Calamos Advisors LLC Acquires Shares of 23,865 Toast, Inc. (NYSE:TOST)

Calamos Advisors LLC bought a new position in shares of Toast, Inc. (NYSE:TOST - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 23,865 shares of the company's stock, valued at approximately $792,000.

Other institutional investors also recently modified their holdings of the company. Keel Point LLC grew its position in shares of Toast by 2.7% during the 4th quarter. Keel Point LLC now owns 12,269 shares of the company's stock valued at $447,000 after acquiring an additional 326 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Toast by 11.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,435 shares of the company's stock worth $125,000 after purchasing an additional 358 shares during the period. Piscataqua Savings Bank increased its position in shares of Toast by 57.1% in the first quarter. Piscataqua Savings Bank now owns 1,100 shares of the company's stock worth $36,000 after purchasing an additional 400 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Toast by 19.8% in the fourth quarter. Farther Finance Advisors LLC now owns 2,435 shares of the company's stock valued at $89,000 after purchasing an additional 402 shares in the last quarter. Finally, Legacy Advisors LLC lifted its position in Toast by 1.7% during the first quarter. Legacy Advisors LLC now owns 26,318 shares of the company's stock valued at $873,000 after purchasing an additional 438 shares during the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Richard Kent Bennett sold 9,712 shares of the business's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $43.14, for a total transaction of $418,975.68. Following the sale, the director owned 534,167 shares of the company's stock, valued at $23,043,964.38. The trade was a 1.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Christopher P. Comparato sold 70,000 shares of Toast stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $44.74, for a total transaction of $3,131,800.00. Following the transaction, the director owned 187,140 shares of the company's stock, valued at $8,372,643.60. The trade was a 27.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 468,212 shares of company stock worth $19,551,906 over the last 90 days. Corporate insiders own 13.32% of the company's stock.

Toast Stock Performance

Shares of NYSE TOST traded up $1.25 during mid-day trading on Monday, hitting $44.83. 9,449,139 shares of the stock traded hands, compared to its average volume of 6,751,590. The company has a market cap of $22.33 billion, a price-to-earnings ratio of 194.91 and a beta of 2.00. The stock has a fifty day moving average price of $41.73 and a 200-day moving average price of $38.40. Toast, Inc. has a 52 week low of $22.10 and a 52 week high of $45.56.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on TOST shares. Wall Street Zen cut shares of Toast from a "buy" rating to a "hold" rating in a research report on Saturday. BMO Capital Markets raised their price target on Toast from $44.00 to $45.00 and gave the company an "outperform" rating in a research report on Monday, May 12th. Piper Sandler upped their price objective on Toast from $35.00 to $37.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Wells Fargo & Company increased their price objective on Toast from $39.00 to $46.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Finally, Wolfe Research upgraded Toast from a "peer perform" rating to an "outperform" rating and set a $44.00 target price for the company in a research report on Wednesday, April 23rd. Thirteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, Toast presently has a consensus rating of "Hold" and a consensus target price of $41.21.

Toast Company 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.