Toast, Inc. (NYSE:TOST) Shares Sold by Cravens & Co Advisors LLC

Cravens & Co Advisors LLC lowered its position in shares of Toast, Inc. (NYSE:TOST) by 9.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 17,084 shares of the company’s stock after selling 1,709 shares during the quarter. Cravens & Co Advisors LLC’s holdings in Toast were worth $484,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Blueshift Asset Management LLC grew its stake in Toast by 1.9% during the third quarter. Blueshift Asset Management LLC now owns 55,754 shares of the company’s stock worth $1,578,000 after buying an additional 1,059 shares during the period. Bridgewater Associates LP boosted its position in Toast by 1,027.5% during the 3rd quarter. Bridgewater Associates LP now owns 560,729 shares of the company’s stock worth $15,874,000 after purchasing an additional 510,998 shares during the period. Townsquare Capital LLC increased its holdings in Toast by 13.5% in the 3rd quarter. Townsquare Capital LLC now owns 9,217 shares of the company’s stock valued at $261,000 after purchasing an additional 1,095 shares in the last quarter. D.A. Davidson & CO. raised its position in Toast by 1.9% in the third quarter. D.A. Davidson & CO. now owns 22,100 shares of the company’s stock valued at $626,000 after purchasing an additional 409 shares during the period. Finally, FMR LLC boosted its position in shares of Toast by 50.5% in the third quarter. FMR LLC now owns 24,449,743 shares of the company’s stock worth $692,172,000 after buying an additional 8,205,053 shares during the period. Institutional investors and hedge funds own 82.91% of the company’s stock.

Toast Trading Up 0.5 %

NYSE:TOST opened at $43.22 on Wednesday. The firm has a market capitalization of $20.36 billion, a PE ratio of -332.46, a price-to-earnings-growth ratio of 54.80 and a beta of 1.74. Toast, Inc. has a 52 week low of $14.00 and a 52 week high of $44.12. The stock has a 50 day moving average of $32.11 and a 200-day moving average of $27.43.

Insiders Place Their Bets

In other news, CEO Aman Narang sold 10,106 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $27.77, for a total value of $280,643.62. Following the completion of the sale, the chief executive officer now owns 968,095 shares in the company, valued at $26,883,998.15. This represents a 1.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, President Stephen Fredette sold 211,686 shares of Toast 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 represents a 7.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,498,536 shares of company stock valued at $43,997,467 over the last three months. Company insiders own 13.32% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on TOST. Needham & Company LLC reissued a “buy” rating and set a $30.00 price target on shares of Toast in a research report on Wednesday, August 7th. Robert W. Baird upped their target price on shares of Toast from $30.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Compass Point began coverage on shares of Toast in a research note on Wednesday, November 20th. They set a “buy” rating and a $49.00 price target on the stock. The Goldman Sachs Group upped their price objective on shares of Toast from $29.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Finally, Wells Fargo & Company lifted their target price on Toast from $23.00 to $25.00 and gave the stock an “underweight” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $33.86.

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.