Farther Finance Advisors LLC Boosts Stock Holdings in Toast, Inc. (NYSE:TOST)

Farther Finance Advisors LLC raised its holdings in Toast, Inc. (NYSE:TOST) by 32.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,033 shares of the company’s stock after purchasing an additional 496 shares during the period. Farther Finance Advisors LLC’s holdings in Toast were worth $58,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Stephens Investment Management Group LLC increased its stake in shares of Toast by 13.1% in the third quarter. Stephens Investment Management Group LLC now owns 1,884,771 shares of the company’s stock worth $53,358,000 after purchasing an additional 218,959 shares in the last quarter. QRG Capital Management Inc. boosted its position in shares of Toast by 39.7% in the second quarter. QRG Capital Management Inc. now owns 84,967 shares of the company’s stock valued at $2,190,000 after acquiring an additional 24,164 shares during the period. Epoch Investment Partners Inc. bought a new position in shares of Toast in the first quarter valued at approximately $633,000. International Assets Investment Management LLC boosted its position in shares of Toast by 2,731.0% in the third quarter. International Assets Investment Management LLC now owns 95,971 shares of the company’s stock valued at $2,717,000 after acquiring an additional 92,581 shares during the period. Finally, LRI Investments LLC bought a new position in shares of Toast in the first quarter valued at approximately $27,000. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Toast Stock Up 1.2 %

Shares of NYSE TOST opened at $39.92 on Thursday. Toast, Inc. has a 52 week low of $13.77 and a 52 week high of $40.53. The firm’s fifty day moving average is $29.08 and its 200 day moving average is $26.32. The company has a market cap of $18.80 billion, a price-to-earnings ratio of -307.08 and a beta of 1.74.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TOST. Royal Bank of Canada raised their price objective on shares of Toast from $27.00 to $40.00 and gave the company a “sector perform” rating in a research report on Friday, November 8th. Mizuho upgraded shares of Toast from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $21.00 to $33.00 in a research report on Thursday, July 18th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Toast from $24.00 to $30.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Wedbush lifted their target price on shares of Toast from $35.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, Morgan Stanley lifted their target price on shares of Toast from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $32.75.

Insider Buying and Selling

In related news, President Stephen Fredette sold 211,686 shares of Toast stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $23.57, for a total value of $4,989,439.02. Following the transaction, the president now directly owns 2,638,023 shares of the company’s stock, valued at $62,178,202.11. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Toast news, President Stephen Fredette sold 211,686 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $23.57, for a total transaction of $4,989,439.02. Following the transaction, the president now directly owns 2,638,023 shares of the company’s stock, valued at approximately $62,178,202.11. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher P. Comparato sold 100,000 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $24.35, for a total transaction of $2,435,000.00. Following the transaction, the director now directly owns 120,107 shares in the company, valued at approximately $2,924,605.45. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,575,651 shares of company stock valued at $45,472,212 over the last three months. 13.32% of the stock is owned by company insiders.

Toast 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.