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

Wingate Wealth Advisors Inc. purchased a new position in Toast, Inc. (NYSE:TOST) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,094 shares of the company’s stock, valued at approximately $40,000.

Other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in shares of Toast by 120.4% during the 4th quarter. Blue Trust Inc. now owns 692 shares of the company’s stock worth $25,000 after acquiring an additional 378 shares during the period. Piscataqua Savings Bank bought a new stake in shares of Toast during the fourth quarter valued at approximately $26,000. Toth Financial Advisory Corp purchased a new stake in Toast in the third quarter worth $28,000. Newbridge Financial Services Group Inc. bought a new position in Toast in the fourth quarter worth $42,000. Finally, Raleigh Capital Management Inc. lifted its position in Toast by 93.4% during the third quarter. Raleigh Capital Management Inc. now owns 1,491 shares of the company’s stock valued at $42,000 after buying an additional 720 shares during the period. Institutional investors own 82.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Wedbush upped their target price on shares of Toast from $35.00 to $45.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. The Goldman Sachs Group decreased their target price on shares of Toast from $45.00 to $40.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Piper Sandler lifted their target price on shares of Toast from $25.00 to $35.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Morgan Stanley upped their price target on Toast from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. lifted their price objective on Toast from $28.00 to $36.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $36.09.

Insider Buying and Selling at Toast

In related news, President Stephen Fredette sold 1,068 shares of the 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 $42,324.84. Following the completion of the sale, the president now directly owns 1,644,656 shares of the company’s stock, valued at approximately $65,177,717.28. This represents a 0.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David Yuan sold 189,785 shares of Toast stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $43.01, for a total transaction of $8,162,652.85. Following the transaction, the director now directly owns 198,829 shares in the company, valued at $8,551,635.29. This represents a 48.84 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 362,449 shares of company stock valued at $14,538,099. 13.32% of the stock is owned by company insiders.

Toast Trading Down 3.1 %

Shares of TOST opened at $40.12 on Wednesday. Toast, Inc. has a 1-year low of $18.47 and a 1-year high of $44.12. The firm has a market cap of $18.90 billion, a PE ratio of -308.61, a P/E/G ratio of 2.25 and a beta of 1.98. The firm has a fifty day simple moving average of $38.32 and a two-hundred day simple moving average of $32.72.

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.