Piscataqua Savings Bank Acquires Shares of 700 Toast, Inc. (NYSE:TOST)

Piscataqua Savings Bank bought a new position in Toast, Inc. (NYSE:TOST) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 700 shares of the company’s stock, valued at approximately $26,000.

Several other large investors have also recently added to or reduced their stakes in TOST. American Century Companies Inc. raised its stake in shares of Toast by 25.5% during the 2nd quarter. American Century Companies Inc. now owns 27,844 shares of the company’s stock worth $718,000 after buying an additional 5,651 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Toast by 6.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,161,572 shares of the company’s stock worth $29,933,000 after acquiring an additional 68,875 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Toast during the 2nd quarter worth $2,879,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Toast by 65.2% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 67,001 shares of the company’s stock worth $1,727,000 after purchasing an additional 26,436 shares during the period. Finally, Toronto Dominion Bank increased its holdings in shares of Toast by 5.3% in the 2nd quarter. Toronto Dominion Bank now owns 34,201 shares of the company’s stock valued at $881,000 after purchasing an additional 1,735 shares in the last quarter. 82.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Toast

In related news, Director Richard Kent Bennett sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $36.67, for a total transaction of $3,667,000.00. Following the sale, the director now directly owns 418,591 shares in the company, valued at approximately $15,349,731.97. This trade represents a 19.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Aman Narang sold 1,646 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $31.08, for a total value of $51,157.68. Following the completion of the transaction, the chief executive officer now owns 969,970 shares of the company’s stock, valued at approximately $30,146,667.60. This represents a 0.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 562,600 shares of company stock valued at $21,823,932 over the last three months. 13.32% of the stock is owned by company insiders.

Toast Stock Performance

TOST opened at $39.33 on Monday. The company has a market cap of $18.52 billion, a PE ratio of -302.52, a price-to-earnings-growth ratio of 2.05 and a beta of 1.97. Toast, Inc. has a 1 year low of $16.13 and a 1 year high of $44.12. The firm has a 50 day moving average price of $38.83 and a 200 day moving average price of $31.51.

Toast (NYSE:TOST) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.06. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. Toast had a negative net margin of 1.05% and a negative return on equity of 3.84%. During the same quarter in the prior year, the business earned ($0.09) earnings per share. On average, sell-side analysts predict that Toast, Inc. will post 0.03 earnings per share for the current year.

Analyst Ratings Changes

TOST has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their target price on shares of Toast from $28.00 to $36.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Wells Fargo & Company lifted their price objective on Toast from $25.00 to $30.00 and gave the stock an “underweight” rating in a report on Thursday, January 16th. Stephens raised their price target on Toast from $28.00 to $30.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. Oppenheimer started coverage on shares of Toast in a research report on Friday. They issued an “outperform” rating and a $46.00 price objective on the stock. Finally, BNP Paribas downgraded shares of Toast from an “outperform” rating to a “neutral” rating and set a $37.00 target price for the company. in a report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Toast presently has a consensus rating of “Hold” and an average price target of $35.74.

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.