Toast, Inc. (NYSE:TOST) Shares Sold by Cravens & Co Advisors LLC

Cravens & Co Advisors LLC cut its stake in shares of Toast, Inc. (NYSE:TOST) by 9.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,084 shares of the company’s stock after selling 1,709 shares during the quarter. Cravens & Co Advisors LLC’s holdings in Toast were worth $484,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. LRI Investments LLC acquired a new position in Toast in the first quarter valued at approximately $27,000. West Branch Capital LLC acquired a new position in shares of Toast in the 2nd quarter valued at $26,000. Toth Financial Advisory Corp purchased a new position in shares of Toast in the 3rd quarter valued at $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Toast during the 2nd quarter worth $33,000. Finally, 1620 Investment Advisors Inc. purchased a new stake in Toast in the second quarter valued at $34,000. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Toast

In related news, CEO Aman Narang sold 10,106 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $27.77, for a total value of $280,643.62. Following the completion of the transaction, the chief executive officer now owns 968,095 shares of the company’s stock, valued at approximately $26,883,998.15. The trade was a 1.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard Kent Bennett sold 22,885 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $41.96, for a total transaction of $960,254.60. Following the sale, the director now owns 395,706 shares in the company, valued at approximately $16,603,823.76. This trade represents a 5.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,498,536 shares of company stock valued at $43,997,467 in the last 90 days. 13.32% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

TOST has been the topic of several research reports. Wedbush raised their price objective on Toast from $35.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Robert W. Baird increased 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 price objective on shares of Toast from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Toast from $24.00 to $30.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. 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 note on Tuesday, September 17th. 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $33.86.

Toast Stock Performance

TOST opened at $43.22 on Wednesday. The company has a market cap of $20.36 billion, a price-to-earnings ratio of -332.46, a PEG ratio of 54.80 and a beta of 1.74. Toast, Inc. has a one year low of $14.00 and a one year high of $44.12. The business’s fifty day moving average is $32.11 and its two-hundred day moving average is $27.43.

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.