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

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

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Makena Capital Management LLC lifted its holdings in Toast by 7.6% during the 3rd quarter. Makena Capital Management LLC now owns 274,392 shares of the company’s stock valued at $7,768,000 after purchasing an additional 19,371 shares during the last quarter. KBC Group NV boosted its holdings in shares of Toast by 66.5% during the 3rd quarter. KBC Group NV now owns 42,838 shares of the company’s stock worth $1,213,000 after buying an additional 17,106 shares during the period. Geode Capital Management LLC grew its stake in Toast by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,865,934 shares of the company’s stock valued at $193,992,000 after buying an additional 155,212 shares during the last quarter. MML Investors Services LLC raised its holdings in Toast by 40.6% in the 3rd quarter. MML Investors Services LLC now owns 228,313 shares of the company’s stock valued at $6,464,000 after acquiring an additional 65,957 shares during the period. Finally, Qsemble Capital Management LP boosted its holdings in shares of Toast by 52.1% during the third quarter. Qsemble Capital Management LP now owns 67,796 shares of the company’s stock worth $1,919,000 after acquiring an additional 23,231 shares during the period. 82.91% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Toast news, CEO Aman Narang sold 1,646 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 $51,157.68. Following the completion of the transaction, the chief executive officer now directly owns 969,970 shares in the company, valued at approximately $30,146,667.60. This represents a 0.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Christopher P. Comparato sold 145,000 shares of Toast stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $36.04, for a total transaction of $5,225,800.00. Following the transaction, the director now owns 182,451 shares in the company, valued at approximately $6,575,534.04. This trade represents a 44.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 562,600 shares of company stock valued at $21,823,932 in the last 90 days. Corporate insiders own 13.32% of the company’s stock.

Toast Stock Performance

Shares of NYSE:TOST opened at $37.76 on Tuesday. Toast, Inc. has a 52-week low of $16.13 and a 52-week high of $44.12. The company has a market capitalization 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. The company has a fifty day moving average of $38.91 and a 200-day moving average of $31.11.

Analyst Upgrades and Downgrades

TOST has been the subject of several research reports. Wells Fargo & Company lifted their price target on Toast from $25.00 to $30.00 and gave the stock an “underweight” rating in a report on Thursday, January 16th. Royal Bank of Canada lifted their target price on Toast from $27.00 to $40.00 and gave the stock a “sector perform” rating in a report on Friday, November 8th. Morgan Stanley upped their price target on shares of Toast from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Toast from $28.00 to $36.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, Piper Sandler increased their target price on shares of Toast from $25.00 to $35.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $35.27.

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.