West Michigan Advisors LLC Takes Position in Toast, Inc. (NYSE:TOST)

West Michigan Advisors LLC acquired a new position in Toast, Inc. (NYSE:TOST) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 6,995 shares of the company’s stock, valued at approximately $255,000.

Other large investors also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its stake in Toast by 120.4% in the 4th quarter. Blue Trust Inc. now owns 692 shares of the company’s stock worth $25,000 after acquiring an additional 378 shares during the last quarter. Piscataqua Savings Bank bought a new position in shares of Toast in the fourth quarter worth approximately $26,000. Stonebridge Financial Group LLC purchased a new stake in Toast in the fourth quarter valued at approximately $34,000. Wingate Wealth Advisors Inc. bought a new stake in Toast during the fourth quarter valued at approximately $40,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in Toast in the 4th quarter worth approximately $42,000. Institutional investors own 82.91% of the company’s stock.

Toast Stock Performance

NYSE TOST opened at $38.65 on Friday. The stock has a market cap of $18.20 billion, a P/E ratio of -3,860.74, a price-to-earnings-growth ratio of 2.16 and a beta of 1.98. Toast, Inc. has a fifty-two week low of $21.32 and a fifty-two week high of $44.12. The stock has a 50 day simple moving average of $38.61 and a two-hundred day simple moving average of $33.92.

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

Analyst Upgrades and Downgrades

TOST has been the topic of several research reports. Royal Bank of Canada raised their price objective on shares of Toast from $40.00 to $45.00 and gave the company a “sector perform” rating in a research report on Thursday, February 20th. Deutsche Bank Aktiengesellschaft raised their price target on Toast from $24.00 to $30.00 and gave the company a “hold” rating in a research report on Monday, November 4th. BNP Paribas set a $37.00 price objective on Toast and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Canaccord Genuity Group raised their price objective on Toast from $43.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Finally, The Goldman Sachs Group set a $40.00 target price on Toast and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $40.09.

Insider Activity

In related news, CFO Elena Gomez sold 2,052 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total value of $81,320.76. Following the sale, the chief financial officer now directly owns 160,498 shares of the company’s stock, valued at $6,360,535.74. This represents a 1.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Christopher P. Comparato sold 145,000 shares of the firm’s stock in a transaction on Thursday, December 19th. The shares were 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 of the company’s stock, valued at $6,575,534.04. This represents a 44.28 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 149,779 shares of company stock valued at $5,415,192. Corporate insiders own 13.32% of the company’s stock.

About Toast

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.