HM Payson & Co. Acquires 582 Shares of Toast, Inc. (NYSE:TOST)

HM Payson & Co. raised its holdings in shares of Toast, Inc. (NYSE:TOST) by 7.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 8,232 shares of the company’s stock after buying an additional 582 shares during the quarter. HM Payson & Co.’s holdings in Toast were worth $300,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Blue Trust Inc. lifted its position in Toast by 120.4% during the fourth 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 bought a new stake in shares of Toast in the 4th quarter worth about $26,000. Stonebridge Financial Group LLC bought a new stake in shares of Toast in the 4th quarter worth about $34,000. SBI Securities Co. Ltd. bought a new stake in shares of Toast in the 4th quarter worth about $35,000. Finally, Wingate Wealth Advisors Inc. bought a new stake in shares of Toast in the 4th quarter worth about $40,000. Institutional investors own 82.91% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on TOST shares. BNP Paribas set a $37.00 target price on shares of Toast and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Needham & Company LLC restated a “buy” rating and issued a $50.00 target price on shares of Toast in a report on Thursday, February 20th. JPMorgan Chase & Co. raised their target price on shares of Toast from $36.00 to $42.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Robert W. Baird raised their target price on shares of Toast from $38.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Finally, Piper Sandler raised their target price on shares of Toast from $25.00 to $35.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. One investment 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $40.48.

Insider Buying and Selling

In other Toast news, Director Christopher P. Comparato sold 145,000 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $36.04, for a total transaction of $5,225,800.00. Following the sale, the director now owns 182,451 shares of the company’s stock, valued at approximately $6,575,534.04. The trade was a 44.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Stephen Fredette sold 1,068 shares of the business’s stock in a transaction that occurred on 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 directly owns 1,644,656 shares in the company, valued at approximately $65,177,717.28. This represents a 0.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 149,779 shares of company stock worth $5,415,192 in the last 90 days. 13.32% of the stock is owned by corporate insiders.

Toast Stock Performance

NYSE:TOST opened at $34.77 on Monday. Toast, Inc. has a one year low of $21.32 and a one year high of $44.12. The firm has a market cap of $17.17 billion, a P/E ratio of -3,473.03, a P/E/G ratio of 2.16 and a beta of 1.99. The firm has a 50-day simple moving average of $38.36 and a 200-day simple moving average of $34.36.

Toast (NYSE:TOST) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.32 billion. Toast had a net margin of 0.40% and a return on equity of 1.54%. On average, 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.