Entropy Technologies LP Invests $894,000 in Toast, Inc. (NYSE:TOST)

Entropy Technologies LP purchased a new stake in shares of Toast, Inc. (NYSE:TOST) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 31,596 shares of the company’s stock, valued at approximately $894,000.

Several other institutional investors have also recently bought and sold shares of TOST. Northwestern Mutual Wealth Management Co. lifted its position in Toast by 1.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 35,968 shares of the company’s stock worth $927,000 after buying an additional 421 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of Toast by 1.6% in the third quarter. Private Advisor Group LLC now owns 28,151 shares of the company’s stock worth $797,000 after acquiring an additional 441 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Toast by 32.3% during the third quarter. Farther Finance Advisors LLC now owns 2,033 shares of the company’s stock worth $58,000 after purchasing an additional 496 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Toast by 8.4% during the second quarter. Parkside Financial Bank & Trust now owns 6,742 shares of the company’s stock valued at $174,000 after purchasing an additional 520 shares during the last quarter. Finally, Comerica Bank increased its holdings in shares of Toast by 10.9% in the first quarter. Comerica Bank now owns 6,167 shares of the company’s stock valued at $154,000 after purchasing an additional 607 shares in the last quarter. Institutional investors own 82.91% of the company’s stock.

Analyst Ratings Changes

TOST has been the topic of several research reports. JPMorgan Chase & Co. upped their price target on Toast from $28.00 to $36.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Wedbush raised their target price on shares of Toast from $35.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Mizuho raised shares of Toast from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $21.00 to $33.00 in a research note on Thursday, July 18th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Toast from $24.00 to $30.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Finally, Bank of America upped their target price on shares of Toast from $26.00 to $28.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. 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.

Insider Activity at Toast

In other news, Director Christopher P. Comparato sold 100,000 shares of the firm’s 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 transaction, the director now directly owns 120,107 shares of the company’s stock, valued at $2,924,605.45. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CRO Jonathan Vassil sold 1,367 shares of Toast stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $31.08, for a total value of $42,486.36. Following the sale, the executive now owns 39,834 shares of the company’s stock, valued at approximately $1,238,040.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher P. Comparato sold 100,000 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $24.35, for a total value of $2,435,000.00. Following the sale, the director now owns 120,107 shares in the company, valued at $2,924,605.45. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,575,651 shares of company stock valued at $45,472,212. 13.32% of the stock is owned by insiders.

Toast Price Performance

TOST opened at $39.92 on Thursday. The company has a market capitalization of $18.80 billion, a price-to-earnings ratio of -307.08 and a beta of 1.74. The business’s 50-day moving average price is $29.08 and its two-hundred day moving average price is $26.32. Toast, Inc. has a 1 year low of $13.77 and a 1 year high of $40.53.

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.