113,032 Shares in Toast, Inc. (NYSE:TOST) Acquired by Kessler Investment Group LLC

Kessler Investment Group LLC acquired a new stake in shares of Toast, Inc. (NYSE:TOST - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 113,032 shares of the company's stock, valued at approximately $4,120,000. Toast comprises about 2.0% of Kessler Investment Group LLC's investment portfolio, making the stock its 23rd biggest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TOST. Blue Trust Inc. lifted its stake in shares of Toast by 120.4% during the 4th quarter. Blue Trust Inc. now owns 692 shares of the company's stock valued at $25,000 after buying an additional 378 shares in the last quarter. Piscataqua Savings Bank bought a new stake in Toast during the 4th quarter valued at $26,000. Toth Financial Advisory Corp purchased a new position in shares of Toast in the third quarter valued at $28,000. Stonebridge Financial Group LLC purchased a new position in shares of Toast in the fourth quarter valued at $34,000. Finally, Wingate Wealth Advisors Inc. purchased a new position in shares of Toast in the fourth quarter valued at $40,000. Institutional investors own 82.91% of the company's stock.

Insider Buying and Selling at Toast

In other Toast news, CFO Elena Gomez sold 2,052 shares of the company's stock in a transaction 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 directly owns 160,498 shares in the company, valued at approximately $6,360,535.74. This represents a 1.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Brian R. Elworthy sold 653 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 $25,878.39. Following the completion of the transaction, the general counsel now directly owns 209,206 shares of the company's stock, valued at approximately $8,290,833.78. The trade was a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 339,564 shares of company stock valued at $13,577,845 in the last quarter. Company insiders own 13.32% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on TOST shares. Royal Bank of Canada raised their target price on Toast from $27.00 to $40.00 and gave the stock a "sector perform" rating in a research note on Friday, November 8th. Wedbush boosted their price objective on shares of Toast from $35.00 to $45.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Compass Point began coverage on shares of Toast in a research note on Wednesday, November 20th. They issued a "buy" rating and a $49.00 target price on the stock. Oppenheimer initiated coverage on shares of Toast in a report on Friday, January 24th. They issued an "outperform" rating and a $46.00 price target on the stock. Finally, JPMorgan Chase & Co. increased their price objective on Toast from $28.00 to $36.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Toast presently has a consensus rating of "Hold" and a consensus price target of $36.09.

Toast Stock Down 4.3 %

Shares of TOST traded down $1.81 during trading hours on Wednesday, hitting $40.10. The company had a trading volume of 15,300,197 shares, compared to its average volume of 5,726,231. Toast, Inc. has a 52-week low of $20.49 and a 52-week high of $44.12. The stock's 50 day moving average price is $38.59 and its 200 day moving average price is $33.30. The firm has a market cap of $18.89 billion, a P/E ratio of -308.48, a P/E/G ratio of 2.17 and a beta of 1.98.

Toast (NYSE:TOST - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). Toast had a negative net margin of 1.05% and a negative return on equity of 3.84%. On average, research analysts expect that Toast, Inc. will post 0.03 EPS 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.