Stonekeep Investments LLC Makes New $273,000 Investment in Toast, Inc. (NYSE:TOST)

Stonekeep Investments LLC bought a new stake in Toast, Inc. (NYSE:TOST) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 7,494 shares of the company’s stock, valued at approximately $273,000.

A number of other large investors have also made changes to their positions in the stock. Merit Financial Group LLC purchased a new stake in shares of Toast in the 4th quarter worth about $234,000. Carnegie Investment Counsel purchased a new stake in shares of Toast in the fourth quarter valued at $233,000. Mirador Capital Partners LP boosted its stake in shares of Toast by 0.9% during the fourth quarter. Mirador Capital Partners LP now owns 41,938 shares of the company’s stock valued at $1,529,000 after acquiring an additional 360 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new stake in Toast during the 4th quarter worth about $268,000. Finally, Miracle Mile Advisors LLC raised its stake in Toast by 1,633.9% in the 4th quarter. Miracle Mile Advisors LLC now owns 191,441 shares of the company’s stock valued at $6,978,000 after purchasing an additional 180,400 shares during the last quarter. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. 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 report on Wednesday, November 20th. JPMorgan Chase & Co. lifted their price target on shares of Toast from $28.00 to $36.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Morgan Stanley upped their price objective on Toast from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Wedbush boosted their price target on Toast from $35.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, Piper Sandler lifted their price objective on Toast from $25.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $35.27.

Insider Buying and Selling at Toast

In other Toast news, CEO Aman Narang sold 1,646 shares of Toast 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 sale, the chief executive officer now owns 969,970 shares of the company’s stock, valued at approximately $30,146,667.60. The trade was a 0.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David Yuan sold 189,785 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $43.01, for a total transaction 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 represents a 48.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 562,600 shares of company stock worth $21,823,932. 13.32% of the stock is currently owned by corporate insiders.

Toast Price Performance

NYSE:TOST opened at $37.76 on Friday. The stock’s 50-day moving average is $38.91 and its two-hundred day moving average is $30.94. The stock has a market cap of $17.78 billion, a PE ratio of -290.46, a price-to-earnings-growth ratio of 1.83 and a beta of 1.97. Toast, Inc. has a fifty-two week low of $16.13 and a fifty-two week high of $44.12.

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.