Oppenheimer & Co. Inc. Has $1.52 Million Stock Holdings in Toast, Inc. (NYSE:TOST)

Oppenheimer & Co. Inc. increased its holdings in shares of Toast, Inc. (NYSE:TOST) by 196.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 41,597 shares of the company’s stock after acquiring an additional 27,567 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Toast were worth $1,516,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in TOST. Blue Trust Inc. raised its holdings in Toast by 120.4% during the 4th quarter. Blue Trust Inc. now owns 692 shares of the company’s stock worth $25,000 after purchasing an additional 378 shares during the last quarter. Piscataqua Savings Bank bought a new position in Toast during the 4th quarter worth approximately $26,000. Stonebridge Financial Group LLC bought a new position in Toast during the 4th quarter worth approximately $34,000. Wingate Wealth Advisors Inc. bought a new position in Toast during the 4th quarter worth approximately $40,000. Finally, Newbridge Financial Services Group Inc. bought a new position in Toast during the 4th quarter worth approximately $42,000. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on TOST shares. Deutsche Bank Aktiengesellschaft raised their price target on shares of Toast from $24.00 to $30.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Morgan Stanley raised their price target on shares of Toast from $46.00 to $50.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. JPMorgan Chase & Co. raised their price target on shares of Toast from $36.00 to $42.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Royal Bank of Canada lifted their price objective on shares of Toast from $40.00 to $45.00 and gave the company a “sector perform” rating in a research note on Thursday, February 20th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Toast from $40.00 to $42.00 and gave the company a “market perform” rating in a research note on Thursday, February 20th. One investment 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 data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $40.09.

Insider Buying and Selling

In related news, Director Christopher P. Comparato sold 145,000 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $36.04, for a total value of $5,225,800.00. Following the transaction, the director now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Elena Gomez sold 2,052 shares of the business’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 $81,320.76. Following the completion of the transaction, the chief financial officer now directly owns 160,498 shares in the company, valued at $6,360,535.74. This trade represents a 1.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 149,779 shares of company stock valued at $5,415,192. 13.32% of the stock is owned by insiders.

Toast Price Performance

TOST opened at $36.86 on Tuesday. The company has a market capitalization of $18.21 billion, a price-to-earnings ratio of -3,682.32, a P/E/G ratio of 2.16 and a beta of 1.98. The firm’s fifty day moving average price is $38.61 and its two-hundred day moving average price is $34.05. Toast, Inc. has a 1 year low of $21.32 and a 1 year high of $44.12.

Toast (NYSE:TOST) last posted its quarterly earnings data 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 firm 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%. As a group, equities analysts anticipate that Toast, Inc. will post 0.39 EPS for the current year.

About Toast

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.