Toast, Inc. (NYSE:TOST) Stake Lifted by GSA Capital Partners LLP

GSA Capital Partners LLP increased its position in shares of Toast, Inc. (NYSE:TOST) by 179.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,064 shares of the company’s stock after purchasing an additional 34,090 shares during the period. GSA Capital Partners LLP’s holdings in Toast were worth $1,502,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. West Branch Capital LLC acquired a new position in shares of Toast during the 2nd quarter valued at $26,000. LRI Investments LLC bought a new position in Toast during the first quarter valued at about $27,000. Toth Financial Advisory Corp acquired a new position in Toast during the third quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Toast in the second quarter worth about $33,000. Finally, 1620 Investment Advisors Inc. acquired a new stake in Toast in the 2nd quarter valued at about $34,000. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Toast Trading Up 1.2 %

NYSE TOST opened at $39.92 on Thursday. Toast, Inc. has a 1-year low of $13.77 and a 1-year high of $40.53. The firm’s fifty day simple moving average is $29.08 and its 200-day simple moving average is $26.32. The company has a market capitalization of $18.80 billion, a PE ratio of -307.08 and a beta of 1.74.

Insider Buying and Selling at Toast

In other news, President Stephen Fredette sold 211,686 shares of Toast stock in a transaction dated 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 sale, the president now directly owns 2,638,023 shares in the company, valued at $62,178,202.11. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Toast news, Director Richard Kent Bennett sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $36.67, for a total transaction of $3,667,000.00. Following the transaction, the director now directly owns 418,591 shares in the company, valued at $15,349,731.97. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Stephen Fredette sold 211,686 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $23.57, for a total value of $4,989,439.02. Following the completion of the sale, the president now directly 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 disclosure for this sale can be found here. Insiders have sold 1,575,651 shares of company stock worth $45,472,212 over the last 90 days. 13.32% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TOST. Morgan Stanley boosted their target price on shares of Toast from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Wells Fargo & Company upped their price target on Toast from $23.00 to $25.00 and gave the company an “underweight” rating in a report on Friday, November 8th. The Goldman Sachs Group raised their price objective on Toast from $29.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Robert W. Baird boosted their target price on Toast from $30.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. increased their price target on Toast from $28.00 to $36.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Toast has an average rating of “Hold” and an average target price of $32.75.

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.