SG Americas Securities LLC Grows Position in Toast, Inc. $TOST

SG Americas Securities LLC increased its holdings in Toast, Inc. (NYSE:TOST) by 50.6% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 434,176 shares of the company’s stock after buying an additional 145,890 shares during the quarter. SG Americas Securities LLC’s holdings in Toast were worth $11,510,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Wynn Capital LLC lifted its stake in Toast by 2.1% during the 4th quarter. Wynn Capital LLC now owns 13,755 shares of the company’s stock valued at $488,000 after acquiring an additional 280 shares during the period. BOKF NA grew its stake in shares of Toast by 4.5% in the third quarter. BOKF NA now owns 8,023 shares of the company’s stock worth $293,000 after acquiring an additional 345 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Toast by 1.7% in the second quarter. The Manufacturers Life Insurance Company now owns 22,857 shares of the company’s stock worth $1,012,000 after acquiring an additional 380 shares during the period. Seven Mile Advisory raised its holdings in shares of Toast by 3.1% during the third quarter. Seven Mile Advisory now owns 12,689 shares of the company’s stock valued at $463,000 after purchasing an additional 381 shares during the last quarter. Finally, Wisconsin Capital Management LLC raised its holdings in shares of Toast by 0.3% during the third quarter. Wisconsin Capital Management LLC now owns 127,843 shares of the company’s stock valued at $4,668,000 after purchasing an additional 384 shares during the last quarter. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on TOST shares. Wall Street Zen upgraded shares of Toast from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Oppenheimer reiterated an “outperform” rating and set a $36.00 target price on shares of Toast in a research note on Friday, May 8th. Truist Financial lowered their price target on Toast from $36.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Zacks Research raised Toast from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th. Finally, DA Davidson dropped their price target on Toast from $33.00 to $28.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 12th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $37.62.

Toast Stock Up 5.4%

Shares of NYSE:TOST opened at $27.16 on Friday. The firm’s 50 day moving average price is $25.69 and its 200-day moving average price is $28.94. Toast, Inc. has a twelve month low of $22.26 and a twelve month high of $49.66. The stock has a market capitalization of $14.01 billion, a PE ratio of 41.78 and a beta of 1.76.

Insider Activity at Toast

In other news, CRO Jonathan Vassil sold 6,438 shares of Toast stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $26.19, for a total transaction of $168,611.22. Following the transaction, the executive owned 146,618 shares in the company, valued at $3,839,925.42. This trade represents a 4.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Elena Gomez sold 8,929 shares of the business’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $26.19, for a total transaction of $233,850.51. Following the sale, the chief financial officer directly owned 173,064 shares of the company’s stock, valued at approximately $4,532,546.16. The trade was a 4.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 147,783 shares of company stock valued at $3,838,037 in the last three months. Corporate insiders own 10.03% of the company’s stock.

Toast Company Profile

Toast, Inc (NYSE: TOST) is a technology company that builds a cloud-based platform for restaurants and other foodservice businesses. Headquartered in Boston, Massachusetts, Toast offers integrated point-of-sale (POS) systems and a suite of software and hardware designed to streamline front-of-house and back-of-house operations. The company went public in 2021 and has positioned itself as a vertically integrated provider for the restaurant industry.

Toast’s product portfolio includes touchscreen POS terminals and handheld order-and-pay devices, kitchen display systems, and peripherals tailored for high-volume foodservice environments.