Toast, Inc. $TOST Shares Sold by Northeast Investment Management

Northeast Investment Management decreased its holdings in shares of Toast, Inc. (NYSE:TOST) by 82.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,671 shares of the company’s stock after selling 62,755 shares during the period. Northeast Investment Management’s holdings in Toast were worth $362,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Wynn Capital LLC boosted its holdings in Toast by 2.1% during the fourth quarter. Wynn Capital LLC now owns 13,755 shares of the company’s stock worth $488,000 after buying an additional 280 shares in the last quarter. BOKF NA increased its holdings in shares of Toast by 4.5% in the third quarter. BOKF NA now owns 8,023 shares of the company’s stock valued at $293,000 after buying an additional 345 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in shares of Toast by 0.5% in the first quarter. Fifth Third Wealth Advisors LLC now owns 67,909 shares of the company’s stock valued at $1,800,000 after buying an additional 358 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Toast by 1.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,857 shares of the company’s stock valued at $1,012,000 after acquiring an additional 380 shares during the last quarter. Finally, Seven Mile Advisory lifted its position in shares of Toast by 3.1% during the 3rd quarter. Seven Mile Advisory now owns 12,689 shares of the company’s stock valued at $463,000 after acquiring an additional 381 shares during the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

Insider Buying and Selling

In other news, CRO Jonathan Vassil sold 6,438 shares of the company’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $26.19, for a total value of $168,611.22. Following the transaction, the executive owned 146,618 shares in the company, valued at $3,839,925.42. This represents a 4.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Stephen Fredette sold 7,289 shares of the stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $26.19, for a total transaction of $190,898.91. Following the completion of the sale, the president directly owned 920,985 shares of the company’s stock, valued at $24,120,597.15. This trade represents a 0.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 147,783 shares of company stock worth $3,838,037 over the last ninety days. 10.03% of the stock is currently owned by corporate insiders.

Toast Trading Down 1.0%

Shares of Toast stock opened at $25.77 on Friday. The stock has a 50-day moving average price of $25.71 and a 200 day moving average price of $28.95. The company has a market cap of $13.30 billion, a P/E ratio of 39.65 and a beta of 1.76. Toast, Inc. has a 1 year low of $22.26 and a 1 year high of $49.66.

Wall Street Analysts Forecast Growth

TOST has been the topic of a number of recent analyst reports. Wall Street Zen raised Toast from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Mizuho decreased their price target on Toast from $45.00 to $38.00 and set an “outperform” rating for the company in a research report on Tuesday, May 12th. BMO Capital Markets reissued an “outperform” rating on shares of Toast in a research note on Monday, June 1st. Zacks Research upgraded Toast from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th. Finally, Rothschild & Co Redburn reaffirmed a “neutral” rating and set a $35.00 price objective on shares of Toast in a research note on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.62.

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.