Fiduciary Financial Group LLC Takes $1.66 Million Position in Toast, Inc. $TOST

Fiduciary Financial Group LLC acquired a new stake in Toast, Inc. (NYSE:TOST) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 46,784 shares of the company’s stock, valued at approximately $1,661,000.

A number of other large investors have also added to or reduced their stakes in TOST. Wealth Management Partners LLC grew its holdings in Toast by 39.4% during the 4th quarter. Wealth Management Partners LLC now owns 8,783 shares of the company’s stock worth $312,000 after acquiring an additional 2,483 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Toast by 285.3% during the fourth quarter. SG Americas Securities LLC now owns 288,286 shares of the company’s stock valued at $10,237,000 after acquiring an additional 213,459 shares during the last quarter. Diversified Trust Co. raised its stake in shares of Toast by 58.9% during the fourth quarter. Diversified Trust Co. now owns 29,365 shares of the company’s stock valued at $1,043,000 after acquiring an additional 10,881 shares during the last quarter. TABR Capital Management LLC acquired a new position in shares of Toast during the fourth quarter worth $987,000. Finally, Elevation Wealth Partners LLC acquired a new position in shares of Toast during the fourth quarter worth $53,000. Institutional investors own 82.91% of the company’s stock.

Insider Buying and Selling

In related news, CFO Elena Gomez sold 1,437 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $30.34, for a total value of $43,598.58. Following the completion of the sale, the chief financial officer directly owned 164,629 shares of the company’s stock, valued at $4,994,843.86. The trade was a 0.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Aman Narang sold 1,648 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $30.34, for a total value of $50,000.32. Following the transaction, the chief executive officer directly owned 340,723 shares in the company, valued at approximately $10,337,535.82. This trade represents a 0.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 100,856 shares of company stock worth $3,540,449 over the last 90 days. 12.14% of the stock is owned by company insiders.

Toast Stock Down 3.4%

Toast stock opened at $26.63 on Wednesday. The company has a market capitalization of $13.95 billion, a PE ratio of 49.31 and a beta of 1.95. Toast, Inc. has a 12-month low of $24.35 and a 12-month high of $49.66. The firm’s fifty day moving average is $29.31 and its 200 day moving average is $34.01.

Toast (NYSE:TOST) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). Toast had a return on equity of 18.14% and a net margin of 5.56%.The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same quarter in the previous year, the business posted $0.05 earnings per share. The company’s revenue for the quarter was up 22.0% compared to the same quarter last year. Sell-side analysts expect that Toast, Inc. will post 0.39 EPS for the current fiscal year.

Toast declared that its Board of Directors has initiated a share repurchase program on Thursday, February 12th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TOST. JPMorgan Chase & Co. upgraded Toast from a “neutral” rating to an “overweight” rating and set a $43.00 price objective for the company in a report on Thursday, December 4th. Evercore upgraded Toast from an “in-line” rating to an “outperform” rating and set a $40.00 price target on the stock in a research report on Tuesday, January 20th. UBS Group set a $40.00 price target on Toast in a research note on Friday, February 13th. Needham & Company LLC lowered their price objective on Toast from $60.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Finally, Sanford C. Bernstein set a $39.00 target price on Toast in a report on Monday, February 16th. Seventeen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.46.

Toast Company Profile

Toast, Inc (NYSE: TOST) is a technology company that builds a cloud-based platform for restaurants and other foodservice businesses. Headquartered in Boston, Massachusetts, Toast offers integrated point-of-sale (POS) systems and a suite of software and hardware designed to streamline front-of-house and back-of-house operations. The company went public in 2021 and has positioned itself as a vertically integrated provider for the restaurant industry.

Toast’s product portfolio includes touchscreen POS terminals and handheld order-and-pay devices, kitchen display systems, and peripherals tailored for high-volume foodservice environments.