Toast, Inc. (NYSE:TOST) Shares Acquired by Garde Capital Inc.

Garde Capital Inc. lifted its position in shares of Toast, Inc. (NYSE:TOST) by 13.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,812 shares of the company’s stock after purchasing an additional 450 shares during the period. Garde Capital Inc.’s holdings in Toast were worth $126,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Praxis Investment Management Inc. raised its holdings in Toast by 5.8% in the first quarter. Praxis Investment Management Inc. now owns 13,080 shares of the company’s stock valued at $434,000 after acquiring an additional 720 shares in the last quarter. Proathlete Wealth Management LLC acquired a new stake in Toast in the first quarter valued at $50,000. CWA Asset Management Group LLC acquired a new stake in Toast in the first quarter valued at $226,000. Chicago Capital LLC raised its holdings in Toast by 84.0% in the first quarter. Chicago Capital LLC now owns 15,999 shares of the company’s stock valued at $531,000 after acquiring an additional 7,306 shares in the last quarter. Finally, QRG Capital Management Inc. raised its holdings in Toast by 4.6% in the first quarter. QRG Capital Management Inc. now owns 101,916 shares of the company’s stock valued at $3,381,000 after acquiring an additional 4,481 shares in the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Toast

In related news, Director Richard Kent Bennett sold 9,712 shares of the stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $43.14, for a total value of $418,975.68. Following the completion of the transaction, the director now owns 534,167 shares in the company, valued at $23,043,964.38. This represents a 1.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Christopher P. Comparato sold 70,000 shares of the stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $34.21, for a total transaction of $2,394,700.00. Following the completion of the transaction, the director now owns 179,316 shares of the company’s stock, valued at $6,134,400.36. This represents a 28.08% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 468,212 shares of company stock worth $19,551,906. Insiders own 13.32% of the company’s stock.

Toast Stock Performance

Toast stock opened at $42.37 on Friday. The company has a 50-day simple moving average of $40.00 and a 200-day simple moving average of $38.03. The firm has a market capitalization of $21.10 billion, a P/E ratio of 184.22 and a beta of 2.02. Toast, Inc. has a one year low of $22.10 and a one year high of $45.56.

Analysts Set New Price Targets

Several research firms recently issued reports on TOST. DA Davidson cut their price target on shares of Toast from $42.00 to $40.00 and set a “neutral” rating on the stock in a report on Wednesday, April 30th. The Goldman Sachs Group cut their price target on shares of Toast from $43.00 to $38.00 and set a “neutral” rating on the stock in a report on Wednesday, April 2nd. Evercore ISI started coverage on shares of Toast in a report on Wednesday, April 9th. They issued an “in-line” rating and a $29.00 price target on the stock. Morgan Stanley increased their target price on shares of Toast from $46.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, May 9th. Finally, Wall Street Zen cut shares of Toast from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 1st. Twelve investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $41.21.

Toast 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.