Donoghue Forlines LLC Makes New $2.03 Million Investment in Toast, Inc. (NYSE:TOST)

Donoghue Forlines LLC purchased a new position in shares of Toast, Inc. (NYSE:TOST) in the 4th quarter, Holdings Channel reports. The firm purchased 55,623 shares of the company’s stock, valued at approximately $2,027,000.

A number of other institutional investors have also made changes to their positions in TOST. Toth Financial Advisory Corp bought a new position in Toast in the third quarter valued at approximately $28,000. Raleigh Capital Management Inc. increased its holdings in Toast by 93.4% during the third quarter. Raleigh Capital Management Inc. now owns 1,491 shares of the company’s stock worth $42,000 after buying an additional 720 shares during the last quarter. Farther Finance Advisors LLC raised its position in Toast by 32.3% during the third quarter. Farther Finance Advisors LLC now owns 2,033 shares of the company’s stock worth $58,000 after acquiring an additional 496 shares in the last quarter. Global Trust Asset Management LLC bought a new stake in Toast during the fourth quarter worth $58,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Toast in the third quarter valued at $59,000. Institutional investors own 82.91% of the company’s stock.

Insider Buying and Selling

In other news, CEO Aman Narang sold 1,646 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $31.08, for a total value of $51,157.68. Following the completion of the transaction, the chief executive officer now directly owns 969,970 shares in the company, valued at approximately $30,146,667.60. This represents a 0.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Jonathan Vassil sold 1,367 shares of the business’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $31.08, for a total value of $42,486.36. Following the sale, the executive now owns 39,834 shares in the company, valued at $1,238,040.72. This represents a 3.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 562,600 shares of company stock worth $21,823,932 in the last ninety days. 13.32% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Compass Point began coverage on shares of Toast in a report on Wednesday, November 20th. They issued a “buy” rating and a $49.00 target price on the stock. Keefe, Bruyette & Woods upped their price objective on Toast from $29.00 to $40.00 and gave the company a “market perform” rating in a research note on Monday, December 9th. Robert W. Baird raised their price objective on Toast from $30.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Wedbush boosted their target price on Toast from $35.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Wells Fargo & Company raised their price target on Toast from $25.00 to $30.00 and gave the company an “underweight” rating in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Toast has an average rating of “Hold” and a consensus target price of $35.27.

Toast Trading Down 1.1 %

Shares of NYSE:TOST opened at $38.36 on Thursday. The firm has a 50 day moving average of $38.87 and a 200-day moving average of $31.25. Toast, Inc. has a 12 month low of $16.13 and a 12 month high of $44.12. The stock has a market capitalization of $18.07 billion, a PE ratio of -295.62, a PEG ratio of 2.04 and a beta of 1.97.

Toast (NYSE:TOST) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.01 by $0.06. Toast had a negative net margin of 1.05% and a negative return on equity of 3.84%. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the business earned ($0.09) earnings per share. On average, research analysts predict 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.