Zurcher Kantonalbank Zurich Cantonalbank Acquires 28,663 Shares of Toast, Inc. (NYSE:TOST)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Toast, Inc. (NYSE:TOST) by 32.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 117,812 shares of the company’s stock after buying an additional 28,663 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Toast were worth $3,335,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of TOST. Tidal Investments LLC bought a new position in Toast in the first quarter worth approximately $244,000. Comerica Bank raised its stake in Toast by 10.9% in the first quarter. Comerica Bank now owns 6,167 shares of the company’s stock worth $154,000 after buying an additional 607 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in Toast by 33.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 36,483 shares of the company’s stock worth $880,000 after buying an additional 9,140 shares in the last quarter. DNB Asset Management AS raised its stake in Toast by 21.6% in the second quarter. DNB Asset Management AS now owns 56,818 shares of the company’s stock worth $1,464,000 after buying an additional 10,097 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in Toast in the second quarter worth $33,000. Institutional investors own 82.91% of the company’s stock.

Analyst Ratings Changes

TOST has been the topic of several analyst reports. Wedbush lifted their price target on shares of Toast from $35.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Robert W. Baird lifted their price target on shares of Toast from $30.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Stephens lifted their price target on shares of Toast from $28.00 to $30.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. Piper Sandler lifted their price target on shares of Toast from $25.00 to $35.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Finally, Royal Bank of Canada lifted their price target 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 analyst has rated the stock with a sell rating, eleven have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Toast has a consensus rating of “Hold” and a consensus target price of $34.43.

Insider Activity at Toast

In other Toast news, Director David Yuan sold 189,785 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $43.01, for a total value of $8,162,652.85. Following the completion of the transaction, the director now owns 198,829 shares in the company, valued at approximately $8,551,635.29. This represents a 48.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard Kent Bennett sold 22,885 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $41.96, for a total transaction of $960,254.60. Following the completion of the transaction, the director now owns 395,706 shares of the company’s stock, valued at approximately $16,603,823.76. This trade represents a 5.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,688,321 shares of company stock worth $52,160,120 over the last three months. Company insiders own 13.32% of the company’s stock.

Toast Price Performance

NYSE TOST opened at $42.43 on Wednesday. The company has a market capitalization of $19.98 billion, a PE ratio of -326.38, a P/E/G ratio of 53.99 and a beta of 1.93. The company has a fifty day moving average of $33.67 and a 200 day moving average of $27.99. Toast, Inc. has a 1 year low of $14.45 and a 1 year high of $44.12.

About Toast

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.