By otakuyassine3@gmail.com 
Farther Finance Advisors LLC increased its stake in shares of Toast, Inc. (NYSE:TOST – Free Report) by 19.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,435 shares of the company’s stock after buying an additional 402 shares during the quarter. Farther Finance Advisors LLC’s holdings in Toast were worth $89,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in TOST. Blue Trust Inc. grew its holdings in shares of Toast by 120.4% during the fourth quarter. Blue Trust Inc. now owns 692 shares of the company’s stock valued at $25,000 after buying an additional 378 shares during the last quarter. Piscataqua Savings Bank purchased a new stake in Toast in the fourth quarter valued at $26,000. Stonebridge Financial Group LLC purchased a new stake in Toast in the fourth quarter valued at $34,000. SBI Securities Co. Ltd. purchased a new stake in Toast in the fourth quarter valued at $35,000. Finally, Wingate Wealth Advisors Inc. purchased a new stake in Toast in the fourth quarter valued at $40,000. 82.91% of the stock is owned by hedge funds and other institutional investors.
Toast Trading Down 1.9 %
Shares of NYSE TOST opened at $35.20 on Friday. Toast, Inc. has a 12-month low of $21.32 and a 12-month high of $44.12. The stock has a market cap of $17.39 billion, a PE ratio of -3,516.78, a P/E/G ratio of 2.16 and a beta of 1.99. The company has a 50-day moving average of $37.82 and a 200 day moving average of $34.99.
Toast (NYSE:TOST – Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). Toast had a net margin of 0.40% and a return on equity of 1.54%. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.32 billion. On average, sell-side analysts forecast that Toast, Inc. will post 0.39 EPS for the current fiscal year.
Analyst Ratings Changes
Several research firms have commented on TOST. Wells Fargo & Company upped their price target on shares of Toast from $25.00 to $30.00 and gave the company an “underweight” rating in a report on Thursday, January 16th. Oppenheimer assumed coverage on shares of Toast in a report on Friday, January 24th. They issued an “outperform” rating and a $46.00 price target on the stock. UBS Group upped their price objective on shares of Toast from $41.00 to $47.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. BMO Capital Markets upped their price objective on shares of Toast from $46.00 to $48.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Finally, Royal Bank of Canada upped their price objective on shares of Toast from $40.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Toast presently has an average rating of “Hold” and an average price target of $40.48.
Read Our Latest Analysis on Toast
Insider Activity
In other news, President Stephen Fredette sold 1,068 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total value of $42,324.84. Following the completion of the sale, the president now owns 1,644,656 shares of the company’s stock, valued at $65,177,717.28. This represents a 0.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel Brian R. Elworthy sold 653 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total transaction of $25,878.39. Following the completion of the sale, the general counsel now directly owns 209,206 shares of the company’s stock, valued at approximately $8,290,833.78. This trade represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 270,770 shares of company stock valued at $9,409,211 in the last 90 days. Company insiders own 13.32% of the company’s stock.
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.
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