Northeast Investment Management Purchases 22,034 Shares of Toast, Inc. (NYSE:TOST)

Northeast Investment Management boosted its holdings in shares of Toast, Inc. (NYSE:TOST - Free Report) by 72.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,325 shares of the company's stock after buying an additional 22,034 shares during the quarter. Northeast Investment Management's holdings in Toast were worth $1,736,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. increased its position in Toast by 120.4% during the fourth quarter. Blue Trust Inc. now owns 692 shares of the company's stock worth $25,000 after buying an additional 378 shares during the last quarter. Stonebridge Financial Group LLC acquired a new position in Toast during the fourth quarter worth approximately $34,000. SBI Securities Co. Ltd. acquired a new position in Toast during the fourth quarter worth approximately $35,000. Wingate Wealth Advisors Inc. acquired a new position in Toast during the fourth quarter worth approximately $40,000. Finally, Piscataqua Savings Bank increased its position in Toast by 57.1% during the first quarter. Piscataqua Savings Bank now owns 1,100 shares of the company's stock worth $36,000 after buying an additional 400 shares during the last quarter. Institutional investors and hedge funds own 82.91% of the company's stock.

Wall Street Analysts Forecast Growth

TOST has been the topic of a number of recent analyst reports. BNP Paribas set a $37.00 price target on Toast and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. Robert W. Baird boosted their price target on Toast from $38.00 to $40.00 and gave the stock a "neutral" rating in a research report on Thursday, February 20th. Truist Financial initiated coverage on Toast in a research note on Monday, June 2nd. They set a "buy" rating and a $48.00 target price on the stock. The Goldman Sachs Group dropped their price target on Toast from $43.00 to $38.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. Finally, Needham & Company LLC reissued a "buy" rating and set a $50.00 price target on shares of Toast in a report on Thursday, February 20th. Twelve investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.21.

Insider Buying and Selling

In other Toast news, Director Richard Kent Bennett sold 9,712 shares of the firm's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $43.14, for a total value of $418,975.68. Following the sale, the director now owns 534,167 shares of the company's stock, valued at approximately $23,043,964.38. This trade represents a 1.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Brian R. Elworthy sold 300,000 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $42.60, for a total value of $12,780,000.00. Following the completion of the sale, the general counsel now directly owns 216,156 shares in the company, valued at approximately $9,208,245.60. This represents a 58.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 629,341 shares of company stock valued at $25,249,141 over the last 90 days. 13.32% of the stock is owned by corporate insiders.

Toast Price Performance

NYSE:TOST traded down $0.69 during trading hours on Thursday, reaching $42.54. 3,515,292 shares of the company were exchanged, compared to its average volume of 6,743,900. The company has a market capitalization of $21.18 billion, a P/E ratio of -4,249.75, a P/E/G ratio of 2.16 and a beta of 2.02. Toast, Inc. has a 1-year low of $21.32 and a 1-year high of $45.56. The business has a 50 day moving average of $38.83 and a 200 day moving average of $38.06.

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.