AssuredPartners Investment Advisors LLC Buys Shares of 12,971 Toast, Inc. (NYSE:TOST)

AssuredPartners Investment Advisors LLC purchased a new stake in shares of Toast, Inc. (NYSE:TOST - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 12,971 shares of the company's stock, valued at approximately $473,000.

Several other large investors have also added to or reduced their stakes in the company. 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 valued at $25,000 after acquiring an additional 378 shares during the last quarter. Piscataqua Savings Bank purchased a new position in shares of Toast during the 4th quarter valued at about $26,000. Stonebridge Financial Group LLC acquired a new position in shares of Toast in the 4th quarter valued at about $34,000. SBI Securities Co. Ltd. acquired a new position in shares of Toast in the 4th quarter valued at about $35,000. Finally, Wingate Wealth Advisors Inc. purchased a new position in Toast during the fourth quarter valued at approximately $40,000. Hedge funds and other institutional investors own 82.91% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. The Goldman Sachs Group set a $40.00 price target on Toast and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. BNP Paribas set a $37.00 target price on shares of Toast and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. boosted their target price on Toast from $36.00 to $42.00 and gave the stock a "neutral" rating in a report on Thursday, February 20th. Robert W. Baird increased their price target on Toast from $38.00 to $40.00 and gave the company a "neutral" rating in a report on Thursday, February 20th. Finally, Royal Bank of Canada boosted their price objective on Toast from $40.00 to $45.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, Toast presently has an average rating of "Hold" and an average target price of $40.48.

Insiders Place Their Bets

In other news, CFO Elena Gomez sold 2,052 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were 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 owns 160,498 shares of the company's stock, valued at $6,360,535.74. This represents a 1.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Deval L. Patrick sold 34,222 shares of the business's stock in a transaction dated 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 sale, the director now owns 13,260 shares of the company's stock, valued at $437,712.60. The trade was a 72.07 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 270,770 shares of company stock worth $9,409,211. 13.32% of the stock is owned by company insiders.

Toast Price Performance

Shares of TOST stock traded up $1.11 during trading hours on Tuesday, reaching $34.28. 1,691,907 shares of the stock were exchanged, compared to its average volume of 6,715,792. The firm has a market capitalization of $16.94 billion, a P/E ratio of -3,413.09, a P/E/G ratio of 2.16 and a beta of 1.99. The business's fifty day moving average is $37.63 and its two-hundred day moving average is $35.60. Toast, Inc. has a 12-month low of $21.32 and a 12-month high of $44.12.

Toast (NYSE:TOST - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $1.34 billion for the quarter, compared to analysts' expectations 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 predict that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Toast 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.