LVW Advisors LLC Makes New $295,000 Investment in Toast, Inc. (NYSE:TOST)

LVW Advisors LLC bought a new position in Toast, Inc. (NYSE:TOST) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 8,098 shares of the company’s stock, valued at approximately $295,000.

Other institutional investors also recently modified their holdings of the company. American Century Companies Inc. raised its position in Toast by 25.5% in the 2nd quarter. American Century Companies Inc. now owns 27,844 shares of the company’s stock worth $718,000 after purchasing an additional 5,651 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Toast by 46.5% during the second quarter. Envestnet Asset Management Inc. now owns 333,013 shares of the company’s stock valued at $8,582,000 after acquiring an additional 105,739 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Toast by 6.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,161,572 shares of the company’s stock valued at $29,933,000 after acquiring an additional 68,875 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Toast in the second quarter worth about $2,879,000. Finally, Mercer Global Advisors Inc. ADV raised its holdings in Toast by 10.2% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 53,353 shares of the company’s stock worth $1,375,000 after purchasing an additional 4,950 shares during the last quarter. 82.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on TOST. BNP Paribas lowered shares of Toast from an “outperform” rating to a “neutral” rating and set a $37.00 target price on the stock. in a research note on Wednesday, November 20th. Wedbush lifted their target price on shares of Toast from $35.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Wells Fargo & Company increased their price target on Toast from $25.00 to $30.00 and gave the company an “underweight” rating in a research note on Thursday, January 16th. Stephens lifted 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. Finally, BMO Capital Markets initiated coverage on Toast in a research note on Monday, January 6th. They issued an “outperform” rating and a $45.00 target price on the stock. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $35.27.

Toast Trading Up 2.4 %

Shares of TOST opened at $37.76 on Tuesday. The stock has a market capitalization of $17.78 billion, a price-to-earnings ratio of -290.46, a PEG ratio of 1.83 and a beta of 1.97. Toast, Inc. has a 12 month low of $16.13 and a 12 month high of $44.12. The firm has a fifty day simple moving average of $38.91 and a 200 day simple moving average of $31.11.

Insiders Place Their Bets

In other news, CFO Elena Gomez sold 1,917 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $31.08, for a total transaction of $59,580.36. Following the sale, the chief financial officer now owns 159,615 shares in the company, valued at $4,960,834.20. This represents a 1.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Aman Narang sold 1,646 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $31.08, for a total transaction of $51,157.68. Following the completion of the transaction, the chief executive officer now directly owns 969,970 shares of the company’s stock, valued at $30,146,667.60. This represents a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 562,600 shares of company stock valued at $21,823,932 in the last three months. 13.32% of the stock is currently owned by corporate 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.