Truvestments Capital LLC Takes $65,000 Position in Toast, Inc. (NYSE:TOST)

Truvestments Capital LLC acquired a new stake in shares of Toast, Inc. (NYSE:TOST) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 2,279 shares of the company’s stock, valued at approximately $65,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. LRI Investments LLC purchased a new stake in shares of Toast during the 1st quarter valued at $27,000. West Branch Capital LLC acquired a new position in shares of Toast in the 2nd quarter valued at $26,000. Toth Financial Advisory Corp acquired a new position in shares of Toast in the 3rd quarter valued at $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Toast in the 2nd quarter valued at $33,000. Finally, 1620 Investment Advisors Inc. acquired a new position in shares of Toast in the 2nd quarter valued at $34,000. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Analysts Set New Price Targets

TOST has been the topic of several research reports. BNP Paribas downgraded Toast from an “outperform” rating to a “neutral” rating and set a $37.00 target price on the stock. in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft upped their target price on Toast from $24.00 to $30.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Wedbush upped their target price on Toast from $35.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Bank of America increased their price target on Toast from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $30.00 price target on shares of Toast in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $33.86.

Toast Trading Down 0.1 %

Shares of Toast stock opened at $43.17 on Thursday. The firm has a market capitalization of $20.33 billion, a PE ratio of -332.08, a P/E/G ratio of 54.80 and a beta of 1.74. Toast, Inc. has a twelve month low of $14.00 and a twelve month high of $44.12. The firm’s 50-day moving average price is $32.11 and its 200 day moving average price is $27.43.

Insider Activity at Toast

In other Toast news, General Counsel Brian R. Elworthy sold 2,878 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $27.77, for a total value of $79,922.06. Following the transaction, the general counsel now directly owns 177,836 shares of the company’s stock, valued at $4,938,505.72. This trade represents a 1.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Stephen Fredette sold 211,686 shares of the firm’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 directly owns 2,638,023 shares in the company, valued at $62,178,202.11. This trade represents a 7.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,688,321 shares of company stock valued at $52,160,120. 13.32% of the stock is owned by corporate insiders.

Toast Company 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.