9,987 Shares in Toast, Inc. (NYSE:TOST) Purchased by Oxford Financial Group LTD. LLC

Oxford Financial Group LTD. LLC bought a new stake in shares of Toast, Inc. (NYSE:TOST) in the fourth quarter, Holdings Channel reports. The fund bought 9,987 shares of the company’s stock, valued at approximately $364,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. raised 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 purchasing an additional 378 shares during the last quarter. Piscataqua Savings Bank acquired a new stake in shares of Toast in the fourth quarter valued at about $26,000. Stonebridge Financial Group LLC acquired a new stake in shares of Toast in the fourth quarter valued at about $34,000. SBI Securities Co. Ltd. acquired a new position in Toast during the fourth quarter worth about $35,000. Finally, Wingate Wealth Advisors Inc. acquired a new position in Toast during the fourth quarter worth about $40,000. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 price objective on shares of Toast in a report on Thursday, February 20th. Oppenheimer started 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. DA Davidson restated a “neutral” rating and issued a $38.00 target price (down from $44.00) on shares of Toast in a report on Thursday, December 5th. Morgan Stanley lifted their price target on Toast from $46.00 to $50.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Finally, The Goldman Sachs Group set a $40.00 price objective on shares of Toast and gave the company a “neutral” rating in a report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Toast currently has an average rating of “Hold” and a consensus price target of $40.48.

Insider Buying and Selling at Toast

In other Toast news, President Stephen Fredette sold 1,068 shares of the company’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 $42,324.84. Following the sale, the president now owns 1,644,656 shares in the company, valued at $65,177,717.28. This represents a 0.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Deval L. Patrick sold 34,222 shares of Toast stock in a transaction dated Thursday, March 13th. The shares were 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 $437,712.60. The trade was a 72.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 270,770 shares of company stock valued at $9,409,211 in the last 90 days. Company insiders own 13.32% of the company’s stock.

Toast Trading Down 1.9 %

TOST stock opened at $35.20 on Friday. The business’s fifty day moving average price is $37.82 and its 200 day moving average price is $34.99. Toast, Inc. has a 12-month low of $21.32 and a 12-month high of $44.12. The company has a market capitalization of $17.39 billion, a PE ratio of -3,516.78, a P/E/G ratio of 2.16 and a beta of 1.99.

Toast (NYSE:TOST) last issued 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). The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Toast had a return on equity of 1.54% and a net margin of 0.40%. Research analysts predict that Toast, Inc. will post 0.39 EPS for the current fiscal 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.