Cetera Investment Advisers Buys 19,861 Shares of Toast, Inc. (NYSE:TOST)

Cetera Investment Advisers grew its stake in Toast, Inc. (NYSE:TOST) by 59.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 53,248 shares of the company’s stock after purchasing an additional 19,861 shares during the period. Cetera Investment Advisers’ holdings in Toast were worth $1,941,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Blue Trust Inc. boosted its holdings in shares of Toast by 120.4% in the 4th quarter. Blue Trust Inc. now owns 692 shares of the company’s stock worth $25,000 after acquiring an additional 378 shares in the last quarter. Piscataqua Savings Bank acquired a new position in shares of Toast in the 4th quarter worth approximately $26,000. Stonebridge Financial Group LLC acquired a new position in shares of Toast in the 4th quarter worth approximately $34,000. SBI Securities Co. Ltd. acquired a new position in shares of Toast in the 4th quarter worth approximately $35,000. Finally, Wingate Wealth Advisors Inc. acquired a new position in shares of Toast in the 4th quarter worth approximately $40,000. 82.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on TOST shares. Piper Sandler boosted their target price on Toast from $35.00 to $37.00 and gave the stock a “neutral” rating in a report on Friday, May 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price objective on shares of Toast in a 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 Friday, May 9th. Keefe, Bruyette & Woods upped their price objective on Toast from $40.00 to $42.00 and gave the stock a “market perform” rating in a report on Thursday, February 20th. Finally, Wolfe Research raised Toast from a “peer perform” rating to an “outperform” rating and set a $44.00 price objective on the stock in a report on Wednesday, April 23rd. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Toast currently has an average rating of “Hold” and a consensus price target of $40.91.

Toast Stock Down 0.1%

TOST opened at $44.68 on Tuesday. Toast, Inc. has a 12 month low of $21.32 and a 12 month high of $45.56. The company has a fifty day simple moving average of $35.75 and a 200 day simple moving average of $37.51. The stock has a market cap of $22.25 billion, a P/E ratio of -4,463.54, a P/E/G ratio of 2.16 and a beta of 1.98.

Toast (NYSE:TOST) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Toast had a net margin of 0.40% and a return on equity of 1.54%. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.32 billion. On average, equities research analysts expect that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Toast news, Director Christopher P. Comparato sold 70,000 shares of the stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $44.74, for a total transaction of $3,131,800.00. Following the completion of the transaction, the director now owns 187,140 shares in the company, valued at approximately $8,372,643.60. This represents a 27.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul D. Bell sold 11,000 shares of the firm’s stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $45.13, for a total value of $496,430.00. Following the completion of the transaction, the director now owns 229,680 shares of the company’s stock, valued at $10,365,458.40. The trade was a 4.57% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 416,991 shares of company stock worth $15,242,750. Corporate insiders own 13.32% of the company’s stock.

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.