Focus Partners Wealth Takes Position in Toast, Inc. (NYSE:TOST)

Focus Partners Wealth purchased a new stake in Toast, Inc. (NYSE:TOST - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 369,519 shares of the company's stock, valued at approximately $13,532,000. Focus Partners Wealth owned 0.08% of Toast as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. lifted its position in Toast by 120.4% in the 4th quarter. Blue Trust Inc. now owns 692 shares of the company's stock valued at $25,000 after acquiring an additional 378 shares in the last quarter. Piscataqua Savings Bank bought a new stake in Toast in the 4th quarter valued at $26,000. Stonebridge Financial Group LLC bought a new stake in Toast in the 4th quarter valued at $34,000. SBI Securities Co. Ltd. bought a new stake in Toast in the 4th quarter valued at $35,000. Finally, Wingate Wealth Advisors Inc. bought a new stake in Toast during the 4th quarter worth about $40,000. Institutional investors and hedge funds own 82.91% of the company's stock.

Wall Street Analyst Weigh In

TOST has been the topic of several analyst reports. Robert W. Baird boosted their price target on shares of Toast from $38.00 to $40.00 and gave the stock a "neutral" rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. boosted their price target on shares of Toast from $36.00 to $42.00 and gave the stock a "neutral" rating in a research report on Thursday, February 20th. BMO Capital Markets boosted their price target on shares of Toast from $44.00 to $45.00 and gave the stock an "outperform" rating in a research report on Monday. Needham & Company LLC reissued a "buy" rating and set a $50.00 price target on shares of Toast in a research report on Thursday, February 20th. Finally, Canaccord Genuity Group boosted their price target on shares of Toast from $43.00 to $48.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $40.91.

Toast Trading Up 0.2%

Shares of NYSE:TOST traded up $0.07 on Thursday, reaching $45.16. 7,645,391 shares of the company's stock were exchanged, compared to its average volume of 6,878,177. The company has a fifty day moving average of $35.33 and a 200-day moving average of $37.21. Toast, Inc. has a twelve month low of $21.32 and a twelve month high of $45.56. The company has a market capitalization of $22.49 billion, a price-to-earnings ratio of -4,511.49, a PEG ratio of 2.16 and a beta of 1.98.

Toast (NYSE:TOST - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share (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 business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. As a group, equities research analysts forecast that Toast, Inc. will post 0.39 EPS for the current fiscal year.

Insider Transactions at Toast

In related news, President Stephen Fredette sold 70,340 shares of the stock in a transaction that occurred on 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Christopher P. Comparato sold 70,000 shares of the stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $35.71, for a total transaction of $2,499,700.00. Following the completion of the transaction, the director now directly owns 164,796 shares of the company's stock, valued at approximately $5,884,865.16. The trade was a 29.81% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 405,991 shares of company stock valued at $14,746,320. Company insiders own 13.32% of the company's stock.

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.