Regatta Capital Group LLC Boosts Holdings in Toast, Inc. (NYSE:TOST)

Regatta Capital Group LLC grew its holdings in shares of Toast, Inc. (NYSE:TOST) by 9.7% in the 1st quarter, Holdings Channel reports. The fund owned 12,392 shares of the company’s stock after acquiring an additional 1,094 shares during the period. Regatta Capital Group LLC’s holdings in Toast were worth $411,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TOST. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Toast by 0.8% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 38,632 shares of the company’s stock worth $1,408,000 after purchasing an additional 301 shares during the last quarter. Keel Point LLC raised its position in shares of Toast by 2.7% during the 4th quarter. Keel Point LLC now owns 12,269 shares of the company’s stock valued at $447,000 after acquiring an additional 326 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Toast by 11.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,435 shares of the company’s stock valued at $125,000 after purchasing an additional 358 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Toast by 120.4% in the 4th quarter. Blue Trust Inc. now owns 692 shares of the company’s stock worth $25,000 after acquiring an additional 378 shares during the period. Finally, Piscataqua Savings Bank boosted its position in Toast by 57.1% during the 1st quarter. Piscataqua Savings Bank now owns 1,100 shares of the company’s stock worth $36,000 after acquiring an additional 400 shares during the period. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Insider Transactions at Toast

In other news, President Stephen Fredette sold 47,073 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $35.03, for a total transaction of $1,648,967.19. Following the completion of the sale, the president now owns 1,491,773 shares in the company, valued at $52,256,808.19. The trade was a 3.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Paul D. Bell sold 11,000 shares of Toast stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $45.13, for a total value of $496,430.00. Following the sale, the director now directly owns 229,680 shares of the company’s stock, valued at approximately $10,365,458.40. The trade was a 4.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 646,651 shares of company stock worth $25,640,334 in the last ninety days. Insiders own 13.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on TOST shares. BMO Capital Markets upped their price objective on Toast from $44.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, May 12th. Wolfe Research raised shares of Toast from a “peer perform” rating to an “outperform” rating and set a $44.00 price target for the company in a research report on Wednesday, April 23rd. Royal Bank of Canada raised their price target on Toast from $40.00 to $45.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 20th. Evercore ISI started coverage on shares of Toast in a research report on Wednesday, April 9th. They set an “in-line” rating and a $29.00 target price on the stock. Finally, Morgan Stanley raised their target price on Toast from $46.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, May 9th. Twelve analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Toast has a consensus rating of “Moderate Buy” and a consensus price target of $41.21.

Toast Trading Up 2.9%

NYSE:TOST opened at $44.06 on Monday. The stock has a market capitalization of $21.94 billion, a PE ratio of -4,401.60, a P/E/G ratio of 2.16 and a beta of 2.02. The firm has a fifty day simple moving average of $37.97 and a 200 day simple moving average of $37.99. Toast, Inc. has a 1-year low of $21.32 and a 1-year high of $45.56.

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.