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

Larson Financial Group LLC grew its stake in shares of Toast, Inc. (NYSE:TOST) by 249.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,764 shares of the company’s stock after acquiring an additional 5,542 shares during the quarter. Larson Financial Group LLC’s holdings in Toast were worth $220,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Makena Capital Management LLC increased its holdings in shares of Toast by 7.6% during the third quarter. Makena Capital Management LLC now owns 274,392 shares of the company’s stock valued at $7,768,000 after acquiring an additional 19,371 shares in the last quarter. KBC Group NV increased its holdings in Toast by 66.5% in the 3rd quarter. KBC Group NV now owns 42,838 shares of the company’s stock worth $1,213,000 after buying an additional 17,106 shares during the period. Stephens Investment Management Group LLC increased its holdings in Toast by 13.1% in the 3rd quarter. Stephens Investment Management Group LLC now owns 1,884,771 shares of the company’s stock worth $53,358,000 after buying an additional 218,959 shares during the period. Entropy Technologies LP acquired a new position in Toast in the 3rd quarter worth approximately $894,000. Finally, Quest Partners LLC acquired a new position in Toast in the 3rd quarter worth approximately $1,391,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Toast Stock Down 0.1 %

Shares of TOST opened at $43.17 on Thursday. Toast, Inc. has a 52-week low of $14.00 and a 52-week high of $44.12. The company has a market capitalization of $20.33 billion, a PE ratio of -332.08, a price-to-earnings-growth ratio of 54.80 and a beta of 1.74. The stock has a fifty day simple moving average of $32.11 and a two-hundred day simple moving average of $27.43.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TOST. Wells Fargo & Company increased their price target on shares of Toast from $23.00 to $25.00 and gave the stock an “underweight” rating in a report on Friday, November 8th. Royal Bank of Canada increased their price target on shares of Toast from $27.00 to $40.00 and gave the stock a “sector perform” rating in a report on Friday, November 8th. BNP Paribas downgraded shares of Toast from an “outperform” rating to a “neutral” rating and set a $37.00 price target on the stock. in a report on Wednesday, November 20th. JPMorgan Chase & Co. upped their price objective on Toast from $28.00 to $36.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, Morgan Stanley upped their price objective on Toast from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $33.86.

Insiders Place Their Bets

In other Toast news, Director Richard Kent Bennett sold 100,000 shares of the firm’s 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 directly owns 418,591 shares of the company’s stock, valued at $15,349,731.97. This trade represents a 19.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Stephen Fredette sold 211,686 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $23.57, for a total value of $4,989,439.02. Following the completion of the sale, the president now directly owns 2,638,023 shares of the company’s stock, valued at $62,178,202.11. This trade represents a 7.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,688,321 shares of company stock valued at $52,160,120 in the last three months. 13.32% of the stock is currently owned by insiders.

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.