Toast, Inc. (NYSE:TOST) Shares Purchased by Larson Financial Group LLC

Larson Financial Group LLC increased its holdings in shares of Toast, Inc. (NYSE:TOST) by 249.4% in the third quarter, Holdings Channel reports. The firm owned 7,764 shares of the company’s stock after buying an additional 5,542 shares during the period. Larson Financial Group LLC’s holdings in Toast were worth $220,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in Toast by 1.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 35,968 shares of the company’s stock valued at $927,000 after acquiring an additional 421 shares during the period. Private Advisor Group LLC boosted its holdings in Toast by 1.6% during the 3rd quarter. Private Advisor Group LLC now owns 28,151 shares of the company’s stock valued at $797,000 after acquiring an additional 441 shares during the period. CIBC Asset Management Inc boosted its holdings in Toast by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 12,614 shares of the company’s stock valued at $357,000 after acquiring an additional 448 shares during the period. Farther Finance Advisors LLC boosted its holdings in Toast by 32.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,033 shares of the company’s stock valued at $58,000 after acquiring an additional 496 shares during the period. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Toast by 8.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 6,742 shares of the company’s stock valued at $174,000 after buying an additional 520 shares during the period. 82.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director David Yuan sold 189,785 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $43.01, for a total value of $8,162,652.85. Following the transaction, the director now owns 198,829 shares of the company’s stock, valued at approximately $8,551,635.29. The trade was a 48.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Stephen Fredette sold 101,574 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $25.73, for a total value of $2,613,499.02. Following the transaction, the president now directly owns 2,395,685 shares in the company, valued at $61,640,975.05. This represents a 4.07 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,688,321 shares of company stock valued at $52,160,120. Company insiders own 13.32% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Compass Point assumed coverage on Toast in a research note on Wednesday, November 20th. They issued a “buy” rating and a $49.00 price objective for the company. Wedbush lifted their price objective on Toast from $35.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Royal Bank of Canada lifted their price objective on Toast from $27.00 to $40.00 and gave the company a “sector perform” rating in a research note on Friday, November 8th. Wells Fargo & Company lifted their price objective on Toast from $23.00 to $25.00 and gave the company an “underweight” rating in a research note on Friday, November 8th. Finally, Robert W. Baird lifted their price objective on Toast from $30.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $33.86.

Toast Trading Down 0.1 %

NYSE:TOST opened at $43.17 on Thursday. The firm has a market cap of $20.33 billion, a P/E ratio of -332.08, a PEG ratio of 54.80 and a beta of 1.74. The stock’s 50 day simple moving average is $32.11 and its 200-day simple moving average is $27.43. Toast, Inc. has a 12-month low of $14.00 and a 12-month high of $44.12.

Toast 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.