Western Wealth Management LLC Makes New $381,000 Investment in Toast, Inc. (NYSE:TOST)

Western Wealth Management LLC acquired a new stake in Toast, Inc. (NYSE:TOST - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 11,498 shares of the company's stock, valued at approximately $381,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. raised its position in Toast by 19.8% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 459,172 shares of the company's stock worth $15,231,000 after purchasing an additional 75,897 shares during the period. Bessemer Group Inc. increased its holdings in shares of Toast by 14.7% in the 1st quarter. Bessemer Group Inc. now owns 35,499 shares of the company's stock valued at $1,177,000 after acquiring an additional 4,554 shares during the period. S.A. Mason LLC raised its position in shares of Toast by 3.4% in the 1st quarter. S.A. Mason LLC now owns 13,905 shares of the company's stock worth $461,000 after acquiring an additional 460 shares in the last quarter. Yorktown Management & Research Co Inc purchased a new stake in shares of Toast during the 1st quarter worth $252,000. Finally, WoodTrust Financial Corp boosted its position in Toast by 2.3% during the first quarter. WoodTrust Financial Corp now owns 45,000 shares of the company's stock valued at $1,492,000 after purchasing an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 82.91% of the company's stock.

Analysts Set New Price Targets

TOST has been the topic of a number of recent analyst reports. Wolfe Research upgraded shares of Toast from a "peer perform" rating to an "outperform" rating and set a $44.00 price target on the stock in a report on Wednesday, April 23rd. Truist Financial initiated coverage on Toast in a report on Monday, June 2nd. They set a "buy" rating and a $48.00 price objective for the company. Wells Fargo & Company upped their price objective on shares of Toast from $39.00 to $46.00 and gave the company an "overweight" rating in a report on Friday, May 9th. The Goldman Sachs Group lowered their price target on Toast from $43.00 to $38.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Finally, Evercore ISI started coverage on shares of Toast in a report on Wednesday, April 9th. They set an "in-line" rating and a $29.00 target price for the company. Twelve investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Toast has an average rating of "Moderate Buy" and a consensus target price of $41.21.

Toast Trading Up 1.1%

Shares of NYSE TOST traded up $0.47 during midday trading on Monday, reaching $44.36. 862,031 shares of the company were exchanged, compared to its average volume of 6,687,265. Toast, Inc. has a 1 year low of $22.10 and a 1 year high of $45.56. The stock has a fifty day simple moving average of $40.87 and a 200 day simple moving average of $38.19. The stock has a market cap of $22.09 billion, a P/E ratio of 193.27 and a beta of 2.02.

Insider Buying and Selling

In other news, General Counsel Brian R. Elworthy sold 300,000 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $42.60, for a total transaction of $12,780,000.00. Following the completion of the transaction, the general counsel now directly owns 216,156 shares of the company's stock, valued at approximately $9,208,245.60. This represents a 58.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Susan Chapman-Hughes sold 7,500 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $44.00, for a total value of $330,000.00. Following the completion of the transaction, the director now owns 23,030 shares of the company's stock, valued at $1,013,320. The trade was a 24.57% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 468,212 shares of company stock valued at $19,551,906 over the last three months. 13.32% of the stock is currently owned by company insiders.

About Toast

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.