Oppenheimer & Co. Inc. Has $1.52 Million Stake in Toast, Inc. (NYSE:TOST)

Oppenheimer & Co. Inc. increased its holdings in shares of Toast, Inc. (NYSE:TOST) by 196.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,597 shares of the company’s stock after purchasing an additional 27,567 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Toast were worth $1,516,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Toast by 0.8% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 38,632 shares of the company’s stock valued at $1,408,000 after acquiring an additional 301 shares during the last quarter. Mirador Capital Partners LP lifted its stake in Toast by 0.9% in the fourth quarter. Mirador Capital Partners LP now owns 41,938 shares of the company’s stock valued at $1,529,000 after acquiring an additional 360 shares during the last quarter. Blue Trust Inc. lifted its stake in Toast by 120.4% in the fourth quarter. Blue Trust Inc. now owns 692 shares of the company’s stock valued at $25,000 after acquiring an additional 378 shares during the last quarter. D.A. Davidson & CO. lifted its stake in Toast by 1.9% in the third quarter. D.A. Davidson & CO. now owns 22,100 shares of the company’s stock valued at $626,000 after acquiring an additional 409 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its stake in Toast by 3.7% in the third quarter. CIBC Asset Management Inc now owns 12,614 shares of the company’s stock valued at $357,000 after acquiring an additional 448 shares during the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

Toast Stock Down 4.5 %

TOST stock opened at $36.86 on Tuesday. Toast, Inc. has a 12 month low of $21.32 and a 12 month high of $44.12. The firm has a market cap of $18.21 billion, a P/E ratio of -3,682.32, a P/E/G ratio of 2.16 and a beta of 1.98. The company’s 50-day moving average price is $38.61 and its two-hundred day moving average price is $34.05.

Toast (NYSE:TOST) last released its earnings results 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 net margin of 0.40% and a return on equity of 1.54%. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.32 billion. Equities analysts predict that Toast, Inc. will post 0.39 EPS for the current year.

Insider Activity

In other news, Director Christopher P. Comparato sold 145,000 shares of the firm’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 sale, the director now directly owns 182,451 shares in the company, valued at approximately $6,575,534.04. This trade represents a 44.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Stephen Fredette sold 1,068 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 transaction of $42,324.84. Following the completion of the sale, the president now owns 1,644,656 shares in the company, valued at approximately $65,177,717.28. The trade was a 0.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 149,779 shares of company stock worth $5,415,192. Corporate insiders own 13.32% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on TOST shares. UBS Group increased their price target on shares of Toast from $41.00 to $47.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Compass Point began coverage on shares of Toast in a research report on Wednesday, November 20th. They issued a “buy” rating and a $49.00 price objective on the stock. Needham & Company LLC reissued a “buy” rating and issued a $50.00 price objective on shares of Toast in a research report on Thursday, February 20th. Morgan Stanley increased their price objective 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. Finally, BMO Capital Markets increased their price objective on shares of Toast from $46.00 to $48.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $40.09.

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.