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Toast, Inc. (NYSE:TOST - Get Rating) saw some unusual options trading activity on Friday. Stock investors purchased 13,458 call options on the company. This is an increase of 384% compared to the average volume of 2,782 call options.Toast Stock Performance

Shares of Toast stock traded up $2.61 during midday trading on Friday, hitting $20.76. The company's stock had a trading volume of 523,588 shares, compared to its average volume of 4,583,885. Toast has a 1-year low of $11.91 and a 1-year high of $69.93. The stock has a 50-day simple moving average of $14.95 and a 200-day simple moving average of $17.85.

Toast (NYSE:TOST - Get Rating) last announced its earnings results on Thursday, May 12th. The company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.04. The business had revenue of $535.00 million during the quarter, compared to analyst estimates of $487.42 million. On average, sell-side analysts anticipate that Toast will post -0.75 EPS for the current fiscal year. Insider Activity

In other news, major shareholder Technology Investment Dining G sold 945,536 shares of the firm's stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $14.29, for a total transaction of $13,511,709.44. Following the transaction, the insider now directly owns 18,207,825 shares of the company's stock, valued at $260,189,819.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder Technology Investment Dining G sold 945,536 shares of the firm's stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $14.29, for a total transaction of $13,511,709.44. Following the transaction, the insider now directly owns 18,207,825 shares of the company's stock, valued at $260,189,819.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Elena Gomez sold 2,009 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $15.44, for a total transaction of $31,018.96. Following the sale, the chief financial officer now owns 72,959 shares in the company, valued at approximately $1,126,486.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,505,455 shares of company stock valued at $166,305,445. 20.16% of the stock is owned by company insiders. Hedge Funds Weigh In On Toast

A number of large investors have recently modified their holdings of TOST. Evoke Wealth LLC bought a new position in Toast in the 4th quarter valued at about $32,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Toast during the 2nd quarter worth approximately $72,000. Captrust Financial Advisors boosted its position in shares of Toast by 44.8% during the 1st quarter. Captrust Financial Advisors now owns 4,866 shares of the company's stock worth $106,000 after acquiring an additional 1,505 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Toast during the 2nd quarter worth approximately $118,000. Finally, Ellevest Inc. acquired a new stake in shares of Toast during the 1st quarter worth approximately $142,000. 38.86% of the stock is currently owned by institutional investors and hedge funds. Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Morgan Stanley boosted their target price on shares of Toast from $27.00 to $29.00 and gave the company an "overweight" rating in a research note on Friday. Wells Fargo & Company cut their price objective on shares of Toast from $29.00 to $23.00 and set an "overweight" rating for the company in a research note on Thursday, July 14th. Piper Sandler increased their price target on shares of Toast from $22.00 to $26.00 and gave the company an "overweight" rating in a research report on Friday. KeyCorp upped their price objective on shares of Toast from $18.00 to $25.00 and gave the stock an "overweight" rating in a report on Friday. Finally, Credit Suisse Group increased their price target on shares of Toast from $18.00 to $20.50 and gave the stock a "neutral" rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $29.97.About Toast (Get Rating)

Toast, Inc operates a cloud-based and digital technology platform for the restaurant industry in the United States and Ireland. The company offers Toast Point of Sale (POS), a hardware product; Toast Order & Pay, which allows guests to order and pay from their mobile devices; Toast Flex that is used for on-counter order and pay, as well as used as a server station, guest kiosk, kitchen display system, or order fulfillment station; Toast Go, a handheld POS device that enhances the table turn times through tableside ordering and payment acceptance; and Toast Tap, a card reader.Read MoreGet a free copy of the StockNews.com research report on Toast (TOST)Institutions And Analysts Propel Jack In The Box Higher Can You Guess Which EV Stock Is Beating Tesla ?Look at Honeywell for a Steady and Diversified StockWhy Invest in High-Yield Dividend Stocks?Find and Profitably Trade Stocks at 52-Week Lows

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