Citigroup Inc. Has $7.84 Million Holdings in Toast, Inc. (NYSE:TOST)

Citigroup Inc. boosted its holdings in shares of Toast, Inc. (NYSE:TOST) by 8.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 276,974 shares of the company’s stock after purchasing an additional 21,675 shares during the period. Citigroup Inc.’s holdings in Toast were worth $7,841,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its stake in Toast by 38.2% during the 1st quarter. Advisors Asset Management Inc. now owns 4,086 shares of the company’s stock worth $102,000 after purchasing an additional 1,130 shares in the last quarter. Tidal Investments LLC bought a new stake in shares of Toast during the first quarter worth $244,000. Comerica Bank raised its holdings in shares of Toast by 10.9% during the first quarter. Comerica Bank now owns 6,167 shares of the company’s stock worth $154,000 after acquiring an additional 607 shares during the period. LRI Investments LLC bought a new stake in Toast in the 1st quarter valued at $27,000. Finally, DekaBank Deutsche Girozentrale boosted its stake in Toast by 33.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 36,483 shares of the company’s stock worth $880,000 after purchasing an additional 9,140 shares during the period. 82.91% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Toast

In other Toast news, President Stephen Fredette sold 101,574 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $25.73, for a total transaction of $2,613,499.02. Following the transaction, the president now owns 2,395,685 shares in the company, valued at $61,640,975.05. This trade represents a 4.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David Yuan sold 189,785 shares of Toast stock in a transaction on Monday, November 25th. The stock was sold at an average price of $43.01, for a total value of $8,162,652.85. Following the sale, the director now directly owns 198,829 shares of the company’s stock, valued at $8,551,635.29. This represents a 48.84 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,688,321 shares of company stock worth $52,160,120. 13.32% of the stock is owned by insiders.

Toast Price Performance

TOST stock opened at $43.54 on Friday. Toast, Inc. has a one year low of $14.45 and a one year high of $44.12. The stock has a market cap of $20.51 billion, a price-to-earnings ratio of -334.92, a price-to-earnings-growth ratio of 55.03 and a beta of 1.74. The company has a fifty day moving average price of $33.09 and a two-hundred day moving average price of $27.77.

Wall Street Analyst Weigh In

TOST has been the topic of several recent research reports. DA Davidson lifted their price target on Toast from $35.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Wells Fargo & Company lifted their target price on Toast from $23.00 to $25.00 and gave the company an “underweight” rating in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft boosted their target price on Toast from $24.00 to $30.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Stephens raised their price target on shares of Toast from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Finally, BNP Paribas lowered shares of Toast from an “outperform” rating to a “neutral” rating and set a $37.00 price objective on the stock. in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Toast presently has a consensus rating of “Hold” and a consensus price target of $33.86.

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.