Entropy Technologies LP Acquires Shares of 31,596 Toast, Inc. (NYSE:TOST)

Entropy Technologies LP purchased a new position in Toast, Inc. (NYSE:TOST - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 31,596 shares of the company's stock, valued at approximately $894,000.

Other institutional investors also recently bought and sold shares of the company. Lisanti Capital Growth LLC boosted its stake in Toast by 43.0% during the 3rd quarter. Lisanti Capital Growth LLC now owns 60,245 shares of the company's stock valued at $1,706,000 after purchasing an additional 18,125 shares during the last quarter. Kampmann Melissa S. boosted its position in shares of Toast by 28.9% during the third quarter. Kampmann Melissa S. now owns 56,120 shares of the company's stock valued at $1,589,000 after buying an additional 12,590 shares during the last quarter. Lewis Asset Management LLC increased its holdings in Toast by 3.7% in the 3rd quarter. Lewis Asset Management LLC now owns 40,679 shares of the company's stock worth $1,152,000 after buying an additional 1,451 shares in the last quarter. WoodTrust Financial Corp raised its position in Toast by 4.8% in the 3rd quarter. WoodTrust Financial Corp now owns 44,000 shares of the company's stock worth $1,245,000 after buying an additional 2,000 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its stake in Toast by 10.2% during the 3rd quarter. QRG Capital Management Inc. now owns 93,664 shares of the company's stock valued at $2,652,000 after acquiring an additional 8,697 shares during the period. 82.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TOST. Robert W. Baird lifted their price target on shares of Toast from $30.00 to $38.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. Stephens lifted their target price on shares of Toast from $28.00 to $30.00 and gave the stock an "equal weight" rating in a research report on Friday, October 18th. Piper Sandler increased their price target on Toast from $25.00 to $35.00 and gave the company a "neutral" rating in a report on Monday. DA Davidson raised their price target on Toast from $35.00 to $44.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, Bank of America upped their price objective on Toast from $26.00 to $28.00 and gave the company a "neutral" rating in a research report on Tuesday, September 17th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $32.75.

Insider Buying and Selling at Toast

In related news, President Stephen Fredette sold 211,686 shares of the business's stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $23.57, for a total value of $4,989,439.02. Following the transaction, the president now directly owns 2,638,023 shares of the company's stock, valued at approximately $62,178,202.11. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, President Stephen Fredette sold 211,686 shares of the firm's stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $23.57, for a total transaction of $4,989,439.02. Following the completion of the transaction, the president now directly owns 2,638,023 shares of the company's stock, valued at approximately $62,178,202.11. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard Kent Bennett sold 100,000 shares of the business's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $36.67, for a total transaction of $3,667,000.00. Following the completion of the sale, the director now owns 418,591 shares in the company, valued at approximately $15,349,731.97. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,575,651 shares of company stock valued at $45,472,212 over the last ninety days. 13.32% of the stock is currently owned by company insiders.

Toast Price Performance

Shares of TOST stock traded up $0.32 on Thursday, hitting $40.24. 2,668,934 shares of the stock traded hands, compared to its average volume of 7,285,942. The firm has a market cap of $18.95 billion, a price-to-earnings ratio of -307.08 and a beta of 1.74. The firm has a 50 day simple moving average of $29.08 and a two-hundred day simple moving average of $26.32. Toast, Inc. has a 52 week low of $13.77 and a 52 week high of $40.65.

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.