Greenwood Gearhart Inc. Purchases New Holdings in Toast, Inc. (NYSE:TOST)

Greenwood Gearhart Inc. bought a new stake in Toast, Inc. (NYSE:TOST - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 68,300 shares of the company's stock, valued at approximately $2,490,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in Toast by 120.4% during the 4th quarter. Blue Trust Inc. now owns 692 shares of the company's stock worth $25,000 after purchasing an additional 378 shares during the period. Piscataqua Savings Bank purchased a new stake in shares of Toast in the fourth quarter worth about $26,000. Stonebridge Financial Group LLC acquired a new stake in shares of Toast in the fourth quarter valued at about $34,000. SBI Securities Co. Ltd. purchased a new stake in shares of Toast during the 4th quarter valued at about $35,000. Finally, Wingate Wealth Advisors Inc. purchased a new stake in shares of Toast during the 4th quarter valued at about $40,000. Hedge funds and other institutional investors own 82.91% of the company's stock.

Insider Transactions at Toast

In other news, CFO Elena Gomez sold 2,052 shares of the business's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total transaction of $81,320.76. Following the sale, the chief financial officer now directly 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Brian R. Elworthy sold 653 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total value of $25,878.39. Following the completion of the transaction, the general counsel now owns 209,206 shares of the company's stock, valued at $8,290,833.78. This trade represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 340,770 shares of company stock valued at $11,803,911 in the last quarter. Insiders own 13.32% of the company's stock.

Toast Stock Performance

Shares of NYSE:TOST traded up $0.01 during trading on Friday, reaching $34.30. The company had a trading volume of 4,887,706 shares, compared to its average volume of 6,829,247. Toast, Inc. has a twelve month low of $21.32 and a twelve month high of $44.12. The firm has a market capitalization of $16.95 billion, a PE ratio of -3,426.97, a price-to-earnings-growth ratio of 2.16 and a beta of 2.00. The firm's fifty day moving average is $35.43 and its 200 day moving average is $36.14.

Toast (NYSE:TOST - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share (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 for the quarter, compared to the consensus estimate of $1.32 billion. Equities analysts predict that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on TOST. BMO Capital Markets boosted their price objective on shares of Toast from $46.00 to $48.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. The Goldman Sachs Group cut their price objective on Toast from $43.00 to $38.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods lifted their target price on Toast from $40.00 to $42.00 and gave the stock a "market perform" rating in a research report on Thursday, February 20th. Needham & Company LLC reiterated a "buy" rating and issued a $50.00 price target on shares of Toast in a report on Thursday, February 20th. Finally, Royal Bank of Canada raised 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. Thirteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $40.09.

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.