Westover Capital Advisors LLC Invests $212,000 in Toast, Inc. (NYSE:TOST)

Westover Capital Advisors LLC acquired a new stake in shares of Toast, Inc. (NYSE:TOST) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 5,820 shares of the company’s stock, valued at approximately $212,000.

Other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. grew 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 valued at $25,000 after purchasing an additional 378 shares in the last quarter. Piscataqua Savings Bank purchased a new position in Toast during the fourth quarter worth about $26,000. Stonebridge Financial Group LLC bought a new position in Toast in the 4th quarter worth about $34,000. SBI Securities Co. Ltd. purchased a new stake in shares of Toast in the 4th quarter valued at about $35,000. Finally, Wingate Wealth Advisors Inc. bought a new stake in shares of Toast during the 4th quarter valued at about $40,000. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Insider Activity at Toast

In other news, CRO Jonathan Vassil sold 1,006 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total value of $39,867.78. Following the completion of the transaction, the executive now owns 48,488 shares of the company’s stock, valued at approximately $1,921,579.44. This represents a 2.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher P. Comparato sold 145,000 shares of Toast stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $36.04, for a total value of $5,225,800.00. Following the sale, the director now owns 182,451 shares in the company, valued at $6,575,534.04. This represents a 44.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 149,779 shares of company stock worth $5,415,192 over the last quarter. 13.32% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company raised their target price on shares of Toast from $25.00 to $30.00 and gave the company an “underweight” rating in a research note on Thursday, January 16th. Piper Sandler raised their price objective on shares of Toast from $25.00 to $35.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Wedbush lifted their price objective on shares of Toast from $35.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. BMO Capital Markets increased their target price on Toast from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Finally, Morgan Stanley lifted their price target on Toast from $46.00 to $50.00 and gave the stock an “overweight” rating in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $40.48.

Toast Trading Down 4.7 %

TOST stock opened at $35.10 on Wednesday. The stock has a market capitalization of $17.34 billion, a price-to-earnings ratio of -3,505.99, a PEG ratio of 2.16 and a beta of 1.98. The firm’s 50-day moving average price is $38.60 and its two-hundred day moving average price is $34.14. Toast, Inc. has a 12-month low of $21.32 and a 12-month high of $44.12.

Toast (NYSE:TOST) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $1.32 billion. Equities analysts predict that Toast, Inc. will post 0.39 EPS for the current year.

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.