Richard Kent Bennett Sells 100,000 Shares of Toast, Inc. (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) Director Richard Kent Bennett sold 100,000 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $36.67, for a total value of $3,667,000.00. Following the completion of the sale, the director now owns 418,591 shares of the company’s stock, valued at $15,349,731.97. The trade was a 19.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Toast Stock Up 1.1 %

TOST stock opened at $40.36 on Friday. Toast, Inc. has a twelve month low of $13.77 and a twelve month high of $40.65. The stock has a market capitalization of $19.01 billion, a price-to-earnings ratio of -310.46 and a beta of 1.74. The firm’s fifty day simple moving average is $29.08 and its two-hundred day simple moving average is $26.32.

Hedge Funds Weigh In On Toast

Hedge funds have recently added to or reduced their stakes in the company. LRI Investments LLC purchased a new position in shares of Toast during the first quarter valued at approximately $27,000. West Branch Capital LLC bought a new position in Toast in the 2nd quarter valued at $26,000. Toth Financial Advisory Corp bought a new stake in Toast during the 3rd quarter valued at about $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Toast during the 2nd quarter worth $33,000. Finally, 1620 Investment Advisors Inc. bought a new stake in Toast during the 2nd quarter valued at $34,000. 82.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Bank of America increased their target price on Toast from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. Wedbush lifted their price objective on shares of Toast from $35.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Mizuho raised shares of Toast from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $21.00 to $33.00 in a report on Thursday, July 18th. Robert W. Baird raised their target price on shares of Toast from $30.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, The Goldman Sachs Group boosted their price target on shares of Toast from $29.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $32.75.

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.