Canton Hathaway LLC Buys 1,598 Shares of Toast, Inc. (NYSE:TOST)

Canton Hathaway LLC increased its position in shares of Toast, Inc. (NYSE:TOST) by 107.1% in the fourth quarter, HoldingsChannel reports. The firm owned 3,090 shares of the company’s stock after purchasing an additional 1,598 shares during the period. Canton Hathaway LLC’s holdings in Toast were worth $113,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Los Angeles Capital Management LLC acquired a new stake in shares of Toast during the 4th quarter worth about $16,521,000. Amalgamated Bank increased its position in shares of Toast by 3.8% during the 4th quarter. Amalgamated Bank now owns 30,746 shares of the company’s stock worth $1,121,000 after purchasing an additional 1,138 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Toast by 1.5% during the 4th quarter. Bank of New York Mellon Corp now owns 2,167,741 shares of the company’s stock worth $79,014,000 after purchasing an additional 32,582 shares in the last quarter. IFP Advisors Inc increased its position in shares of Toast by 8.2% during the 4th quarter. IFP Advisors Inc now owns 10,002 shares of the company’s stock worth $369,000 after purchasing an additional 762 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Toast by 7.9% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 96,800 shares of the company’s stock worth $3,528,000 after purchasing an additional 7,100 shares in the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on TOST shares. Oppenheimer started coverage on shares of Toast in a research note on Friday, January 24th. They issued an “outperform” rating and a $46.00 target price on the stock. BNP Paribas set a $37.00 target price on shares of Toast and gave the company a “neutral” rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. raised their target price on shares of Toast from $36.00 to $42.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Wells Fargo & Company raised their target price on shares of Toast from $25.00 to $30.00 and gave the company an “underweight” rating in a research note on Thursday, January 16th. Finally, BMO Capital Markets lifted their price objective on shares of Toast from $46.00 to $48.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $40.09.

Insider Activity

In related news, President Stephen Fredette sold 1,068 shares of the business’s stock in a transaction 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 transaction, the president now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christopher P. Comparato sold 145,000 shares of the business’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $36.04, for a total transaction of $5,225,800.00. Following the transaction, the director now owns 182,451 shares in the company, valued at approximately $6,575,534.04. The trade was a 44.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 149,779 shares of company stock worth $5,415,192 over the last ninety days. Insiders own 13.32% of the company’s stock.

Toast Stock Performance

Shares of TOST opened at $37.18 on Tuesday. Toast, Inc. has a twelve month low of $21.02 and a twelve month high of $44.12. The firm’s 50 day moving average price is $38.57 and its two-hundred day moving average price is $33.68. The firm has a market cap of $17.51 billion, a P/E ratio of -3,713.79, a PEG ratio of 2.16 and a beta of 1.98.

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

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.