Benjamin Edwards Inc. Acquires Shares of 6,474 Toast, Inc. (NYSE:TOST)

Benjamin Edwards Inc. purchased a new stake in Toast, Inc. (NYSE:TOST - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 6,474 shares of the company's stock, valued at approximately $236,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. increased its holdings in shares of Toast by 120.4% in the fourth 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 acquired a new stake in Toast during the fourth quarter worth $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. Institutional investors and hedge funds own 82.91% of the company's stock.

Toast Stock Performance

Shares of NYSE:TOST traded up $0.07 on Thursday, hitting $45.16. 7,645,391 shares of the company's stock were exchanged, compared to its average volume of 6,883,382. The firm's 50-day moving average is $35.09 and its 200 day moving average is $37.10. The company has a market capitalization of $22.49 billion, a PE ratio of -4,511.49, a P/E/G 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 $45.56.

Toast (NYSE:TOST - Get Free Report) last released 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). The business 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%. On average, analysts anticipate that Toast, Inc. will post 0.39 EPS for the current fiscal year.

Analysts Set New Price Targets

TOST has been the topic of a number of research analyst reports. Canaccord Genuity Group lifted their target price on Toast from $43.00 to $48.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. BMO Capital Markets lifted their target price on Toast from $44.00 to $45.00 and gave the company an "outperform" rating in a research report on Monday. Royal Bank of Canada lifted their target price on Toast from $40.00 to $45.00 and gave the company a "sector perform" rating in a research report on Thursday, February 20th. UBS Group lifted their target price on Toast from $41.00 to $47.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. lifted their target price on Toast from $36.00 to $42.00 and gave the company a "neutral" rating in a research report on Thursday, February 20th. Thirteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $40.91.

Insider Transactions at Toast

In related news, Director Christopher P. Comparato sold 70,000 shares of the company's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $35.71, for a total value of $2,499,700.00. Following the completion of the sale, the director now directly owns 164,796 shares of the company's stock, valued at $5,884,865.16. This represents a 29.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Stephen Fredette sold 70,340 shares of the company's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $33.87, for a total value of $2,382,415.80. Following the completion of the sale, the president now directly owns 1,574,316 shares of the company's stock, valued at approximately $53,322,082.92. This trade represents a 4.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 405,991 shares of company stock valued at $14,746,320. 13.32% of the stock is currently owned by corporate insiders.

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.