6,100 Shares in Toast, Inc. (NYSE:TOST) Purchased by Chung Wu Investment Group LLC

Chung Wu Investment Group LLC acquired a new position in Toast, Inc. (NYSE:TOST) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 6,100 shares of the company’s stock, valued at approximately $222,000.

Several other large investors also recently bought and sold shares of the business. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of 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 valued at $1,408,000 after purchasing an additional 301 shares during the period. Mirador Capital Partners LP grew its stake in shares of Toast by 0.9% during the 4th quarter. Mirador Capital Partners LP now owns 41,938 shares of the company’s stock valued at $1,529,000 after purchasing an additional 360 shares during the period. Blue Trust Inc. grew its stake in shares of 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 period. D.A. Davidson & CO. grew its stake in shares of Toast by 1.9% during the 3rd quarter. D.A. Davidson & CO. now owns 22,100 shares of the company’s stock valued at $626,000 after purchasing an additional 409 shares during the period. Finally, CIBC Asset Management Inc grew its stake in shares of Toast by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 12,614 shares of the company’s stock valued at $357,000 after purchasing an additional 448 shares during the period. 82.91% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Christopher P. Comparato sold 145,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $36.04, for a total value of $5,225,800.00. Following the transaction, the director now owns 182,451 shares in the company, valued at $6,575,534.04. This trade represents a 44.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, President Stephen Fredette sold 1,068 shares of Toast stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total value of $42,324.84. Following the transaction, the president now owns 1,644,656 shares in the company, valued at approximately $65,177,717.28. The trade was a 0.06 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 149,779 shares of company stock worth $5,415,192. 13.32% of the stock is owned by corporate insiders.

Toast Price Performance

Shares of NYSE TOST opened at $36.53 on Thursday. The business has a fifty day moving average price of $38.53 and a 200 day moving average price of $34.21. The stock has a market capitalization of $18.04 billion, a P/E ratio of -3,648.85, a price-to-earnings-growth ratio of 2.16 and a beta of 1.98. Toast, Inc. has a 1-year low of $21.32 and a 1-year high of $44.12.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on TOST shares. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price objective on shares of Toast in a research report on Thursday, February 20th. Keefe, Bruyette & Woods boosted their price target on Toast from $40.00 to $42.00 and gave the stock a “market perform” rating in a report on Thursday, February 20th. Piper Sandler boosted their price target on Toast from $25.00 to $35.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Morgan Stanley boosted their price target on Toast from $46.00 to $50.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Finally, Canaccord Genuity Group boosted their price target on Toast from $43.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $40.48.

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.