10,506 Shares in Toast, Inc. (NYSE:TOST) Acquired by Wedmont Private Capital

Wedmont Private Capital bought a new position in Toast, Inc. (NYSE:TOST - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 10,506 shares of the company's stock, valued at approximately $358,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in TOST. Blue Trust Inc. increased its holdings in shares of Toast by 120.4% in the 4th quarter. Blue Trust Inc. now owns 692 shares of the company's stock valued at $25,000 after acquiring an additional 378 shares during the period. Yousif Capital Management LLC bought a new stake in Toast during the fourth quarter valued at about $213,000. Stratos Wealth Partners LTD. bought a new stake in Toast during the fourth quarter valued at about $308,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Toast by 73.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,137 shares of the company's stock valued at $115,000 after purchasing an additional 1,330 shares during the last quarter. Finally, Bleakley Financial Group LLC bought a new position in Toast in the fourth quarter worth about $342,000. Institutional investors own 82.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on TOST shares. Wall Street Zen lowered shares of Toast from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 1st. Royal Bank of Canada boosted their target price on Toast from $40.00 to $45.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 20th. Piper Sandler increased their price target on Toast from $35.00 to $37.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. UBS Group boosted their price target on Toast from $41.00 to $47.00 and gave the stock a "buy" rating in a research note on Thursday, February 20th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Toast from $40.00 to $42.00 and gave the company a "market perform" rating in a research report on Thursday, February 20th. Twelve analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, Toast currently has a consensus rating of "Moderate Buy" and an average price target of $41.21.

Insider Buying and Selling at Toast

In other news, General Counsel Brian R. Elworthy sold 300,000 shares of Toast stock in a transaction dated 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 sale, the general counsel now owns 216,156 shares in the company, valued at $9,208,245.60. This trade represents a 58.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Stephen Fredette sold 44,056 shares of the business's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $35.15, for a total transaction of $1,548,568.40. Following the sale, the president now directly owns 1,447,717 shares of the company's stock, valued at $50,887,252.55. This represents a 2.95% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 629,341 shares of company stock valued at $25,249,141. Corporate insiders own 13.32% of the company's stock.

Toast Trading Down 1.5%

Toast stock traded down $0.66 during mid-day trading on Thursday, hitting $42.57. The company had a trading volume of 1,055,641 shares, compared to its average volume of 6,737,798. The company has a market capitalization of $21.20 billion, a price-to-earnings ratio of -4,252.75, a P/E/G ratio of 2.16 and a beta of 2.02. Toast, Inc. has a 12-month low of $21.32 and a 12-month high of $45.56. The company's fifty day moving average is $38.59 and its 200-day moving average is $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.