Yorktown Management & Research Co Inc Invests $252,000 in Toast, Inc. (NYSE:TOST)

Yorktown Management & Research Co Inc acquired a new stake in shares of Toast, Inc. (NYSE:TOST - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 7,600 shares of the company's stock, valued at approximately $252,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Blue Trust Inc. increased its position 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 purchasing an additional 378 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Toast in the fourth quarter valued at about $35,000. Piscataqua Savings Bank lifted its stake in shares of Toast by 57.1% in 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 in the last quarter. West Branch Capital LLC boosted its position in Toast by 862.1% during the first quarter. West Branch Capital LLC now owns 1,116 shares of the company's stock worth $37,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Proathlete Wealth Management LLC purchased a new stake in Toast during the 1st quarter valued at about $50,000. Institutional investors and hedge funds own 82.91% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Wall Street Zen cut Toast from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 1st. BMO Capital Markets upped their target price on Toast from $44.00 to $45.00 and gave the company an "outperform" rating in a report on Monday, May 12th. Truist Financial began coverage on Toast in a report on Monday, June 2nd. They set a "buy" rating and a $48.00 price target on the stock. 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. Finally, Morgan Stanley raised their price objective on shares of Toast from $46.00 to $50.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Twelve analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Toast currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.21.

Insider Buying and Selling at Toast

In other news, Director Susan Chapman-Hughes sold 7,500 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $44.00, for a total value of $330,000.00. Following the completion of the sale, the director now directly owns 23,030 shares of the company's stock, valued at approximately $1,013,320. This represents a 24.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Brian R. Elworthy sold 300,000 shares of the business's 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 completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 468,212 shares of company stock worth $19,551,906 over the last ninety days. Corporate insiders own 13.32% of the company's stock.

Toast Price Performance

Shares of TOST traded up $1.36 during midday trading on Tuesday, reaching $44.72. The stock had a trading volume of 9,011,646 shares, compared to its average volume of 6,634,593. The company has a market cap of $22.27 billion, a price-to-earnings ratio of 194.42 and a beta of 2.02. The company's fifty day simple moving average is $40.17 and its two-hundred day simple moving average is $38.07. Toast, Inc. has a 1-year low of $22.10 and a 1-year high of $45.56.

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.