Fiduciary Alliance LLC Has $1.74 Million Stock Holdings in Toast, Inc. $TOST

Fiduciary Alliance LLC raised its stake in shares of Toast, Inc. (NYSE:TOST) by 60.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,533 shares of the company’s stock after purchasing an additional 17,846 shares during the quarter. Fiduciary Alliance LLC’s holdings in Toast were worth $1,735,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Wedmont Private Capital lifted its position in shares of Toast by 6.5% during the 3rd quarter. Wedmont Private Capital now owns 10,888 shares of the company’s stock worth $405,000 after buying an additional 665 shares during the period. Trinity Financial Advisors LLC raised its stake in Toast by 2.5% during the third quarter. Trinity Financial Advisors LLC now owns 12,094 shares of the company’s stock worth $442,000 after acquiring an additional 296 shares in the last quarter. Wynn Capital LLC lifted its holdings in shares of Toast by 2.7% during the third quarter. Wynn Capital LLC now owns 13,475 shares of the company’s stock valued at $492,000 after acquiring an additional 360 shares during the period. Mirador Capital Partners LP boosted its stake in shares of Toast by 9.9% in the 3rd quarter. Mirador Capital Partners LP now owns 55,351 shares of the company’s stock valued at $2,021,000 after purchasing an additional 4,964 shares in the last quarter. Finally, Oak Thistle LLC bought a new stake in shares of Toast in the 3rd quarter worth about $584,000. 82.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TOST has been the subject of several analyst reports. UBS Group reissued a “buy” rating on shares of Toast in a report on Thursday. Wall Street Zen upgraded shares of Toast from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Robert W. Baird reduced their target price on Toast from $48.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Royal Bank Of Canada set a $45.00 price target on Toast in a research report on Wednesday, November 5th. Finally, BNP Paribas Exane upgraded Toast from a “neutral” rating to an “outperform” rating and set a $40.00 price objective for the company in a research report on Monday, December 1st. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Toast has an average rating of “Moderate Buy” and an average price target of $45.18.

Insiders Place Their Bets

In other news, General Counsel Brian R. Elworthy sold 4,987 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $35.56, for a total value of $177,337.72. Following the transaction, the general counsel owned 227,924 shares of the company’s stock, valued at approximately $8,104,977.44. This trade represents a 2.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Stephen Fredette sold 7,550 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $35.56, for a total transaction of $268,478.00. Following the sale, the president directly owned 898,475 shares of the company’s stock, valued at approximately $31,949,771. This trade represents a 0.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 49,759 shares of company stock valued at $1,769,270 over the last 90 days. Corporate insiders own 12.14% of the company’s stock.

Toast Price Performance

Shares of Toast stock opened at $36.60 on Friday. The firm has a 50 day simple moving average of $35.86 and a 200 day simple moving average of $40.40. Toast, Inc. has a fifty-two week low of $28.12 and a fifty-two week high of $49.66. The firm has a market cap of $18.85 billion, a P/E ratio of 85.11 and a beta of 1.94.

Toast (NYSE:TOST) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.58 billion. Toast had a net margin of 4.68% and a return on equity of 15.77%. The firm’s quarterly revenue was up 25.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.07 earnings per share. On average, sell-side analysts expect that Toast, Inc. will post 0.39 EPS 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.