Toast, Inc. (NYSE:TOST) Stock Holdings Raised by Canton Hathaway LLC

Canton Hathaway LLC raised its stake in Toast, Inc. (NYSE:TOST) by 107.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,090 shares of the company’s stock after purchasing an additional 1,598 shares during the period. Canton Hathaway LLC’s holdings in Toast were worth $113,000 as of its most recent SEC filing.

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

Toast Price Performance

TOST stock opened at $37.18 on Tuesday. Toast, Inc. has a 12 month low of $21.02 and a 12 month high of $44.12. The firm has a market cap of $17.51 billion, a PE ratio of -3,713.79, a P/E/G ratio of 2.16 and a beta of 1.98. The firm has a 50 day simple moving average of $38.57 and a 200 day simple moving average of $33.68.

Toast (NYSE:TOST) last released 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). Toast had a net margin of 0.40% and a return on equity of 1.54%. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. As a group, sell-side analysts expect that Toast, Inc. will post 0.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Compass Point assumed coverage on shares of Toast in a research report on Wednesday, November 20th. They set a “buy” rating and a $49.00 price objective for the company. UBS Group boosted their price objective on shares of Toast from $41.00 to $47.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Morgan Stanley boosted 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. BMO Capital Markets boosted their price objective on shares of Toast from $46.00 to $48.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Finally, The Goldman Sachs Group set a $40.00 price objective on shares of Toast and gave the company a “neutral” rating in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $40.09.

Insider Activity

In other Toast news, CRO Jonathan Vassil sold 1,006 shares of the company’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 value of $39,867.78. Following the transaction, the executive now owns 48,488 shares in the company, valued at approximately $1,921,579.44. This represents a 2.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Stephen Fredette sold 1,068 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total transaction 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. This trade represents a 0.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 149,779 shares of company stock worth $5,415,192 over the last 90 days. 13.32% of the stock is owned by company insiders.

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.