EverSource Wealth Advisors LLC Acquires 358 Shares of Toast, Inc. (NYSE:TOST)

EverSource Wealth Advisors LLC boosted its holdings in Toast, Inc. (NYSE:TOST) by 11.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,435 shares of the company’s stock after buying an additional 358 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Toast were worth $125,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Toast by 0.8% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 38,632 shares of the company’s stock worth $1,408,000 after purchasing an additional 301 shares in the last quarter. Mirador Capital Partners LP lifted its position in Toast by 0.9% during the fourth quarter. Mirador Capital Partners LP now owns 41,938 shares of the company’s stock valued at $1,529,000 after purchasing an additional 360 shares during the last quarter. Blue Trust Inc. grew its stake in Toast by 120.4% in the 4th quarter. Blue Trust Inc. now owns 692 shares of the company’s stock worth $25,000 after buying an additional 378 shares in the last quarter. D.A. Davidson & CO. increased its holdings in shares of Toast by 1.9% in the 3rd quarter. D.A. Davidson & CO. now owns 22,100 shares of the company’s stock worth $626,000 after buying an additional 409 shares during the last quarter. Finally, CIBC Asset Management Inc raised its position in shares of Toast by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 12,614 shares of the company’s stock valued at $357,000 after buying an additional 448 shares in the last quarter. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Insider Transactions at Toast

In other news, Director Deval L. Patrick sold 34,222 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $33.01, for a total value of $1,129,668.22. Following the completion of the transaction, the director now owns 13,260 shares in the company, valued at $437,712.60. This trade represents a 72.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Christopher P. Comparato sold 145,000 shares of Toast stock in a transaction that occurred on 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 sale, the director now owns 182,451 shares in the company, valued at $6,575,534.04. This represents a 44.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 254,641 shares of company stock valued at $8,937,776. Company insiders own 13.32% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on TOST. Robert W. Baird upped their target price on shares of Toast from $38.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. Morgan Stanley upped their price objective on Toast from $46.00 to $50.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Needham & Company LLC reiterated a “buy” rating and set a $50.00 price objective on shares of Toast in a research report on Thursday, February 20th. Royal Bank of Canada boosted their target price on Toast from $40.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 20th. Finally, BMO Capital Markets increased their price target on shares of Toast from $46.00 to $48.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Toast presently has an average rating of “Hold” and a consensus price target of $40.48.

Toast Price Performance

NYSE TOST opened at $34.78 on Tuesday. The business’s 50-day moving average is $38.05 and its 200 day moving average is $34.78. The stock has a market capitalization of $17.18 billion, a PE ratio of -3,474.23, a PEG ratio of 2.16 and a beta of 1.99. Toast, Inc. has a 1 year low of $21.32 and a 1 year high of $44.12.

Toast (NYSE:TOST) last announced its earnings results on Wednesday, February 19th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The business had revenue of $1.34 billion for 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%. As a group, equities research analysts anticipate that Toast, Inc. will post 0.39 earnings per share for the current 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.