Oxford Financial Group LTD. LLC Takes Position in Toast, Inc. (NYSE:TOST)

Oxford Financial Group LTD. LLC purchased a new position in Toast, Inc. (NYSE:TOST) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,987 shares of the company’s stock, valued at approximately $364,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. FMR LLC grew its stake in Toast by 50.5% in the third quarter. FMR LLC now owns 24,449,743 shares of the company’s stock worth $692,172,000 after purchasing an additional 8,205,053 shares in the last quarter. ValueAct Holdings L.P. bought a new position in shares of Toast during the 3rd quarter worth $438,301,000. State Street Corp increased its stake in shares of Toast by 2.5% during the third quarter. State Street Corp now owns 8,325,292 shares of the company’s stock valued at $235,689,000 after buying an additional 206,789 shares during the period. Geode Capital Management LLC raised its holdings in shares of Toast by 2.3% in the third quarter. Geode Capital Management LLC now owns 6,865,934 shares of the company’s stock valued at $193,992,000 after acquiring an additional 155,212 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Toast by 5.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,938,487 shares of the company’s stock worth $107,108,000 after acquiring an additional 155,446 shares in the last quarter. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Insiders Place Their Bets

In related news, Director Deval L. Patrick sold 34,222 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $33.01, for a total value of $1,129,668.22. Following the completion of the transaction, the director now owns 13,260 shares of the company’s stock, valued at approximately $437,712.60. This represents a 72.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Stephen Fredette sold 70,340 shares of the firm’s 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 sale, the president now directly owns 1,574,316 shares in the company, valued at approximately $53,322,082.92. The trade was a 4.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 270,770 shares of company stock worth $9,409,211. Corporate insiders own 13.32% of the company’s stock.

Analyst Ratings Changes

TOST has been the subject of several research reports. BNP Paribas set a $37.00 price target on shares of Toast and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. UBS Group upped their target price on Toast from $41.00 to $47.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. The Goldman Sachs Group set a $40.00 price target on Toast and gave the company a “neutral” rating in a report on Wednesday, February 19th. JPMorgan Chase & Co. boosted their price target on Toast from $36.00 to $42.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. Finally, Oppenheimer began coverage on Toast in a research report on Friday, January 24th. They set an “outperform” rating and a $46.00 price objective on the stock. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Toast presently has a consensus rating of “Hold” and a consensus target price of $40.48.

Toast Stock Down 1.9 %

Shares of NYSE:TOST opened at $35.20 on Friday. The business has a 50-day moving average price of $37.82 and a 200-day moving average price of $34.99. The stock has a market cap of $17.39 billion, a price-to-earnings ratio of -3,516.78, a PEG ratio of 2.16 and a beta of 1.99. Toast, Inc. has a 52-week low of $21.32 and a 52-week high of $44.12.

Toast (NYSE:TOST) last posted its quarterly 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 analysts’ expectations of $1.32 billion. As a group, equities analysts anticipate that Toast, Inc. will post 0.39 EPS for the current fiscal year.

Toast Company 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.