Klein Pavlis & Peasley Financial Inc. Has $1.80 Million Holdings in Toast, Inc. $TOST

Klein Pavlis & Peasley Financial Inc. increased its holdings in Toast, Inc. (NYSE:TOST) by 38.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,806 shares of the company’s stock after purchasing an additional 18,816 shares during the period. Klein Pavlis & Peasley Financial Inc.’s holdings in Toast were worth $1,798,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Capital International Investors raised its holdings in Toast by 7.4% during the third quarter. Capital International Investors now owns 48,428,060 shares of the company’s stock valued at $1,768,256,000 after buying an additional 3,351,545 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Toast by 1.0% during the 4th quarter. Jennison Associates LLC now owns 15,157,955 shares of the company’s stock worth $538,259,000 after acquiring an additional 157,394 shares in the last quarter. Morgan Stanley increased its holdings in shares of Toast by 6.7% during the 4th quarter. Morgan Stanley now owns 10,372,626 shares of the company’s stock valued at $368,332,000 after acquiring an additional 653,487 shares during the last quarter. State Street Corp raised its stake in shares of Toast by 3.0% in the 4th quarter. State Street Corp now owns 9,820,594 shares of the company’s stock valued at $348,729,000 after acquiring an additional 282,282 shares in the last quarter. Finally, XN LP raised its stake in shares of Toast by 50.8% in the 4th quarter. XN LP now owns 8,988,386 shares of the company’s stock valued at $319,178,000 after acquiring an additional 3,029,856 shares in the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.

Toast Stock Up 3.9%

Shares of NYSE TOST opened at $28.13 on Tuesday. Toast, Inc. has a 12 month low of $22.26 and a 12 month high of $49.66. The company has a market cap of $14.51 billion, a P/E ratio of 43.28 and a beta of 1.76. The business’s 50 day moving average is $25.69 and its two-hundred day moving average is $28.85.

Insiders Place Their Bets

In related news, CFO Elena Gomez sold 8,929 shares of the business’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $26.19, for a total transaction of $233,850.51. Following the transaction, the chief financial officer owned 173,064 shares of the company’s stock, valued at approximately $4,532,546.16. The trade was a 4.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Aman Narang sold 13,463 shares of the company’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $26.19, for a total transaction of $352,595.97. Following the transaction, the chief executive officer owned 54,013 shares of the company’s stock, valued at approximately $1,414,600.47. The trade was a 19.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 147,783 shares of company stock valued at $3,838,037 in the last 90 days. 10.03% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TOST. Rothschild & Co Redburn reaffirmed a “neutral” rating and set a $35.00 target price on shares of Toast in a research report on Tuesday, May 12th. BMO Capital Markets reissued an “outperform” rating on shares of Toast in a research report on Monday, June 1st. Mizuho reduced their price objective on shares of Toast from $45.00 to $38.00 and set an “outperform” rating for the company in a research note on Tuesday, May 12th. Citigroup decreased their price objective on shares of Toast from $42.00 to $36.00 and set a “buy” rating for the company in a report on Friday, May 8th. Finally, Truist Financial dropped their target price on shares of Toast from $36.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $37.62.

Toast Company Profile

Toast, Inc (NYSE: TOST) is a technology company that builds a cloud-based platform for restaurants and other foodservice businesses. Headquartered in Boston, Massachusetts, Toast offers integrated point-of-sale (POS) systems and a suite of software and hardware designed to streamline front-of-house and back-of-house operations. The company went public in 2021 and has positioned itself as a vertically integrated provider for the restaurant industry.

Toast’s product portfolio includes touchscreen POS terminals and handheld order-and-pay devices, kitchen display systems, and peripherals tailored for high-volume foodservice environments.