Cresset Asset Management LLC Purchases 452 Shares of Toast, Inc. (NYSE:TOST)

Cresset Asset Management LLC raised its position in Toast, Inc. (NYSE:TOST) by 0.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,593 shares of the company’s stock after acquiring an additional 452 shares during the period. Cresset Asset Management LLC’s holdings in Toast were worth $2,099,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. boosted its position in shares of Toast by 120.4% in the 4th quarter. Blue Trust Inc. now owns 692 shares of the company’s stock worth $25,000 after purchasing an additional 378 shares in the last quarter. Piscataqua Savings Bank purchased a new stake in shares of Toast during the fourth quarter worth about $26,000. Stonebridge Financial Group LLC purchased a new stake in shares of Toast during the fourth quarter worth about $34,000. SBI Securities Co. Ltd. acquired a new position in shares of Toast during the fourth quarter valued at about $35,000. Finally, Wingate Wealth Advisors Inc. acquired a new stake in Toast in the 4th quarter worth approximately $40,000. 82.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Oppenheimer began coverage on shares of Toast in a research note on Friday, January 24th. They set an “outperform” rating and a $46.00 price target on the stock. Royal Bank of Canada lifted their price target on Toast from $40.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 20th. Robert W. Baird increased their price objective on Toast from $38.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. Piper Sandler upped their target price on Toast from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Friday. Finally, UBS Group raised their price target on shares of Toast from $41.00 to $47.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. Thirteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Toast currently has a consensus rating of “Hold” and a consensus target price of $40.91.

Toast Price Performance

Toast stock opened at $40.85 on Friday. Toast, Inc. has a 12 month low of $21.32 and a 12 month high of $44.12. The stock has a market capitalization of $20.32 billion, a PE ratio of -4,080.92, a price-to-earnings-growth ratio of 2.16 and a beta of 1.98. The business has a 50 day simple moving average of $34.56 and a 200-day simple moving average of $36.81.

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

Insider Activity at Toast

In other Toast news, Director Christopher P. Comparato sold 70,000 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $35.71, for a total value of $2,499,700.00. Following the completion of the sale, the director now owns 164,796 shares in the company, valued at approximately $5,884,865.16. This represents a 29.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Stephen Fredette sold 70,340 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $33.87, for a total value of $2,382,415.80. Following the transaction, the president now owns 1,574,316 shares in the company, valued at approximately $53,322,082.92. This represents a 4.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 335,991 shares of company stock valued at $11,614,520. 13.32% of the stock is owned by corporate insiders.

Toast Company 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.