Newbridge Financial Services Group Inc. Buys Shares of 1,150 Toast, Inc. (NYSE:TOST)

Newbridge Financial Services Group Inc. bought a new stake in Toast, Inc. (NYSE:TOST) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,150 shares of the company’s stock, valued at approximately $42,000.

Several other institutional investors have also recently bought and sold shares of TOST. Blue Trust Inc. lifted its stake 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 approximately $26,000. Toth Financial Advisory Corp bought a new stake in Toast in the 3rd quarter valued at approximately $28,000. Raleigh Capital Management Inc. lifted its stake in Toast by 93.4% in the 3rd quarter. Raleigh Capital Management Inc. now owns 1,491 shares of the company’s stock valued at $42,000 after acquiring an additional 720 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Toast by 32.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,033 shares of the company’s stock worth $58,000 after purchasing an additional 496 shares during the last quarter. Institutional investors own 82.91% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price target on Toast from $28.00 to $36.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Morgan Stanley boosted their price target on Toast from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Compass Point assumed coverage on Toast in a research report on Wednesday, November 20th. They set a “buy” rating and a $49.00 price target on the stock. Wedbush boosted their price target on Toast from $35.00 to $45.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, Oppenheimer assumed coverage on Toast in a research report on Friday, January 24th. They set an “outperform” rating and a $46.00 price target on the stock. 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $36.09.

Toast Price Performance

TOST opened at $40.12 on Wednesday. The business has a fifty day simple moving average of $38.32 and a 200 day simple moving average of $32.72. The company has a market capitalization of $18.90 billion, a PE ratio of -308.61, a price-to-earnings-growth ratio of 2.25 and a beta of 1.98. Toast, Inc. has a 1 year low of $18.47 and a 1 year high of $44.12.

Insider Activity at Toast

In other news, President Stephen Fredette sold 1,068 shares of the company’s 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 completion of the sale, the president now directly owns 1,644,656 shares in the company, valued at approximately $65,177,717.28. This represents a 0.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard Kent Bennett sold 22,885 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $41.96, for a total value of $960,254.60. Following the sale, the director now owns 395,706 shares of the company’s stock, valued at approximately $16,603,823.76. The trade was a 5.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 362,449 shares of company stock worth $14,538,099 in the last ninety days. 13.32% of the stock is owned by company 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.