Private Advisor Group LLC Has $797,000 Holdings in Toast, Inc. (NYSE:TOST)

Private Advisor Group LLC increased its stake in shares of Toast, Inc. (NYSE:TOST) by 1.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 28,151 shares of the company’s stock after acquiring an additional 441 shares during the period. Private Advisor Group LLC’s holdings in Toast were worth $797,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Raleigh Capital Management Inc. increased its holdings in shares of Toast by 93.4% during the 3rd quarter. Raleigh Capital Management Inc. now owns 1,491 shares of the company’s stock valued at $42,000 after acquiring an additional 720 shares during the last quarter. 1858 Wealth Management LLC acquired a new position in shares of Toast during the 3rd quarter valued at about $209,000. Toth Financial Advisory Corp acquired a new position in shares of Toast during the 3rd quarter valued at about $28,000. Penn Davis Mcfarland Inc. acquired a new position in shares of Toast during the 3rd quarter valued at about $212,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Toast by 61.1% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 38,331 shares of the company’s stock valued at $1,085,000 after acquiring an additional 14,538 shares during the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Stephens increased their target price on Toast from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. increased their target price on Toast from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Royal Bank of Canada restated a “sector perform” rating and set a $27.00 target price on shares of Toast in a research note on Wednesday, August 7th. Needham & Company LLC restated a “buy” rating and set a $30.00 target price on shares of Toast in a research note on Wednesday, August 7th. Finally, Mizuho upgraded Toast from a “neutral” rating to an “outperform” rating and increased their target price for the company from $21.00 to $33.00 in a research note on Thursday, July 18th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Toast presently has an average rating of “Moderate Buy” and a consensus price target of $29.26.

Toast Stock Up 3.2 %

Shares of Toast stock opened at $30.98 on Friday. The stock has a market capitalization of $14.28 billion, a P/E ratio of -106.82 and a beta of 1.74. The company has a 50-day simple moving average of $27.37 and a 200 day simple moving average of $25.60. Toast, Inc. has a 12-month low of $13.77 and a 12-month high of $31.57.

Toast (NYSE:TOST) last announced its earnings results on Tuesday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.04. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Toast had a negative net margin of 3.10% and a negative return on equity of 11.27%. The firm’s revenue for the quarter was up 27.0% on a year-over-year basis. During the same quarter last year, the company posted ($0.19) EPS. On average, equities analysts anticipate that Toast, Inc. will post -0.1 earnings per share for the current year.

Insiders Place Their Bets

In other Toast news, General Counsel Brian R. Elworthy sold 2,878 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $27.77, for a total transaction of $79,922.06. Following the sale, the general counsel now owns 177,836 shares of the company’s stock, valued at $4,938,505.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Toast news, General Counsel Brian R. Elworthy sold 2,878 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $27.77, for a total transaction of $79,922.06. Following the sale, the general counsel now owns 177,836 shares of the company’s stock, valued at $4,938,505.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO Jonathan Vassil sold 50,000 shares of the stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $30.39, for a total transaction of $1,519,500.00. Following the sale, the executive now directly owns 38,266 shares in the company, valued at approximately $1,162,903.74. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,370,721 shares of company stock valued at $37,996,988 in the last 90 days. 13.32% of the stock is currently owned by insiders.

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.