Brown Advisory Inc. Buys 689 Shares of Toast, Inc. (NYSE:TOST)

Brown Advisory Inc. boosted its stake in shares of Toast, Inc. (NYSE:TOST) by 1.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,862 shares of the company’s stock after buying an additional 689 shares during the quarter. Brown Advisory Inc.’s holdings in Toast were worth $1,389,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wayfinding Financial LLC bought a new stake in Toast during the 1st quarter valued at about $34,000. Piscataqua Savings Bank lifted its holdings in Toast by 57.1% during the 1st quarter. Piscataqua Savings Bank now owns 1,100 shares of the company’s stock valued at $36,000 after buying an additional 400 shares in the last quarter. West Branch Capital LLC lifted its holdings in Toast by 862.1% during the 1st quarter. West Branch Capital LLC now owns 1,116 shares of the company’s stock valued at $37,000 after buying an additional 1,000 shares in the last quarter. Proathlete Wealth Management LLC bought a new stake in shares of Toast in the 1st quarter valued at about $50,000. Finally, LRI Investments LLC raised its holdings in shares of Toast by 51.6% in the 4th quarter. LRI Investments LLC now owns 1,516 shares of the company’s stock valued at $55,000 after purchasing an additional 516 shares in the last quarter. Institutional investors own 82.91% of the company’s stock.

Toast Price Performance

NYSE:TOST opened at $43.40 on Monday. The firm has a market capitalization of $21.61 billion, a P/E ratio of 188.70 and a beta of 2.00. Toast, Inc. has a 1-year low of $22.10 and a 1-year high of $46.57. The company’s fifty day moving average price is $42.57 and its 200-day moving average price is $38.62.

Insider Activity

In related news, CEO Aman Narang sold 13,829 shares of the firm’s stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $42.59, for a total transaction of $588,977.11. Following the completion of the transaction, the chief executive officer owned 302,498 shares of the company’s stock, valued at $12,883,389.82. This trade represents a 4.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Christopher P. Comparato sold 70,000 shares of the firm’s stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $44.74, for a total transaction of $3,131,800.00. Following the transaction, the director directly owned 187,140 shares of the company’s stock, valued at approximately $8,372,643.60. This trade represents a 27.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 536,131 shares of company stock valued at $22,443,551 over the last quarter. Insiders own 13.32% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on TOST. Morgan Stanley boosted their price target on shares of Toast from $46.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, May 9th. Wells Fargo & Company boosted their price target on shares of Toast from $39.00 to $46.00 and gave the company an “overweight” rating in a report on Friday, May 9th. Piper Sandler boosted their price target on shares of Toast from $35.00 to $37.00 and gave the company a “neutral” rating in a report on Friday, May 9th. BMO Capital Markets boosted their price target on shares of Toast from $44.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, May 12th. Finally, Evercore ISI assumed coverage on shares of Toast in a report on Wednesday, April 9th. They issued an “in-line” rating and a $29.00 price target for the company. Thirteen research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Toast currently has an average rating of “Hold” and an average target price of $41.21.

About Toast

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.