Night Squared LP grew its holdings in Toast, Inc. (NYSE:TOST – Free Report) by 15.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 156,326 shares of the company’s stock after purchasing an additional 20,577 shares during the period. Night Squared LP’s holdings in Toast were worth $5,551,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Central Pacific Bank Trust Division raised its position in shares of Toast by 123.5% in the fourth quarter. Central Pacific Bank Trust Division now owns 943 shares of the company’s stock valued at $33,000 after purchasing an additional 521 shares during the period. Silicon Valley Capital Partners bought a new stake in shares of Toast in the fourth quarter valued at approximately $36,000. Quadrant Capital Group LLC raised its position in shares of Toast by 2,083.3% in the fourth quarter. Quadrant Capital Group LLC now owns 1,048 shares of the company’s stock valued at $37,000 after purchasing an additional 1,000 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Toast by 59.1% in the third quarter. Smartleaf Asset Management LLC now owns 1,182 shares of the company’s stock valued at $44,000 after purchasing an additional 439 shares during the period. Finally, Cornerstone Planning Group LLC raised its position in shares of Toast by 8,807.1% in the fourth quarter. Cornerstone Planning Group LLC now owns 1,247 shares of the company’s stock valued at $44,000 after purchasing an additional 1,233 shares during the period. Institutional investors own 82.91% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on TOST. Weiss Ratings reissued a “hold (c)” rating on shares of Toast in a research report on Wednesday, May 20th. Wall Street Zen raised shares of Toast from a “hold” rating to a “buy” rating in a research report on Saturday. UBS Group lowered their price target on shares of Toast from $40.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Oppenheimer reissued an “outperform” rating and issued a $36.00 price target on shares of Toast in a research report on Friday, May 8th. Finally, Rothschild & Co Redburn reissued a “neutral” rating and issued a $35.00 price target on shares of Toast in a research report on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $37.62.
Insider Activity at Toast
In related news, CFO Elena Gomez sold 8,929 shares of the business’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $26.19, for a total transaction of $233,850.51. Following the completion of the transaction, the chief financial officer owned 173,064 shares of the company’s stock, valued at approximately $4,532,546.16. The trade was a 4.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Stephen Fredette sold 7,289 shares of the business’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $26.19, for a total transaction of $190,898.91. Following the transaction, the president directly owned 920,985 shares of the company’s stock, valued at approximately $24,120,597.15. This represents a 0.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 147,783 shares of company stock valued at $3,838,037 in the last quarter. 10.03% of the stock is currently owned by company insiders.
Toast Trading Down 0.1%
Shares of NYSE:TOST opened at $25.02 on Wednesday. The company has a 50 day moving average of $25.92 and a 200 day moving average of $29.43. The stock has a market cap of $12.91 billion, a P/E ratio of 38.49 and a beta of 1.76. Toast, Inc. has a 12 month low of $22.26 and a 12 month high of $49.66.
Toast Company Profile
Toast, Inc (NYSE: TOST) is a technology company that builds a cloud-based platform for restaurants and other foodservice businesses. Headquartered in Boston, Massachusetts, Toast offers integrated point-of-sale (POS) systems and a suite of software and hardware designed to streamline front-of-house and back-of-house operations. The company went public in 2021 and has positioned itself as a vertically integrated provider for the restaurant industry.
Toast’s product portfolio includes touchscreen POS terminals and handheld order-and-pay devices, kitchen display systems, and peripherals tailored for high-volume foodservice environments.
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