Pinnacle Wealth Planning Services Inc. Invests $280,000 in Toast, Inc. (NYSE:TOST)

Pinnacle Wealth Planning Services Inc. purchased a new position in Toast, Inc. (NYSE:TOST - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,672 shares of the company's stock, valued at approximately $280,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. boosted its stake 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 buying an additional 378 shares in the last quarter. Piscataqua Savings Bank purchased a new stake in shares of Toast in the 4th quarter valued at $26,000. Stonebridge Financial Group LLC bought a new position in shares of Toast during the 4th quarter valued at $34,000. SBI Securities Co. Ltd. purchased a new position in Toast in the 4th quarter worth $35,000. Finally, Wingate Wealth Advisors Inc. purchased a new position in Toast in the 4th quarter worth $40,000. Hedge funds and other institutional investors own 82.91% of the company's stock.

Insider Buying and Selling at Toast

In related 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 value of $81,320.76. Following the transaction, the chief financial officer now owns 160,498 shares in the company, valued at $6,360,535.74. The trade was a 1.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Christopher P. Comparato sold 145,000 shares of the firm's stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $36.04, for a total transaction of $5,225,800.00. Following the sale, the director now owns 182,451 shares of the company's stock, valued at approximately $6,575,534.04. This represents a 44.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 149,779 shares of company stock valued at $5,415,192. Corporate insiders own 13.32% of the company's stock.

Remove Ads

Toast Price Performance

TOST stock traded down $0.04 during midday trading on Tuesday, hitting $33.45. The stock had a trading volume of 7,022,471 shares, compared to its average volume of 6,687,958. The business has a 50-day moving average of $38.29 and a two-hundred day moving average of $34.51. The firm has a market cap of $16.52 billion, a price-to-earnings ratio of -3,341.46, a price-to-earnings-growth ratio of 2.16 and a beta of 1.99. Toast, Inc. has a 52-week low of $21.32 and a 52-week high of $44.12.

Toast (NYSE:TOST - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share 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 business had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.32 billion. Research analysts predict that Toast, Inc. will post 0.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TOST has been the subject of several analyst reports. UBS Group raised their price objective on Toast from $41.00 to $47.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. DA Davidson restated a "neutral" rating and set a $38.00 price target (down from $44.00) on shares of Toast in a research report on Thursday, December 5th. BNP Paribas set a $37.00 price target on Toast and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. Compass Point initiated coverage on Toast in a research note on Wednesday, November 20th. They set a "buy" rating and a $49.00 price objective for the company. Finally, Royal Bank of Canada raised their target price on shares of Toast from $40.00 to $45.00 and gave the stock a "sector perform" rating in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $40.48.

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.