Gerber Kawasaki Wealth & Investment Management Takes $371,000 Position in Toast, Inc. (NYSE:TOST)

Gerber Kawasaki Wealth & Investment Management acquired a new position in Toast, Inc. (NYSE:TOST - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 10,165 shares of the company's stock, valued at approximately $371,000.

A number of other large investors have also recently added to or reduced their stakes in TOST. Blue Trust Inc. increased its position in Toast by 120.4% during the fourth 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. Piscataqua Savings Bank purchased a new stake in Toast during the 4th quarter worth about $26,000. Stonebridge Financial Group LLC acquired a new position in Toast in the 4th quarter valued at about $34,000. SBI Securities Co. Ltd. purchased a new position in Toast in the 4th quarter valued at about $35,000. Finally, Wingate Wealth Advisors Inc. acquired a new stake in shares of Toast during the 4th quarter worth about $40,000. 82.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on TOST shares. BNP Paribas set a $37.00 price objective on shares of Toast and gave the company a "neutral" rating in a research report on Wednesday, February 19th. The Goldman Sachs Group decreased their target price on Toast from $43.00 to $38.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Toast from $36.00 to $42.00 and gave the stock a "neutral" rating in a research note on Thursday, February 20th. Wells Fargo & Company raised shares of Toast from an "underweight" rating to an "overweight" rating and raised their target price for the company from $30.00 to $39.00 in a research note on Thursday, April 10th. Finally, Oppenheimer began coverage on shares of Toast in a research report on Friday, January 24th. They set an "outperform" rating and a $46.00 price target for the company. Thirteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $40.26.

Insider Activity at Toast

In related news, General Counsel Brian R. Elworthy sold 653 shares of the business'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 $25,878.39. Following the completion of the sale, the general counsel now owns 209,206 shares of the company's stock, valued at $8,290,833.78. This represents a 0.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Stephen Fredette sold 1,068 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total transaction of $42,324.84. Following the sale, the president now owns 1,644,656 shares in the company, valued at approximately $65,177,717.28. This trade represents a 0.06 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 340,770 shares of company stock valued at $11,803,911. Corporate insiders own 13.32% of the company's stock.

Toast Price Performance

Shares of TOST stock opened at $36.12 on Friday. The firm has a market cap of $17.84 billion, a P/E ratio of -3,608.39, a P/E/G ratio of 2.16 and a beta of 2.00. The firm has a fifty day moving average of $34.85 and a two-hundred day moving average of $36.36. Toast, Inc. has a 1-year low of $21.32 and a 1-year high of $44.12.

Toast (NYSE:TOST - Get Free Report) last posted its quarterly 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). Toast had a return on equity of 1.54% and a net margin of 0.40%. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.32 billion. On average, sell-side analysts expect that Toast, Inc. will post 0.39 EPS for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.