CWA Asset Management Group LLC Purchases New Position in Toast, Inc. (NYSE:TOST)

CWA Asset Management Group LLC purchased a new stake in Toast, Inc. (NYSE:TOST - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm purchased 6,818 shares of the company's stock, valued at approximately $226,000.

A number of other hedge funds have also modified their holdings of the company. Chicago Capital LLC raised its position in shares of Toast by 84.0% in the 1st quarter. Chicago Capital LLC now owns 15,999 shares of the company's stock valued at $531,000 after acquiring an additional 7,306 shares during the period. QRG Capital Management Inc. raised its position in shares of Toast by 4.6% in the 1st quarter. QRG Capital Management Inc. now owns 101,916 shares of the company's stock valued at $3,381,000 after acquiring an additional 4,481 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Toast by 554.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 255,191 shares of the company's stock valued at $8,465,000 after acquiring an additional 216,227 shares during the period. Fairvoy Private Wealth LLC raised its position in shares of Toast by 10.3% in the 1st quarter. Fairvoy Private Wealth LLC now owns 29,142 shares of the company's stock valued at $967,000 after acquiring an additional 2,731 shares during the period. Finally, Dynamic Advisor Solutions LLC bought a new stake in Toast during the 1st quarter worth approximately $208,000. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Toast

In other Toast news, Director Paul D. Bell sold 11,000 shares of the firm's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $45.13, for a total transaction of $496,430.00. Following the completion of the sale, the director now owns 229,680 shares of the company's stock, valued at $10,365,458.40. This trade represents a 4.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Susan Chapman-Hughes sold 7,500 shares of the firm's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $44.00, for a total value of $330,000.00. Following the sale, the director now directly owns 23,030 shares of the company's stock, valued at $1,013,320. This represents a 24.57% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 468,212 shares of company stock valued at $19,551,906. 13.32% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. The Goldman Sachs Group lowered their target price on Toast from $43.00 to $38.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Wells Fargo & Company increased their target price on Toast from $39.00 to $46.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Evercore ISI assumed coverage on Toast in a research note on Wednesday, April 9th. They set an "in-line" rating and a $29.00 target price for the company. Piper Sandler increased their target price on Toast from $35.00 to $37.00 and gave the stock a "neutral" rating in a research note on Friday, May 9th. Finally, Truist Financial assumed coverage on Toast in a research note on Monday, June 2nd. They set a "buy" rating and a $48.00 target price for the company. Twelve investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $41.21.

Toast Trading Down 0.5%

NYSE:TOST opened at $42.37 on Friday. Toast, Inc. has a 1-year low of $22.10 and a 1-year high of $45.56. The firm has a fifty day simple moving average of $40.00 and a 200 day simple moving average of $38.03. The stock has a market capitalization of $21.10 billion, a PE ratio of 184.22 and a beta of 2.02.

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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