Fiduciary Financial Group LLC Purchases Shares of 46,784 Toast, Inc. $TOST

Fiduciary Financial Group LLC acquired a new position in shares of Toast, Inc. (NYSE:TOST) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 46,784 shares of the company’s stock, valued at approximately $1,661,000.

A number of other large investors have also recently made changes to their positions in the business. Wealth Management Partners LLC grew its holdings in shares of Toast by 39.4% during the fourth quarter. Wealth Management Partners LLC now owns 8,783 shares of the company’s stock valued at $312,000 after buying an additional 2,483 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Toast by 285.3% during the fourth quarter. SG Americas Securities LLC now owns 288,286 shares of the company’s stock worth $10,237,000 after acquiring an additional 213,459 shares in the last quarter. Diversified Trust Co. raised its holdings in shares of Toast by 58.9% in the 4th quarter. Diversified Trust Co. now owns 29,365 shares of the company’s stock worth $1,043,000 after acquiring an additional 10,881 shares during the last quarter. TABR Capital Management LLC bought a new position in Toast in the 4th quarter valued at about $987,000. Finally, Elevation Wealth Partners LLC acquired a new position in Toast during the 4th quarter valued at about $53,000. 82.91% of the stock is owned by institutional investors.

Insider Transactions at Toast

In related news, General Counsel Brian R. Elworthy sold 3,303 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $34.38, for a total value of $113,557.14. Following the transaction, the general counsel directly owned 235,757 shares of the company’s stock, valued at approximately $8,105,325.66. The trade was a 1.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Aman Narang sold 8,591 shares of the stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $34.38, for a total transaction of $295,358.58. Following the transaction, the chief executive officer owned 338,850 shares of the company’s stock, valued at approximately $11,649,663. The trade was a 2.47% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 100,856 shares of company stock worth $3,540,449. Company insiders own 12.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Citigroup decreased their price objective on Toast from $51.00 to $42.00 and set a “buy” rating for the company in a report on Friday, February 13th. Jefferies Financial Group set a $35.00 target price on Toast in a research report on Friday, February 13th. JPMorgan Chase & Co. upgraded Toast from a “neutral” rating to an “overweight” rating and set a $43.00 price target for the company in a report on Thursday, December 4th. Wolfe Research lowered Toast from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 8th. Finally, Wells Fargo & Company dropped their price objective on Toast from $47.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, February 13th. Seventeen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Toast has an average rating of “Moderate Buy” and a consensus price target of $40.46.

Toast Stock Down 3.4%

Toast stock opened at $26.63 on Wednesday. Toast, Inc. has a 52 week low of $24.35 and a 52 week high of $49.66. The company’s 50 day moving average price is $29.31 and its two-hundred day moving average price is $34.01. The stock has a market cap of $13.95 billion, a P/E ratio of 49.31 and a beta of 1.95.

Toast (NYSE:TOST) last released its earnings results on Thursday, February 12th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.08). The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.62 billion. Toast had a net margin of 5.56% and a return on equity of 18.14%. The business’s revenue was up 22.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.05 earnings per share. On average, equities analysts anticipate that Toast, Inc. will post 0.39 EPS for the current year.

Toast declared that its board has authorized a share buyback plan on Thursday, February 12th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Toast Profile

Toast, Inc (NYSE: TOST) is a technology company that builds a cloud-based platform for restaurants and other foodservice businesses. Headquartered in Boston, Massachusetts, Toast offers integrated point-of-sale (POS) systems and a suite of software and hardware designed to streamline front-of-house and back-of-house operations. The company went public in 2021 and has positioned itself as a vertically integrated provider for the restaurant industry.

Toast’s product portfolio includes touchscreen POS terminals and handheld order-and-pay devices, kitchen display systems, and peripherals tailored for high-volume foodservice environments.