Bradley Foster & Sargent Inc. CT Has $498,000 Stock Holdings in Toast, Inc. (NYSE:TOST)

Bradley Foster & Sargent Inc. CT raised its stake in shares of Toast, Inc. (NYSE:TOST) by 10.7% during the 4th quarter, HoldingsChannel reports. The firm owned 13,656 shares of the company’s stock after purchasing an additional 1,315 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Toast were worth $498,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TOST. Blue Trust Inc. boosted its position 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 acquiring an additional 378 shares during the period. Piscataqua Savings Bank bought a new position in Toast in the fourth quarter worth $26,000. Stonebridge Financial Group LLC bought a new position in Toast in the fourth quarter worth $34,000. Wingate Wealth Advisors Inc. bought a new position in Toast in the fourth quarter worth $40,000. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of Toast during the fourth quarter valued at $42,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Insiders Place Their Bets

In other Toast news, General Counsel Brian R. Elworthy sold 653 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total transaction of $25,878.39. Following the transaction, the general counsel now owns 209,206 shares in the company, valued at approximately $8,290,833.78. This trade represents a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher P. Comparato sold 145,000 shares of the firm’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $36.04, for a total value of $5,225,800.00. Following the transaction, the director now owns 182,451 shares in the company, valued at approximately $6,575,534.04. This trade represents a 44.28 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 339,564 shares of company stock worth $13,577,845. Insiders own 13.32% of the company’s stock.

Toast Stock Down 6.4 %

Shares of TOST stock opened at $37.68 on Friday. The stock has a 50-day moving average price of $38.60 and a 200 day moving average price of $33.51. The firm has a market cap of $17.75 billion, a price-to-earnings ratio of -3,764.44, a PEG ratio of 2.16 and a beta of 1.98. Toast, Inc. has a 12 month low of $20.57 and a 12 month high of $44.12.

Toast (NYSE:TOST) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The firm had revenue of $1.34 billion during 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%. Sell-side analysts predict that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TOST has been the subject of a number of analyst reports. Wedbush lifted their price objective on Toast from $35.00 to $45.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Piper Sandler lifted their price objective on Toast from $25.00 to $35.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Wells Fargo & Company lifted their price objective on Toast from $25.00 to $30.00 and gave the company an “underweight” rating in a report on Thursday, January 16th. Canaccord Genuity Group lifted their price objective on Toast from $43.00 to $48.00 and gave the company a “buy” rating in a report on Thursday. Finally, Needham & Company LLC reissued a “buy” rating and set a $50.00 price objective on shares of Toast in a report on Thursday. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $40.09.

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.