Stratos Wealth Partners LTD. Invests $308,000 in Toast, Inc. (NYSE:TOST)

Stratos Wealth Partners LTD. bought a new position in Toast, Inc. (NYSE:TOST - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 8,462 shares of the company's stock, valued at approximately $308,000.

Several other large investors have also recently made changes to their positions in TOST. Blue Trust Inc. grew its position in Toast by 120.4% in the fourth 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 purchased a new position in Toast in the fourth quarter worth about $26,000. Toth Financial Advisory Corp purchased a new position in Toast in the third quarter worth about $28,000. Raleigh Capital Management Inc. grew its position in Toast by 93.4% in the third quarter. Raleigh Capital Management Inc. now owns 1,491 shares of the company's stock worth $42,000 after acquiring an additional 720 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position in Toast by 32.3% in the third quarter. Farther Finance Advisors LLC now owns 2,033 shares of the company's stock worth $58,000 after acquiring an additional 496 shares in the last quarter. 82.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on TOST. Piper Sandler lifted their price target on Toast from $25.00 to $35.00 and gave the stock a "neutral" rating in a research report on Monday, November 11th. Wells Fargo & Company boosted 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. The Goldman Sachs Group dropped their target price on Toast from $45.00 to $40.00 and set a "neutral" rating for the company in a research report on Friday, January 10th. Morgan Stanley boosted their target price on Toast from $30.00 to $33.00 and gave the company an "overweight" rating in a research report on Tuesday, October 22nd. Finally, DA Davidson restated a "neutral" rating and set a $38.00 target price (down previously from $44.00) on shares of Toast in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, Toast presently has a consensus rating of "Hold" and an average price target of $36.09.

Toast Stock Performance

NYSE:TOST traded up $0.37 during trading hours on Friday, reaching $40.57. The company's stock had a trading volume of 8,107,949 shares, compared to its average volume of 4,935,838. The company has a market capitalization of $19.11 billion, a P/E ratio of -312.11, a price-to-earnings-growth ratio of 2.25 and a beta of 1.98. Toast, Inc. has a 12 month low of $18.47 and a 12 month high of $44.12. The stock has a 50 day moving average price of $38.43 and a two-hundred day moving average price of $33.02.

Insider Buying and Selling

In related news, CFO Elena Gomez sold 2,052 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total value 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. The trade was a 1.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David Yuan sold 189,785 shares of the business's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $43.01, for a total transaction of $8,162,652.85. Following the completion of the transaction, the director now directly owns 198,829 shares of the company's stock, valued at $8,551,635.29. This trade represents a 48.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 362,449 shares of company stock valued at $14,538,099 over the last 90 days. Corporate insiders own 13.32% of the company's stock.

About Toast

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.