David Yuan Sells 189,785 Shares of Toast, Inc. (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) Director David Yuan sold 189,785 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $43.01, for a total value of $8,162,652.85. Following the completion of the sale, the director now owns 198,829 shares in the company, valued at $8,551,635.29. This trade represents a 48.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Toast Stock Down 0.1 %

Shares of NYSE TOST traded down $0.04 during mid-day trading on Wednesday, reaching $43.17. 4,875,142 shares of the company were exchanged, compared to its average volume of 7,415,222. Toast, Inc. has a twelve month low of $14.00 and a twelve month high of $44.12. The stock has a market capitalization of $20.33 billion, a P/E ratio of -330.08, a P/E/G ratio of 54.80 and a beta of 1.74. The company’s 50-day simple moving average is $32.11 and its 200-day simple moving average is $27.43.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on TOST shares. JPMorgan Chase & Co. raised their price target on Toast from $28.00 to $36.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Wedbush boosted their target price on Toast from $35.00 to $45.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Wells Fargo & Company increased their price target on Toast from $23.00 to $25.00 and gave the stock an “underweight” rating in a report on Friday, November 8th. BNP Paribas lowered shares of Toast from an “outperform” rating to a “neutral” rating and set a $37.00 target price for the company. in a research note on Wednesday, November 20th. Finally, Bank of America boosted their price objective on shares of Toast from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Toast currently has a consensus rating of “Hold” and a consensus price target of $33.86.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Advisors Asset Management Inc. boosted its stake in Toast by 38.2% in the first quarter. Advisors Asset Management Inc. now owns 4,086 shares of the company’s stock valued at $102,000 after buying an additional 1,130 shares in the last quarter. Silvercrest Asset Management Group LLC increased its position in Toast by 40.3% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 38,500 shares of the company’s stock worth $959,000 after purchasing an additional 11,061 shares in the last quarter. Tidal Investments LLC acquired a new position in Toast during the 1st quarter worth approximately $244,000. Comerica Bank lifted its stake in Toast by 10.9% in the 1st quarter. Comerica Bank now owns 6,167 shares of the company’s stock valued at $154,000 after purchasing an additional 607 shares during the last quarter. Finally, LBP AM SA acquired a new stake in Toast in the first quarter valued at approximately $466,000. 82.91% of the stock is owned by institutional investors.

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.