GAMMA Investing LLC Increases Stock Holdings in Toast, Inc. (NYSE:TOST)

GAMMA Investing LLC increased its holdings in Toast, Inc. (NYSE:TOST) by 106.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,784 shares of the company’s stock after purchasing an additional 1,438 shares during the period. GAMMA Investing LLC’s holdings in Toast were worth $101,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Toth Financial Advisory Corp purchased a new stake in Toast during the third quarter valued at about $28,000. Raleigh Capital Management Inc. grew its position in Toast by 93.4% during the third quarter. Raleigh Capital Management Inc. now owns 1,491 shares of the company’s stock valued at $42,000 after acquiring an additional 720 shares during the period. Farther Finance Advisors LLC grew its position in Toast by 32.3% during the third quarter. Farther Finance Advisors LLC now owns 2,033 shares of the company’s stock valued at $58,000 after acquiring an additional 496 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Toast during the third quarter valued at about $59,000. Finally, Truvestments Capital LLC acquired a new position in shares of Toast during the third quarter worth about $65,000. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on TOST shares. Stephens boosted their price objective on Toast from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Robert W. Baird boosted their price objective on Toast from $30.00 to $38.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Piper Sandler boosted their price objective on Toast from $25.00 to $35.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. boosted their price objective on Toast from $28.00 to $36.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, Wedbush boosted their price objective on Toast from $35.00 to $45.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $35.05.

Insider Buying and Selling at Toast

In other Toast news, President Stephen Fredette sold 40,459 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $29.04, for a total transaction of $1,174,929.36. Following the sale, the president now owns 1,700,282 shares in the company, valued at $49,376,189.28. This represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CRO Jonathan Vassil sold 1,367 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $31.08, for a total value of $42,486.36. Following the sale, the executive now owns 39,834 shares in the company, valued at $1,238,040.72. The trade was a 3.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,109,307 shares of company stock worth $38,235,613 over the last quarter. 13.32% of the stock is owned by corporate insiders.

Toast Stock Down 4.0 %

Shares of NYSE TOST opened at $35.72 on Friday. The stock’s 50 day moving average price is $38.43 and its two-hundred day moving average price is $30.50. Toast, Inc. has a 52-week low of $16.13 and a 52-week high of $44.12. The stock has a market capitalization of $16.82 billion, a P/E ratio of -274.77, a PEG ratio of 23.40 and a beta of 1.97.

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.