Wealthfront Advisers LLC Takes $579,000 Position in Toast, Inc. (NYSE:TOST)

Wealthfront Advisers LLC bought a new stake in shares of Toast, Inc. (NYSE:TOST - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,883 shares of the company's stock, valued at approximately $579,000.

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

Toast Trading Up 2.3 %

TOST traded up $0.80 during trading on Thursday, hitting $35.90. The stock had a trading volume of 6,024,451 shares, compared to its average volume of 6,513,179. The firm has a market cap of $17.73 billion, a PE ratio of -3,586.01, a P/E/G ratio of 2.16 and a beta of 1.99. Toast, Inc. has a 12 month low of $21.32 and a 12 month high of $44.12. The company has a 50 day simple moving average of $37.90 and a 200-day simple moving average of $34.91.

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Toast (NYSE:TOST - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.32 billion. Toast had a return on equity of 1.54% and a net margin of 0.40%. As a group, sell-side analysts anticipate that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Toast news, President Stephen Fredette sold 1,068 shares of the firm'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 $42,324.84. Following the sale, the president now directly owns 1,644,656 shares in the company, valued at $65,177,717.28. This trade represents a 0.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Elena Gomez sold 2,052 shares of the firm'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 completion of the sale, the chief financial officer now owns 160,498 shares in the company, valued at $6,360,535.74. This represents a 1.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 156,714 shares of company stock worth $5,360,943 in the last ninety days. Insiders own 13.32% of the company's stock.

Wall Street Analysts Forecast Growth

TOST has been the subject of a number of recent analyst reports. Royal Bank of Canada raised their price objective on shares of Toast from $40.00 to $45.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 20th. Robert W. Baird raised their price objective on shares of Toast from $38.00 to $40.00 and gave the stock a "neutral" rating in a research note on Thursday, February 20th. BMO Capital Markets raised their price objective on shares of Toast from $46.00 to $48.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Wells Fargo & Company raised their price objective on shares of Toast from $25.00 to $30.00 and gave the stock an "underweight" rating in a research note on Thursday, January 16th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $50.00 price objective on shares of Toast in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Toast has an average rating of "Hold" and a consensus price target of $40.48.

Toast Company 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.