Kessler Investment Group LLC Acquires New Holdings in Toast, Inc. (NYSE:TOST)

Kessler Investment Group LLC purchased a new position in Toast, Inc. (NYSE:TOST) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 113,032 shares of the company’s stock, valued at approximately $4,120,000. Toast comprises approximately 2.0% of Kessler Investment Group LLC’s investment portfolio, making the stock its 23rd biggest position.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Toast by 0.8% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 38,632 shares of the company’s stock worth $1,408,000 after purchasing an additional 301 shares during the last quarter. Mirador Capital Partners LP grew its holdings in Toast by 0.9% in the fourth quarter. Mirador Capital Partners LP now owns 41,938 shares of the company’s stock worth $1,529,000 after purchasing an additional 360 shares during the last quarter. Blue Trust Inc. grew its holdings in Toast by 120.4% in the fourth quarter. Blue Trust Inc. now owns 692 shares of the company’s stock worth $25,000 after purchasing an additional 378 shares during the last quarter. D.A. Davidson & CO. grew its holdings in Toast by 1.9% in the third quarter. D.A. Davidson & CO. now owns 22,100 shares of the company’s stock worth $626,000 after purchasing an additional 409 shares during the last quarter. Finally, Private Advisor Group LLC grew its holdings in Toast by 1.6% in the third quarter. Private Advisor Group LLC now owns 28,151 shares of the company’s stock worth $797,000 after purchasing an additional 441 shares during the last quarter. 82.91% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Toast

In related news, CFO Elena Gomez sold 2,052 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total transaction of $81,320.76. Following the completion of the sale, the chief financial officer now owns 160,498 shares of the company’s stock, valued at approximately $6,360,535.74. This represents a 1.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Jonathan Vassil sold 1,006 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total transaction of $39,867.78. Following the sale, the executive now directly owns 48,488 shares of the company’s stock, valued at approximately $1,921,579.44. This represents a 2.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 362,449 shares of company stock valued at $14,538,099 over the last 90 days. Corporate insiders own 13.32% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on TOST. Robert W. Baird lifted their price objective 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. The Goldman Sachs Group lowered their price objective on shares of Toast from $45.00 to $40.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Stephens lifted their price objective on shares of Toast from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. DA Davidson reiterated a “neutral” rating and set a $38.00 price objective (down from $44.00) on shares of Toast in a research note on Thursday, December 5th. Finally, Wedbush lifted their price objective on shares of Toast from $35.00 to $45.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Toast has a consensus rating of “Hold” and an average target price of $36.09.

Toast Price Performance

TOST stock opened at $40.57 on Friday. The firm has a 50-day simple moving average of $38.43 and a 200-day simple moving average of $32.92. Toast, Inc. has a 52 week low of $18.47 and a 52 week high of $44.12.

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.