. Following the completion of the sale, the chief financial officer now owns 207,518 shares of the company’s stock, valued at $5,895,586.38. This represents a 5.68 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Stephen Fredette sold 101,574 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $25.73, for a total transaction of $2,613,499.02. Following the completion of the transaction, the president now owns 2,395,685 shares in the company, valued at $61,640,975.05. The trade was a 4.07 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,688,321 shares of company stock worth $52,160,120. Company insiders own 13.32% of the company’s stock.

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.