Toast, Inc. $TOST Position Lifted by Capital Impact Advisors LLC

Capital Impact Advisors LLC increased its stake in Toast, Inc. (NYSE:TOST) by 492.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,409,764 shares of the company’s stock after buying an additional 1,171,802 shares during the period. Toast accounts for about 3.9% of Capital Impact Advisors LLC’s portfolio, making the stock its 6th largest position. Capital Impact Advisors LLC owned 0.24% of Toast worth $50,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in TOST. Central Pacific Bank Trust Division grew its holdings in Toast by 123.5% during the 4th quarter. Central Pacific Bank Trust Division now owns 943 shares of the company’s stock worth $33,000 after acquiring an additional 521 shares in the last quarter. Silicon Valley Capital Partners bought a new position in Toast during the 4th quarter worth about $36,000. Quadrant Capital Group LLC grew its holdings in Toast by 2,083.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,048 shares of the company’s stock worth $37,000 after acquiring an additional 1,000 shares in the last quarter. EFG International AG bought a new position in Toast during the 4th quarter worth about $42,000. Finally, Smartleaf Asset Management LLC grew its holdings in Toast by 59.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,182 shares of the company’s stock worth $44,000 after acquiring an additional 439 shares in the last quarter. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Insiders Place Their Bets

In other news, General Counsel Brian R. Elworthy sold 108,000 shares of the firm’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $25.89, for a total value of $2,796,120.00. Following the sale, the general counsel directly owned 189,642 shares in the company, valued at approximately $4,909,831.38. This trade represents a 36.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Stephen Fredette sold 7,289 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $26.19, for a total transaction of $190,898.91. Following the completion of the sale, the president owned 920,985 shares in the company, valued at $24,120,597.15. This represents a 0.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 147,783 shares of company stock worth $3,838,037. Insiders own 10.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Citigroup dropped their target price on shares of Toast from $42.00 to $36.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Wall Street Zen upgraded shares of Toast from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Toast in a report on Wednesday, May 20th. Zacks Research upgraded shares of Toast from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Toast in a report on Monday, June 1st. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $37.62.

Toast Stock Performance

NYSE:TOST opened at $24.43 on Thursday. Toast, Inc. has a fifty-two week low of $22.26 and a fifty-two week high of $49.66. The stock has a market capitalization of $12.60 billion, a P/E ratio of 37.58 and a beta of 1.76. The company’s 50-day simple moving average is $25.87 and its 200-day simple moving average is $29.36.

Toast 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.