Piscataqua Savings Bank Has $36,000 Position in Toast, Inc. (NYSE:TOST)

Piscataqua Savings Bank grew its position in shares of Toast, Inc. (NYSE:TOST) by 57.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,100 shares of the company’s stock after acquiring an additional 400 shares during the quarter. Piscataqua Savings Bank’s holdings in Toast were worth $36,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Toast by 0.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 38,632 shares of the company’s stock valued at $1,408,000 after buying an additional 301 shares during the last quarter. Keel Point LLC lifted its stake in Toast by 2.7% in the fourth quarter. Keel Point LLC now owns 12,269 shares of the company’s stock valued at $447,000 after acquiring an additional 326 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Toast by 11.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,435 shares of the company’s stock valued at $125,000 after purchasing an additional 358 shares during the last quarter. Blue Trust Inc. lifted 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. Finally, Farther Finance Advisors LLC lifted its stake in Toast by 19.8% in the 4th quarter. Farther Finance Advisors LLC now owns 2,435 shares of the company’s stock valued at $89,000 after purchasing an additional 402 shares during the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TOST. BNP Paribas set a $37.00 target price on shares of Toast and gave the company a “neutral” rating in a research note on Wednesday, February 19th. DA Davidson cut their price target on Toast from $42.00 to $40.00 and set a “neutral” rating for the company in a report on Wednesday, April 30th. Wall Street Zen cut shares of Toast from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 1st. Truist Financial initiated coverage on shares of Toast in a research note on Monday, June 2nd. They set a “buy” rating and a $48.00 target price for the company. Finally, The Goldman Sachs Group cut their target price on shares of Toast from $43.00 to $38.00 and set a “neutral” rating for the company in a research note on Wednesday, April 2nd. Twelve analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.21.

Toast Stock Up 2.9%

TOST stock opened at $44.06 on Friday. The company has a market cap of $21.94 billion, a PE ratio of -4,401.60, a price-to-earnings-growth ratio of 2.16 and a beta of 2.02. The business has a 50-day simple moving average of $37.97 and a 200 day simple moving average of $38.05. Toast, Inc. has a 52 week low of $21.32 and a 52 week high of $45.56.

Insider Buying and Selling at Toast

In related news, Director Christopher P. Comparato sold 70,000 shares of the company’s stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $34.21, for a total transaction of $2,394,700.00. Following the completion of the transaction, the director now directly owns 179,316 shares in the company, valued at $6,134,400.36. This represents a 28.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Deval L. Patrick sold 34,222 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $33.01, for a total transaction of $1,129,668.22. Following the transaction, the director now owns 13,260 shares of the company’s stock, valued at $437,712.60. This trade represents a 72.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 646,651 shares of company stock worth $25,640,334 over the last three months. Corporate insiders own 13.32% of the company’s stock.

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.