Toast, Inc. $TOST Holdings Raised by Delta Global Management LP

Delta Global Management LP boosted its stake in shares of Toast, Inc. (NYSE:TOST) by 9.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,141,872 shares of the company’s stock after acquiring an additional 96,071 shares during the period. Toast accounts for approximately 1.8% of Delta Global Management LP’s portfolio, making the stock its 8th biggest position. Delta Global Management LP’s holdings in Toast were worth $40,548,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Central Pacific Bank Trust Division increased its holdings in Toast by 123.5% during the 4th quarter. Central Pacific Bank Trust Division now owns 943 shares of the company’s stock worth $33,000 after purchasing an additional 521 shares during the period. Silicon Valley Capital Partners purchased a new stake in Toast during the 4th quarter worth about $36,000. Quadrant Capital Group LLC increased its holdings in Toast by 2,083.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,048 shares of the company’s stock worth $37,000 after purchasing an additional 1,000 shares during the period. Smartleaf Asset Management LLC increased its holdings in Toast by 59.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,182 shares of the company’s stock worth $44,000 after purchasing an additional 439 shares during the period. Finally, Cornerstone Planning Group LLC increased its holdings in Toast by 8,807.1% during the 4th quarter. Cornerstone Planning Group LLC now owns 1,247 shares of the company’s stock worth $44,000 after purchasing an additional 1,233 shares during the period. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Truist Financial cut their price target on Toast from $36.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. The Goldman Sachs Group cut their price target on Toast from $43.00 to $31.00 and set a “neutral” rating on the stock in a report on Tuesday, February 17th. Morgan Stanley set a $45.00 price target on Toast in a report on Friday, May 8th. Citigroup dropped their price objective on Toast from $42.00 to $36.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Finally, Rothschild & Co Redburn reiterated a “neutral” rating and issued a $35.00 price objective on shares of Toast in a report on Tuesday, May 12th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $37.62.

Toast Stock Performance

TOST opened at $25.07 on Tuesday. Toast, Inc. has a one year low of $22.26 and a one year high of $49.66. The company has a market cap of $12.94 billion, a P/E ratio of 38.58 and a beta of 1.76. The business’s 50-day simple moving average is $25.95 and its 200-day simple moving average is $29.49.

Insiders Place Their Bets

In other news, CRO Jonathan Vassil sold 6,438 shares of the 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 approximately $3,839,925.42. This represents a 4.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Brian R. Elworthy sold 108,000 shares of the stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $25.89, for a total value of $2,796,120.00. Following the completion of the transaction, the general counsel owned 189,642 shares in the company, valued at approximately $4,909,831.38. The trade was a 36.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 147,783 shares of company stock worth $3,838,037. 10.03% of the stock is currently owned by company insiders.

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.