Wingate Wealth Advisors Inc. Buys New Stake in Toast, Inc. (NYSE:TOST)

Wingate Wealth Advisors Inc. purchased a new position in Toast, Inc. (NYSE:TOST) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 1,094 shares of the company’s stock, valued at approximately $40,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Newbridge Financial Services Group Inc. bought a new position in shares of Toast during the 4th quarter valued at approximately $42,000. Kestra Private Wealth Services LLC bought a new position in Toast during the fourth quarter valued at $1,287,000. Stephens Investment Management Group LLC lifted its position in Toast by 6.8% during the fourth quarter. Stephens Investment Management Group LLC now owns 2,013,318 shares of the company’s stock valued at $73,385,000 after purchasing an additional 128,547 shares during the last quarter. Northeast Investment Management bought a new stake in shares of Toast in the 4th quarter worth about $1,104,000. Finally, Entropy Technologies LP raised its position in shares of Toast by 182.4% during the 4th quarter. Entropy Technologies LP now owns 89,229 shares of the company’s stock valued at $3,252,000 after buying an additional 57,633 shares in the last quarter. Institutional investors own 82.91% of the company’s stock.

Wall Street Analyst Weigh In

TOST has been the subject of several recent research reports. The Goldman Sachs Group dropped their price target on Toast from $45.00 to $40.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Wells Fargo & Company boosted their target price on Toast from $25.00 to $30.00 and gave the company an “underweight” rating in a research report on Thursday, January 16th. Compass Point began coverage on Toast in a research report on Wednesday, November 20th. They issued a “buy” rating and a $49.00 price target for the company. BNP Paribas lowered shares of Toast from an “outperform” rating to a “neutral” rating and set a $37.00 price objective for the company. in a research note on Wednesday, November 20th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Toast from $29.00 to $40.00 and gave the company a “market perform” rating in a research note on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $36.09.

Toast Stock Down 3.1 %

TOST opened at $40.12 on Wednesday. The stock’s fifty day moving average is $38.32 and its two-hundred day moving average is $32.72. The company has a market capitalization of $18.90 billion, a P/E ratio of -308.61, a PEG ratio of 2.25 and a beta of 1.98. Toast, Inc. has a 52 week low of $18.47 and a 52 week high of $44.12.

Insider Transactions at Toast

In related news, General Counsel Brian R. Elworthy sold 653 shares of the business’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 $25,878.39. Following the completion of the transaction, the general counsel now owns 209,206 shares of the company’s stock, valued at $8,290,833.78. The trade was a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Stephen Fredette sold 1,068 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total value of $42,324.84. Following the sale, the president now directly owns 1,644,656 shares in the company, valued at $65,177,717.28. This trade represents a 0.06 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 362,449 shares of company stock valued at $14,538,099. 13.32% of the stock is currently owned by corporate insiders.

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.