Toast, Inc. (NYSE:TOST) Shares Acquired by Summit Trail Advisors LLC

Summit Trail Advisors LLC lifted its holdings in shares of Toast, Inc. (NYSE:TOST) by 1.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,184 shares of the company’s stock after acquiring an additional 558 shares during the quarter. Summit Trail Advisors LLC’s holdings in Toast were worth $1,477,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. LRI Investments LLC purchased a new stake in Toast during the 1st quarter worth $27,000. West Branch Capital LLC purchased a new stake in Toast during the 2nd quarter worth $26,000. Toth Financial Advisory Corp purchased a new stake in Toast during the 3rd quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Toast during the 2nd quarter worth $33,000. Finally, 1620 Investment Advisors Inc. purchased a new stake in Toast during the 2nd quarter worth $34,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Toast Trading Up 0.9 %

NYSE TOST opened at $42.74 on Monday. Toast, Inc. has a 1 year low of $13.92 and a 1 year high of $43.29. The firm’s 50 day simple moving average is $31.45 and its 200 day simple moving average is $27.20.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Toast from $24.00 to $30.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Bank of America boosted their target price on shares of Toast from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. DA Davidson boosted their target price on shares of Toast from $35.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Piper Sandler boosted their target price on shares of Toast from $25.00 to $35.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Finally, Wells Fargo & Company boosted their target price on shares of 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 assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $33.86.

Insider Buying and Selling

In related news, President Stephen Fredette sold 101,574 shares of Toast stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $25.73, for a total transaction of $2,613,499.02. Following the transaction, the president now owns 2,395,685 shares of the company’s stock, valued at $61,640,975.05. The trade was a 4.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard Kent Bennett sold 22,885 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $41.96, for a total value of $960,254.60. Following the transaction, the director now owns 395,706 shares in the company, valued at approximately $16,603,823.76. This trade represents a 5.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,498,536 shares of company stock valued at $43,997,467 over the last ninety days. 13.32% of the stock is owned by company insiders.

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.