Chicago Capital LLC Has $531,000 Holdings in Toast, Inc. (NYSE:TOST)

Chicago Capital LLC raised its holdings in Toast, Inc. (NYSE:TOST - Free Report) by 84.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,999 shares of the company's stock after buying an additional 7,306 shares during the period. Chicago Capital LLC's holdings in Toast were worth $531,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in TOST. Yousif Capital Management LLC bought a new stake in shares of Toast during the 4th quarter worth about $213,000. Asset Management One Co. Ltd. lifted its position in Toast by 13.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 138,734 shares of the company's stock worth $5,203,000 after acquiring an additional 16,489 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Toast by 120.4% during the fourth quarter. Blue Trust Inc. now owns 692 shares of the company's stock worth $25,000 after acquiring an additional 378 shares during the period. Rhumbline Advisers boosted its holdings in shares of Toast by 0.7% during the fourth quarter. Rhumbline Advisers now owns 582,626 shares of the company's stock worth $21,237,000 after acquiring an additional 4,084 shares during the period. Finally, Principal Securities Inc. grew its position in shares of Toast by 48.4% in the fourth quarter. Principal Securities Inc. now owns 1,769 shares of the company's stock valued at $64,000 after purchasing an additional 577 shares during the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.

Toast Stock Performance

Toast stock opened at $42.47 on Wednesday. Toast, Inc. has a 52 week low of $22.10 and a 52 week high of $45.56. The stock has a market capitalization of $21.15 billion, a P/E ratio of 184.64 and a beta of 2.02. The stock has a fifty day moving average of $39.48 and a 200-day moving average of $38.00.

Insider Transactions at Toast

In other Toast news, Director Richard Kent Bennett sold 9,712 shares of the company's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $43.14, for a total value of $418,975.68. Following the completion of the transaction, the director now owns 534,167 shares of the company's stock, valued at $23,043,964.38. This represents a 1.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Paul D. Bell sold 11,000 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $45.13, for a total value of $496,430.00. Following the sale, the director now owns 229,680 shares in the company, valued at approximately $10,365,458.40. This trade represents a 4.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 538,212 shares of company stock valued at $22,051,606. 13.32% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wolfe Research raised Toast from a "peer perform" rating to an "outperform" rating and set a $44.00 price target for the company in a report on Wednesday, April 23rd. Canaccord Genuity Group lifted their target price on Toast from $43.00 to $48.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. Royal Bank Of Canada boosted their target price on shares of Toast from $40.00 to $45.00 and gave the company a "sector perform" rating in a research report on Thursday, February 20th. Wells Fargo & Company upped their price target on shares of Toast from $39.00 to $46.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Finally, BNP Paribas set a $37.00 price objective on shares of Toast and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. Twelve equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock 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.

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