Meiji Yasuda Life Insurance Co Sells 1,000 Shares of Toast, Inc. (NYSE:TOST)

Meiji Yasuda Life Insurance Co lessened its holdings in Toast, Inc. (NYSE:TOST) by 4.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,900 shares of the company’s stock after selling 1,000 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in Toast were worth $546,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Whale Rock Capital Management LLC bought a new stake in shares of Toast in the 1st quarter worth about $179,111,000. Norges Bank bought a new stake in shares of Toast in the 4th quarter worth about $76,699,000. Meritage Group LP bought a new stake in shares of Toast in the 4th quarter worth about $70,270,000. Capital International Investors grew its holdings in shares of Toast by 12.2% in the 1st quarter. Capital International Investors now owns 32,924,082 shares of the company’s stock worth $820,468,000 after purchasing an additional 3,574,397 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Toast by 21.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,524,700 shares of the company’s stock worth $486,557,000 after purchasing an additional 3,445,788 shares during the last quarter. Institutional investors own 82.91% of the company’s stock.

Toast Trading Up 0.8 %

Shares of NYSE:TOST traded up $0.20 during mid-day trading on Wednesday, reaching $26.16. The stock had a trading volume of 4,940,840 shares, compared to its average volume of 7,839,879. The firm has a market cap of $11.85 billion, a PE ratio of -51.94 and a beta of 1.76. The firm has a 50 day simple moving average of $24.85 and a two-hundred day simple moving average of $23.27. Toast, Inc. has a twelve month low of $13.77 and a twelve month high of $27.90.

Toast (NYSE:TOST) last posted its earnings results on Tuesday, May 7th. The company reported ($0.15) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.15). Toast had a negative return on equity of 21.45% and a negative net margin of 6.02%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the business earned ($0.16) EPS. Toast’s revenue for the quarter was up 31.3% compared to the same quarter last year. On average, equities analysts anticipate that Toast, Inc. will post -0.14 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Christopher P. Comparato sold 90,000 shares of the business’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $26.54, for a total transaction of $2,388,600.00. Following the transaction, the director now directly owns 112,282 shares in the company, valued at $2,979,964.28. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, Director Christopher P. Comparato sold 90,000 shares of the business’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $26.54, for a total transaction of $2,388,600.00. Following the transaction, the director now directly owns 112,282 shares in the company, valued at $2,979,964.28. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CRO Jonathan Vassil sold 100,000 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $25.55, for a total transaction of $2,555,000.00. Following the transaction, the executive now owns 31,919 shares in the company, valued at $815,530.45. The disclosure for this sale can be found here. In the last three months, insiders sold 368,455 shares of company stock valued at $9,410,466. 13.32% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on TOST shares. The Goldman Sachs Group upped their target price on shares of Toast from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Mizuho upgraded shares of Toast from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $21.00 to $33.00 in a research report on Thursday, July 18th. Wedbush reiterated an “outperform” rating and set a $30.00 price target on shares of Toast in a research report on Thursday, May 30th. Needham & Company LLC reiterated a “buy” rating and set a $30.00 price target on shares of Toast in a research report on Thursday, May 30th. Finally, Wells Fargo & Company upped their price target on shares of Toast from $17.00 to $19.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $26.65.

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.