Toast, Inc. (NYSE:TOST) Shares Purchased by Manchester Capital Management LLC

Manchester Capital Management LLC lifted its position in Toast, Inc. (NYSE:TOST) by 14,488.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,313 shares of the company’s stock after acquiring an additional 1,304 shares during the period. Manchester Capital Management LLC’s holdings in Toast were worth $48,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in TOST. Blue Trust Inc. boosted its stake in shares of Toast by 120.4% in the fourth quarter. Blue Trust Inc. now owns 692 shares of the company’s stock worth $25,000 after acquiring an additional 378 shares during the last quarter. Piscataqua Savings Bank purchased a new position in Toast during the fourth quarter worth approximately $26,000. Toth Financial Advisory Corp purchased a new position in Toast during the third quarter worth approximately $28,000. Stonebridge Financial Group LLC purchased a new position in Toast during the fourth quarter worth approximately $34,000. Finally, Wingate Wealth Advisors Inc. purchased a new position in Toast during the fourth quarter worth approximately $40,000. 82.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TOST has been the topic of a number of analyst reports. Morgan Stanley lifted 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. JPMorgan Chase & Co. lifted 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. Royal Bank of Canada lifted their target price on Toast from $27.00 to $40.00 and gave the company a “sector perform” rating in a research report on Friday, November 8th. Piper Sandler lifted their target price on Toast from $25.00 to $35.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Finally, BMO Capital Markets initiated coverage on Toast in a research report on Monday, January 6th. They issued an “outperform” rating and a $45.00 target price on the stock. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $36.09.

Toast Price Performance

TOST opened at $40.57 on Friday. Toast, Inc. has a 12 month low of $18.47 and a 12 month high of $44.12. The stock has a market capitalization of $19.11 billion, a price-to-earnings ratio of -312.11, a PEG ratio of 2.25 and a beta of 1.98. The business has a fifty day moving average price of $38.43 and a 200 day moving average price of $32.97.

Insider Transactions at Toast

In related news, General Counsel Brian R. Elworthy sold 653 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total value of $25,878.39. Following the completion of the sale, the general counsel now directly owns 209,206 shares of the company’s stock, valued at $8,290,833.78. This represents a 0.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Stephen Fredette sold 1,068 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 value of $42,324.84. Following the completion of the sale, the president now directly owns 1,644,656 shares of the company’s stock, valued at approximately $65,177,717.28. This trade represents a 0.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 362,449 shares of company stock valued at $14,538,099. 13.32% of the stock is currently owned by corporate 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.