Bleakley Financial Group LLC Takes $342,000 Position in Toast, Inc. (NYSE:TOST)

Bleakley Financial Group LLC purchased a new position in Toast, Inc. (NYSE:TOST - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 9,394 shares of the company's stock, valued at approximately $342,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TOST. Truist Financial Corp purchased a new stake in shares of Toast during the second quarter worth $618,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Toast during the third quarter worth $82,000. Cascade Investment Group Inc. grew its holdings in shares of Toast by 7.9% during the third quarter. Cascade Investment Group Inc. now owns 10,531 shares of the company's stock worth $298,000 after buying an additional 772 shares in the last quarter. nVerses Capital LLC grew its holdings in shares of Toast by 28.6% during the third quarter. nVerses Capital LLC now owns 36,400 shares of the company's stock worth $1,030,000 after buying an additional 8,100 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Toast by 61.1% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 38,331 shares of the company's stock worth $1,085,000 after buying an additional 14,538 shares in the last quarter. Hedge funds and other institutional investors own 82.91% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TOST shares. Keefe, Bruyette & Woods upped their target price on shares of Toast from $29.00 to $40.00 and gave the stock a "market perform" rating in a report on Monday, December 9th. Stephens upped their price objective on shares of Toast from $28.00 to $30.00 and gave the company an "equal weight" rating in a report on Friday, October 18th. Wedbush upped their price objective on shares of Toast from $35.00 to $45.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Morgan Stanley upped their price objective on shares of Toast from $30.00 to $33.00 and gave the company an "overweight" rating in a report on Tuesday, October 22nd. Finally, Compass Point assumed coverage on shares of Toast in a report on Wednesday, November 20th. They issued a "buy" rating and a $49.00 price objective for the company. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $36.09.

Insider Transactions at Toast

In related news, Director Christopher P. Comparato sold 145,000 shares of the firm's stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $36.04, for a total value of $5,225,800.00. Following the sale, the director now owns 182,451 shares of the company's stock, valued at $6,575,534.04. This trade represents a 44.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Brian R. Elworthy sold 653 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total transaction of $25,878.39. Following the completion of the sale, the general counsel now directly owns 209,206 shares in the company, valued at approximately $8,290,833.78. This trade represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 362,449 shares of company stock valued at $14,538,099. 13.32% of the stock is currently owned by corporate insiders.

Toast Stock Performance

Shares of TOST traded up $0.37 during mid-day trading on Friday, hitting $40.57. 8,107,949 shares of the company's stock were exchanged, compared to its average volume of 4,935,838. The company has a market cap of $19.11 billion, a price-to-earnings ratio of -312.11, a P/E/G ratio of 2.25 and a beta of 1.98. Toast, Inc. has a fifty-two week low of $18.47 and a fifty-two week high of $44.12. The stock's 50-day moving average is $38.43 and its 200-day moving average is $32.97.

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.