6,256 Shares in Toast, Inc. (NYSE:TOST) Purchased by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC purchased a new stake in Toast, Inc. (NYSE:TOST - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 6,256 shares of the company's stock, valued at approximately $208,000.

Other hedge funds have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its holdings in Toast by 14.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 26,106 shares of the company's stock worth $866,000 after buying an additional 3,355 shares in the last quarter. West Branch Capital LLC raised its stake in Toast by 862.1% during the 1st quarter. West Branch Capital LLC now owns 1,116 shares of the company's stock worth $37,000 after acquiring an additional 1,000 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in Toast during the 1st quarter worth $177,000. Northeast Investment Management raised its stake in Toast by 72.7% during the 1st quarter. Northeast Investment Management now owns 52,325 shares of the company's stock worth $1,736,000 after acquiring an additional 22,034 shares in the last quarter. Finally, Handelsbanken Fonder AB raised its stake in Toast by 13.5% during the 1st quarter. Handelsbanken Fonder AB now owns 113,400 shares of the company's stock worth $3,761,000 after acquiring an additional 13,500 shares in the last quarter. Hedge funds and other institutional investors own 82.91% of the company's stock.

Toast Stock Performance

Shares of TOST stock traded down $0.21 on Friday, hitting $42.37. The stock had a trading volume of 6,167,562 shares, compared to its average volume of 6,627,969. The firm has a market capitalization of $21.10 billion, a price-to-earnings ratio of 184.22 and a beta of 2.02. The stock's 50 day moving average is $40.00 and its 200-day moving average is $38.03. Toast, Inc. has a 52-week low of $22.10 and a 52-week high of $45.56.

Insider Activity

In other Toast news, Director Susan Chapman-Hughes sold 7,500 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $44.00, for a total transaction of $330,000.00. Following the sale, the director now directly owns 23,030 shares of the company's stock, valued at approximately $1,013,320. This represents a 24.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher P. Comparato sold 70,000 shares of the stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $34.21, for a total transaction of $2,394,700.00. Following the sale, the director now directly owns 179,316 shares in the company, valued at $6,134,400.36. This trade represents a 28.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 468,212 shares of company stock worth $19,551,906. 13.32% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have issued reports on TOST. Wells Fargo & Company raised their price objective on shares of Toast from $39.00 to $46.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Wall Street Zen cut shares of Toast from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 1st. BMO Capital Markets lifted their target price on shares of Toast from $44.00 to $45.00 and gave the stock an "outperform" rating in a research report on Monday, May 12th. Evercore ISI started coverage on shares of Toast in a research report on Wednesday, April 9th. They set an "in-line" rating and a $29.00 target price for the company. Finally, Wolfe Research raised shares of Toast from a "peer perform" rating to an "outperform" rating and set a $44.00 price objective for the company in a research report on Wednesday, April 23rd. Twelve investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Toast presently has an average rating of "Moderate Buy" and an average target price 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.