Northeast Investment Management Has $362,000 Stake in Toast, Inc. $TOST

Northeast Investment Management trimmed its holdings in Toast, Inc. (NYSE:TOST) by 82.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 13,671 shares of the company’s stock after selling 62,755 shares during the quarter. Northeast Investment Management’s holdings in Toast were worth $362,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Bayban acquired a new stake in shares of Toast in the 4th quarter valued at $25,000. Strive Financial Group LLC acquired a new position in Toast during the fourth quarter worth $29,000. SHP Wealth Management acquired a new position in Toast during the fourth quarter worth $29,000. Central Pacific Bank Trust Division raised its holdings in Toast by 123.5% during the fourth quarter. Central Pacific Bank Trust Division now owns 943 shares of the company’s stock valued at $33,000 after buying an additional 521 shares in the last quarter. Finally, Silicon Valley Capital Partners acquired a new stake in shares of Toast in the fourth quarter worth about $36,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on TOST. DA Davidson decreased their price target on Toast from $33.00 to $28.00 and set a “neutral” rating for the company in a research note on Tuesday, May 12th. Citigroup reduced their target price on Toast from $42.00 to $36.00 and set a “buy” rating for the company in a report on Friday, May 8th. Oppenheimer reaffirmed an “outperform” rating and set a $36.00 target price on shares of Toast in a research report on Friday, May 8th. UBS Group dropped 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. Finally, Truist Financial reduced their price objective on shares of Toast from $36.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Toast has a consensus rating of “Moderate Buy” and an average target price of $37.62.

Insider Buying and Selling

In related news, CRO Jonathan Vassil sold 6,438 shares of the stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $26.19, for a total value of $168,611.22. Following the completion of the sale, the executive owned 146,618 shares in the company, valued at approximately $3,839,925.42. This trade represents a 4.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Aman Narang sold 13,463 shares of the business’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $26.19, for a total value of $352,595.97. Following the transaction, the chief executive officer owned 54,013 shares in the company, valued at $1,414,600.47. This represents a 19.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 147,783 shares of company stock worth $3,838,037. 10.03% of the stock is currently owned by corporate insiders.

Toast Stock Down 1.0%

Shares of NYSE:TOST opened at $25.77 on Friday. The business has a 50 day moving average price of $25.71 and a 200 day moving average price of $28.95. The company has a market cap of $13.30 billion, a price-to-earnings ratio of 39.65 and a beta of 1.76. Toast, Inc. has a twelve month low of $22.26 and a twelve 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.