Mirador Capital Partners LP Boosts Stock Position in Toast, Inc. (NYSE:TOST)

Mirador Capital Partners LP boosted its holdings in Toast, Inc. (NYSE:TOST) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,938 shares of the company’s stock after purchasing an additional 360 shares during the period. Mirador Capital Partners LP’s holdings in Toast were worth $1,529,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of TOST. Toth Financial Advisory Corp purchased a new position in Toast in the third quarter worth $28,000. Raleigh Capital Management Inc. lifted its position in shares of Toast by 93.4% during the 3rd quarter. Raleigh Capital Management Inc. now owns 1,491 shares of the company’s stock valued at $42,000 after buying an additional 720 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Toast by 32.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,033 shares of the company’s stock valued at $58,000 after buying an additional 496 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Toast during the 3rd quarter valued at $59,000. Finally, Truvestments Capital LLC purchased a new position in shares of Toast during the 3rd quarter valued at $65,000. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Wall Street Analysts Forecast Growth

TOST has been the topic of a number of recent research reports. Piper Sandler upped their price target on Toast from $25.00 to $35.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Keefe, Bruyette & Woods boosted their price objective on Toast from $29.00 to $40.00 and gave the company a “market perform” rating in a research note on Monday, December 9th. DA Davidson reiterated a “neutral” rating and set a $38.00 price objective (down from $44.00) on shares of Toast in a research note on Thursday, December 5th. Compass Point began coverage on Toast in a research note on Wednesday, November 20th. They issued a “buy” rating and a $49.00 target price on the stock. Finally, The Goldman Sachs Group dropped their target price on Toast from $45.00 to $40.00 and set a “neutral” rating for the company in a report on Friday, January 10th. One 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. According to MarketBeat.com, Toast has a consensus rating of “Hold” and a consensus price target of $35.05.

Insiders Place Their Bets

In other news, Director David Yuan sold 189,785 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $43.01, for a total value of $8,162,652.85. Following the transaction, the director now directly owns 198,829 shares in the company, valued at $8,551,635.29. This trade represents a 48.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Christopher P. Comparato sold 145,000 shares of the firm’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $36.04, for a total value of $5,225,800.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 943,848 shares of company stock valued at $33,409,434. Corporate insiders own 13.32% of the company’s stock.

Toast Stock Up 0.1 %

TOST stock opened at $36.63 on Thursday. Toast, Inc. has a twelve month low of $16.13 and a twelve month high of $44.12. The firm has a market cap of $17.25 billion, a PE ratio of -281.77, a price-to-earnings-growth ratio of 1.83 and a beta of 1.97. The business has a 50 day moving average of $38.82 and a 200 day moving average of $30.82.

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.