Pinnacle Wealth Planning Services Inc. Buys New Position in Toast, Inc. (NYSE:TOST)

Pinnacle Wealth Planning Services Inc. bought a new stake in Toast, Inc. (NYSE:TOST - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 7,672 shares of the company's stock, valued at approximately $280,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Blue Trust Inc. boosted its position in shares of Toast by 120.4% during the 4th quarter. Blue Trust Inc. now owns 692 shares of the company's stock worth $25,000 after purchasing an additional 378 shares in the last quarter. Stonebridge Financial Group LLC purchased a new position in shares of Toast during the 4th quarter worth $34,000. SBI Securities Co. Ltd. purchased a new position in Toast during the fourth quarter worth about $35,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Toast during the 4th quarter worth about $40,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in Toast during the fourth quarter worth approximately $42,000. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Toast

In other news, Director Paul D. Bell sold 11,000 shares of the company's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $45.13, for a total transaction of $496,430.00. Following the completion of the transaction, the director now owns 229,680 shares in the company, valued at approximately $10,365,458.40. This represents a 4.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $33.87, for a total transaction of $2,382,415.80. Following the transaction, the president now owns 1,574,316 shares of the company's stock, valued at $53,322,082.92. This represents a 4.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 416,991 shares of company stock valued at $15,242,750 in the last quarter. Insiders own 13.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TOST shares. Royal Bank of Canada raised their price objective on Toast from $40.00 to $45.00 and gave the stock a "sector perform" rating in a report on Thursday, February 20th. Keefe, Bruyette & Woods raised their price objective on Toast from $40.00 to $42.00 and gave the company a "market perform" rating in a research report on Thursday, February 20th. Robert W. Baird raised their target price on Toast from $38.00 to $40.00 and gave the company a "neutral" rating in a report on Thursday, February 20th. The Goldman Sachs Group dropped their target price on Toast from $43.00 to $38.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Finally, Evercore ISI began coverage on Toast in a report on Wednesday, April 9th. They set an "in-line" rating and a $29.00 target price on the stock. Twelve equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Toast currently has a consensus rating of "Moderate Buy" and a consensus target price of $40.91.

Toast Stock Performance

Shares of NYSE TOST traded down $0.04 during trading on Friday, reaching $42.20. The stock had a trading volume of 10,881,784 shares, compared to its average volume of 6,774,186. Toast, Inc. has a one year low of $21.32 and a one year high of $45.56. The firm's 50 day moving average price is $37.15 and its two-hundred day moving average price is $37.95. The stock has a market cap of $21.02 billion, a PE ratio of -4,215.78, a P/E/G ratio of 2.16 and a beta of 1.98.

Toast 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.