IFP Advisors Inc Grows Holdings in Toast, Inc. (NYSE:TOST)

IFP Advisors Inc lifted its holdings in Toast, Inc. (NYSE:TOST) by 8.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 10,002 shares of the company’s stock after acquiring an additional 762 shares during the quarter. IFP Advisors Inc’s holdings in Toast were worth $369,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TOST. Blue Trust Inc. grew its position in Toast by 120.4% during the 4th quarter. Blue Trust Inc. now owns 692 shares of the company’s stock valued at $25,000 after purchasing an additional 378 shares during the last quarter. Piscataqua Savings Bank purchased a new stake in Toast during the 4th quarter valued at about $26,000. Stonebridge Financial Group LLC purchased a new stake in Toast during the 4th quarter valued at about $34,000. Wingate Wealth Advisors Inc. purchased a new stake in Toast during the 4th quarter valued at about $40,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in Toast during the 4th quarter valued at about $42,000. 82.91% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Toast news, General Counsel Brian R. Elworthy sold 653 shares of the firm’s 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 sale, the general counsel now owns 209,206 shares in the company, valued at approximately $8,290,833.78. This trade represents a 0.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Jonathan Vassil sold 1,006 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total transaction of $39,867.78. Following the sale, the executive now owns 48,488 shares in the company, valued at approximately $1,921,579.44. The trade was a 2.03 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 149,779 shares of company stock worth $5,415,192. Company insiders own 13.32% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on TOST shares. Morgan Stanley increased their price objective on shares of Toast from $46.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday, February 20th. Piper Sandler upped their target price on shares of Toast from $25.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. The Goldman Sachs Group set a $40.00 target price on shares of Toast and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Wedbush upped their target price on shares of Toast from $35.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, Compass Point started coverage on shares of Toast in a research note on Wednesday, November 20th. They set a “buy” rating and a $49.00 target price on the stock. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Toast presently has a consensus rating of “Hold” and an average price target of $40.09.

Toast Stock Up 3.0 %

Shares of NYSE:TOST opened at $38.65 on Friday. The firm’s 50 day moving average price is $38.61 and its 200-day moving average price is $33.92. Toast, Inc. has a twelve month low of $21.32 and a twelve month high of $44.12. The stock has a market capitalization of $18.20 billion, a PE ratio of -3,860.74, a price-to-earnings-growth ratio of 2.16 and a beta of 1.98.

Toast (NYSE:TOST) last released its earnings results on Wednesday, February 19th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Toast had a return on equity of 1.54% and a net margin of 0.40%. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. Analysts expect that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

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.