Sumitomo Mitsui Trust Group Inc. Purchases 89,316 Shares of Toast, Inc. $TOST

Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Toast, Inc. (NYSE:TOST) by 1.3% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 6,950,962 shares of the company’s stock after acquiring an additional 89,316 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Toast were worth $201,508,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in TOST. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Toast during the third quarter worth about $32,000. Aviance Capital Partners LLC increased its holdings in Toast by 9.7% in the 3rd quarter. Aviance Capital Partners LLC now owns 25,343 shares of the company’s stock worth $735,000 after buying an additional 2,235 shares during the period. Profund Advisors LLC increased its holdings in Toast by 5.3% in the 3rd quarter. Profund Advisors LLC now owns 11,226 shares of the company’s stock worth $325,000 after buying an additional 568 shares during the period. ProShare Advisors LLC acquired a new position in Toast in the 3rd quarter worth approximately $584,000. Finally, Vise Technologies Inc. raised its position in Toast by 134.6% during the 3rd quarter. Vise Technologies Inc. now owns 18,578 shares of the company’s stock worth $539,000 after buying an additional 10,659 shares during the last quarter. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Analysts Set New Price Targets

TOST has been the subject of several research reports. Wells Fargo & Company lifted their price objective on shares of Toast from $36.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. BMO Capital Markets increased their price objective on shares of Toast from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Sanford C. Bernstein raised their target price on shares of Toast from $39.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Truist Financial decreased their target price on shares of Toast from $39.00 to $38.00 and set a “buy” rating for the company in a research report on Monday, October 19th. Finally, Oppenheimer upped their price target on shares of Toast from $36.00 to $38.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Seventeen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.11.

Insiders Place Their Bets

In other news, CFO Elena Gomez sold 16,176 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $35.29, for a total transaction of $570,851.04. Following the sale, the chief financial officer directly owned 168,974 shares of the company’s stock, valued at $5,963,092.46. This represents a 8.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Aman Narang sold 124,542 shares of Toast stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $35.29, for a total value of $4,395,087.18. Following the completion of the transaction, the chief executive officer owned 175,458 shares of the company’s stock, valued at approximately $6,191,912.82. This represents a 41.51% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 520,550 shares of company stock worth $18,096,931. Company insiders own 10.03% of the company’s stock.

Trending Headlines about Toast

Here are the key news stories impacting Toast this week:

• Positive Sentiment: Wall Street broker recommendations remain broadly supportive, suggesting analysts view Toast as a potentially attractive investment despite the recent controversy. Investor sentiment could benefit if the company maintains its growth outlook. Toast Is Considered a Good Investment by Brokers
• Positive Sentiment: Analysts expect third-quarter 2026 results to show continued customer growth, higher payment volumes and greater software adoption. These trends could support revenue growth and demonstrate ongoing demand for Toast’s platform, although investors will also focus on margins and costs. Toast Q3 Earnings Preview
• Neutral Sentiment: Toast shares remain above their 200-day moving average but below the 52-week high, reflecting a stock with positive longer-term momentum but elevated volatility. The company’s beta of 1.74 also indicates that legal and earnings news may produce outsized price swings.
• Neutral Sentiment: Unusually high investor attention—including heavy online searches and the vesting of 3,566 restricted stock units held by Anutthara Bharadwaj—may increase trading activity, but neither development by itself materially changes Toast’s fundamentals. Investors Search Toast
• Negative Sentiment: Trading in Toast put options rose about 36% above average, signaling increased demand for downside protection or bearish speculation ahead of the lawsuit and earnings updates.
• Negative Sentiment: The FTC and state lawsuits are likely to weigh on Toast’s valuation in the near term because potential financial liabilities, compliance changes and reputational damage could offset otherwise solid operating growth. FTC Sues Toast

Toast Trading Up 0.0%

Shares of NYSE:TOST opened at $31.69 on Monday. Toast, Inc. has a 12-month low of $22.26 and a 12-month high of $39.67. The business has a 50 day moving average of $32.06 and a two-hundred day moving average of $29.40. The company has a market capitalization of $16.29 billion, a PE ratio of 40.63 and a beta of 1.74.

Toast (NYSE:TOST) last posted its earnings results on Tuesday, August 4th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.06). Toast had a net margin of 7.14% and a return on equity of 23.90%. The firm had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same period last year, the firm earned $0.13 earnings per share. Toast’s revenue for the quarter was up 23.1% compared to the same quarter last year. Equities research analysts predict that Toast, Inc. will post 1.00 earnings per share for the current fiscal year.

About Toast

Toast, Inc (NYSE:TOST) provides a cloud-based technology platform designed for restaurants. Its integrated system combines point-of-sale software and hardware with payment processing, helping restaurants manage sales, orders, menus, guest interactions and day-to-day operations from a unified platform.

The company offers products and services including online ordering, delivery management, digital ordering and payment tools, restaurant websites, gift cards, loyalty programs, marketing, labor management, payroll, inventory management, reporting and analytics.