49,150 Shares in Toast, Inc. (NYSE:TOST) Acquired by Quest Partners LLC

Quest Partners LLC purchased a new stake in Toast, Inc. (NYSE:TOST - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 49,150 shares of the company's stock, valued at approximately $1,391,000.

A number of other hedge funds also recently modified their holdings of TOST. West Branch Capital LLC acquired a new position in Toast in the second quarter worth about $26,000. LRI Investments LLC bought a new position in shares of Toast during the 1st quarter worth approximately $27,000. Toth Financial Advisory Corp bought a new position in shares of Toast during the 3rd quarter worth approximately $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Toast in the 2nd quarter valued at $33,000. Finally, 1620 Investment Advisors Inc. bought a new position in Toast during the 2nd quarter valued at about $34,000. Institutional investors own 82.91% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Wedbush boosted their price objective on Toast from $35.00 to $45.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. JPMorgan Chase & Co. upped their price target on shares of Toast from $28.00 to $36.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. Bank of America raised their price objective on shares of Toast from $26.00 to $28.00 and gave the company a "neutral" rating in a research report on Tuesday, September 17th. Morgan Stanley upped their target price on shares of Toast from $30.00 to $33.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 22nd. Finally, Piper Sandler raised their price target on shares of Toast from $25.00 to $35.00 and gave the company a "neutral" rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, Toast presently has an average rating of "Hold" and an average price target of $33.86.

Toast Stock Down 0.0 %

Shares of TOST stock traded down $0.01 during trading on Wednesday, reaching $42.49. The company's stock had a trading volume of 10,952,535 shares, compared to its average volume of 7,346,083. Toast, Inc. has a one year low of $13.77 and a one year high of $42.85. The business has a fifty day moving average price of $30.45 and a 200-day moving average price of $26.83. The company has a market cap of $20.01 billion, a price-to-earnings ratio of -326.92, a price-to-earnings-growth ratio of 51.74 and a beta of 1.74.

Insider Activity at Toast

In other news, President Stephen Fredette sold 211,686 shares of the business's stock in a transaction dated 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 transaction, the president now directly owns 2,638,023 shares in the company, valued at $62,178,202.11. The trade was a 7.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Aman Narang sold 10,106 shares of Toast stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $27.77, for a total value of $280,643.62. Following the transaction, the chief executive officer now owns 968,095 shares of the company's stock, valued at $26,883,998.15. The trade was a 1.03 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,475,651 shares of company stock valued at $43,037,212. Insiders own 13.32% of the company's stock.

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.