Stonekeep Investments LLC Invests $273,000 in Toast, Inc. (NYSE:TOST)

Stonekeep Investments LLC purchased a new stake in Toast, Inc. (NYSE:TOST) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 7,494 shares of the company’s stock, valued at approximately $273,000.

Other large investors also recently made changes to their positions in the company. Toth Financial Advisory Corp acquired a new position in Toast in the 3rd quarter valued at $28,000. Raleigh Capital Management Inc. lifted its stake in Toast by 93.4% in the 3rd quarter. Raleigh Capital Management Inc. now owns 1,491 shares of the company’s stock valued at $42,000 after purchasing an additional 720 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Toast by 32.3% in the third quarter. Farther Finance Advisors LLC now owns 2,033 shares of the company’s stock valued at $58,000 after buying an additional 496 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Toast during the 3rd quarter valued at $59,000. Finally, Truvestments Capital LLC bought a new stake in Toast during the 3rd quarter worth $65,000. Institutional investors own 82.91% of the company’s stock.

Toast Stock Up 2.4 %

NYSE:TOST opened at $37.76 on Friday. The stock has a market capitalization of $17.78 billion, a PE ratio of -290.46, a price-to-earnings-growth ratio of 1.83 and a beta of 1.97. Toast, Inc. has a 52 week low of $16.13 and a 52 week high of $44.12. The stock’s 50-day moving average price is $38.91 and its 200-day moving average price is $30.94.

Analyst Upgrades and Downgrades

TOST has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their target price on shares of Toast from $28.00 to $36.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Wells Fargo & Company increased their target price on shares of Toast from $25.00 to $30.00 and gave the company an “underweight” rating in a research report on Thursday. Piper Sandler boosted their price objective on Toast from $25.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. BNP Paribas cut Toast from an “outperform” rating to a “neutral” rating and set a $37.00 price target on the stock. in a report on Wednesday, November 20th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Toast from $29.00 to $40.00 and gave the stock a “market perform” rating in a report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $35.27.

Insider Buying and Selling at Toast

In other news, CFO Elena Gomez sold 1,917 shares of Toast stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $31.08, for a total value of $59,580.36. Following the sale, the chief financial officer now directly owns 159,615 shares of the company’s stock, valued at $4,960,834.20. The trade was a 1.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CRO Jonathan Vassil sold 1,367 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $31.08, for a total transaction of $42,486.36. Following the completion of the sale, the executive now owns 39,834 shares in the company, valued at approximately $1,238,040.72. This trade represents a 3.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 562,600 shares of company stock valued at $21,823,932. Company insiders own 13.32% of the company’s stock.

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.