6,100 Shares in Toast, Inc. (NYSE:TOST) Purchased by Chung Wu Investment Group LLC

Chung Wu Investment Group LLC acquired a new position in shares of Toast, Inc. (NYSE:TOST) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,100 shares of the company’s stock, valued at approximately $222,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pinnacle Wealth Planning Services Inc. bought a new position in shares of Toast in the fourth quarter worth about $280,000. Raymond James Financial Inc. bought a new position in Toast in the 4th quarter valued at approximately $21,465,000. Arizona State Retirement System raised its holdings in Toast by 9.6% in the 4th quarter. Arizona State Retirement System now owns 113,813 shares of the company’s stock valued at $4,148,000 after buying an additional 9,985 shares during the last quarter. Aigen Investment Management LP bought a new position in Toast in the 4th quarter valued at approximately $375,000. Finally, M&T Bank Corp raised its holdings in Toast by 12.3% in the 4th quarter. M&T Bank Corp now owns 34,762 shares of the company’s stock valued at $1,267,000 after buying an additional 3,807 shares during the last quarter. Institutional investors own 82.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TOST. Morgan Stanley increased their target price on shares of Toast from $46.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday, February 20th. Robert W. Baird raised their price objective on shares of Toast from $38.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. Canaccord Genuity Group raised their price objective on shares of Toast from $43.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. BMO Capital Markets raised their price objective on shares of Toast from $46.00 to $48.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Finally, Oppenheimer began coverage on shares of Toast in a research report on Friday, January 24th. They set an “outperform” rating and a $46.00 price objective for the company. 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 data from MarketBeat, Toast presently has an average rating of “Hold” and a consensus price target of $40.48.

Insider Transactions at Toast

In other Toast news, CFO Elena Gomez sold 2,052 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 160,498 shares in the company, valued at approximately $6,360,535.74. The trade was a 1.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Christopher P. Comparato sold 145,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now owns 182,451 shares of the company’s stock, valued at $6,575,534.04. The trade was a 44.28 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 149,779 shares of company stock valued at $5,415,192. 13.32% of the stock is owned by corporate insiders.

Toast Stock Up 3.8 %

TOST stock opened at $36.53 on Thursday. The firm has a market capitalization of $18.04 billion, a PE ratio of -3,648.85, a PEG ratio of 2.16 and a beta of 1.98. Toast, Inc. has a twelve month low of $21.32 and a twelve month high of $44.12. The stock has a 50-day simple moving average of $38.53 and a two-hundred day simple moving average of $34.21.

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

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.