700 Shares in Toast, Inc. (NYSE:TOST) Purchased by Piscataqua Savings Bank

Piscataqua Savings Bank bought a new position in Toast, Inc. (NYSE:TOST) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 700 shares of the company’s stock, valued at approximately $26,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. FMR LLC lifted its position in Toast by 50.5% during the third quarter. FMR LLC now owns 24,449,743 shares of the company’s stock worth $692,172,000 after buying an additional 8,205,053 shares in the last quarter. ValueAct Holdings L.P. purchased a new position in shares of Toast during the 3rd quarter worth $438,301,000. State Street Corp boosted its position in shares of Toast by 2.5% during the 3rd quarter. State Street Corp now owns 8,325,292 shares of the company’s stock valued at $235,689,000 after acquiring an additional 206,789 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Toast by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 6,865,934 shares of the company’s stock valued at $193,992,000 after acquiring an additional 155,212 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in Toast by 2,889.8% during the third quarter. Assenagon Asset Management S.A. now owns 3,829,995 shares of the company’s stock worth $108,427,000 after purchasing an additional 3,701,893 shares during the last quarter. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Toast

In other Toast news, Director Richard Kent Bennett sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $36.67, for a total transaction of $3,667,000.00. Following the transaction, the director now owns 418,591 shares of the company’s stock, valued at approximately $15,349,731.97. This trade represents a 19.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Aman Narang sold 1,646 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $31.08, for a total value of $51,157.68. Following the completion of the sale, the chief executive officer now directly owns 969,970 shares of the company’s stock, valued at approximately $30,146,667.60. This trade represents a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 562,600 shares of company stock valued at $21,823,932. 13.32% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

TOST has been the topic of several recent analyst reports. BNP Paribas lowered shares of Toast from an “outperform” rating to a “neutral” rating and set a $37.00 target price on the stock. in a report on Wednesday, November 20th. Stephens increased their price objective on Toast from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Wells Fargo & Company lifted their target price on Toast from $25.00 to $30.00 and gave the company an “underweight” rating in a research report on Thursday, January 16th. Piper Sandler upped their price target on Toast from $25.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Toast from $24.00 to $30.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $35.74.

Toast Stock Performance

Shares of Toast stock opened at $39.33 on Monday. Toast, Inc. has a one year low of $16.13 and a one year high of $44.12. The business has a 50-day simple moving average of $38.83 and a 200-day simple moving average of $31.51. The company has a market cap of $18.52 billion, a PE ratio of -302.52, a P/E/G ratio of 2.05 and a beta of 1.97.

Toast (NYSE:TOST) last issued its earnings results on Thursday, November 7th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. Toast had a negative net margin of 1.05% and a negative return on equity of 3.84%. During the same quarter in the previous year, the firm posted ($0.09) earnings per share. On average, sell-side analysts predict that Toast, Inc. will post 0.03 earnings per share for the current fiscal year.

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.