Larson Financial Group LLC Purchases 6,488 Shares of Toast, Inc. (NYSE:TOST)

Larson Financial Group LLC grew its position in Toast, Inc. (NYSE:TOST) by 83.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,252 shares of the company’s stock after acquiring an additional 6,488 shares during the quarter. Larson Financial Group LLC’s holdings in Toast were worth $519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its holdings in shares of Toast by 32.3% in the third quarter. Farther Finance Advisors LLC now owns 2,033 shares of the company’s stock valued at $58,000 after purchasing an additional 496 shares in the last quarter. Kampmann Melissa S. grew its stake in shares of Toast by 28.9% in the 3rd quarter. Kampmann Melissa S. now owns 56,120 shares of the company’s stock worth $1,589,000 after buying an additional 12,590 shares in the last quarter. Lisanti Capital Growth LLC increased its holdings in shares of Toast by 43.0% in the 3rd quarter. Lisanti Capital Growth LLC now owns 60,245 shares of the company’s stock worth $1,706,000 after buying an additional 18,125 shares during the last quarter. Entropy Technologies LP purchased a new stake in shares of Toast during the 3rd quarter valued at about $894,000. Finally, GSA Capital Partners LLP lifted its holdings in shares of Toast by 179.7% in the 3rd quarter. GSA Capital Partners LLP now owns 53,064 shares of the company’s stock valued at $1,502,000 after acquiring an additional 34,090 shares during the last quarter. Institutional investors own 82.91% of the company’s stock.

Toast Price Performance

Shares of Toast stock opened at $34.77 on Monday. Toast, Inc. has a 1 year low of $21.32 and a 1 year high of $44.12. The stock has a market cap of $17.17 billion, a price-to-earnings ratio of -3,473.03, a PEG ratio of 2.16 and a beta of 1.99. The firm’s 50-day moving average is $38.36 and its two-hundred day moving average is $34.36.

Toast (NYSE:TOST) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Toast had a net margin of 0.40% and a return on equity of 1.54%. On average, equities analysts expect that Toast, Inc. will post 0.39 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Morgan Stanley boosted their price objective on Toast from $46.00 to $50.00 and gave the stock an “overweight” rating in a research note on Thursday, February 20th. Wells Fargo & Company increased 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. Keefe, Bruyette & Woods raised their price target on Toast from $40.00 to $42.00 and gave the stock a “market perform” rating in a research report on Thursday, February 20th. BMO Capital Markets raised their target price on shares of Toast from $46.00 to $48.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Finally, Needham & Company LLC restated a “buy” rating and set a $50.00 target price on shares of Toast in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Toast currently has a consensus rating of “Hold” and an average target price of $40.48.

Insider Buying and Selling at Toast

In other Toast news, General Counsel Brian R. Elworthy sold 653 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total value of $25,878.39. Following the completion of the sale, the general counsel now directly owns 209,206 shares in the company, valued at $8,290,833.78. This trade represents a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher P. Comparato sold 145,000 shares of the company’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $36.04, for a total value of $5,225,800.00. Following the transaction, the director now directly owns 182,451 shares in the company, valued at approximately $6,575,534.04. The trade was a 44.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 149,779 shares of company stock worth $5,415,192 over the last quarter. Insiders own 13.32% of the company’s stock.

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.