31,596 Shares in Toast, Inc. (NYSE:TOST) Acquired by Entropy Technologies LP

Entropy Technologies LP acquired a new stake in Toast, Inc. (NYSE:TOST) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 31,596 shares of the company’s stock, valued at approximately $894,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of TOST. LRI Investments LLC bought a new position in shares of Toast in the first quarter valued at about $27,000. West Branch Capital LLC bought a new stake in Toast during the 2nd quarter worth about $26,000. Toth Financial Advisory Corp acquired a new stake in Toast in the 3rd quarter valued at about $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Toast in the second quarter worth about $33,000. Finally, 1620 Investment Advisors Inc. bought a new position in shares of Toast in the second quarter worth about $34,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TOST. The Goldman Sachs Group raised their price target on shares of Toast from $29.00 to $33.00 and gave the company a “buy” rating in a report on Monday, October 14th. Wedbush lifted their target price on Toast from $35.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Royal Bank of Canada boosted their target price on Toast from $27.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Friday, November 8th. Bank of America raised their price target on Toast from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. Finally, Morgan Stanley boosted their price objective on Toast from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Toast has an average rating of “Hold” and a consensus price target of $32.75.

Insiders Place Their Bets

In other news, Director Christopher P. Comparato sold 100,000 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $24.35, for a total transaction of $2,435,000.00. Following the completion of the sale, the director now owns 120,107 shares of the company’s stock, valued at $2,924,605.45. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Toast news, President Stephen Fredette sold 211,686 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $23.57, for a total transaction of $4,989,439.02. Following the completion of the transaction, the president now owns 2,638,023 shares of the company’s stock, valued at $62,178,202.11. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Christopher P. Comparato sold 100,000 shares of Toast stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $24.35, for a total transaction of $2,435,000.00. Following the completion of the sale, the director now owns 120,107 shares in the company, valued at $2,924,605.45. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,575,651 shares of company stock worth $45,472,212. Company insiders own 13.32% of the company’s stock.

Toast Price Performance

NYSE TOST opened at $39.92 on Thursday. Toast, Inc. has a one year low of $13.77 and a one year high of $40.53. The firm has a market cap of $18.80 billion, a P/E ratio of -307.08 and a beta of 1.74. The stock’s 50-day moving average is $29.08 and its 200-day moving average is $26.32.

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.