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

Klein Pavlis & Peasley Financial Inc. grew its position in Toast, Inc. (NYSE:TOST) by 38.4% in the first quarter, Holdings Channel.com reports. The fund owned 67,806 shares of the company’s stock after buying an additional 18,816 shares during the period. Klein Pavlis & Peasley Financial Inc.’s holdings in Toast were worth $1,798,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Bayban bought a new stake in shares of Toast during the fourth quarter valued at approximately $25,000. SHP Wealth Management bought a new position in Toast in the fourth quarter worth $29,000. Strive Financial Group LLC acquired a new stake in Toast during the fourth quarter worth $29,000. Central Pacific Bank Trust Division boosted its stake in Toast by 123.5% during the fourth quarter. Central Pacific Bank Trust Division now owns 943 shares of the company’s stock worth $33,000 after buying an additional 521 shares in the last quarter. Finally, Silicon Valley Capital Partners bought a new stake in Toast in the 4th quarter valued at $36,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Toast Stock Up 3.9%

Shares of Toast stock opened at $28.13 on Tuesday. The stock has a market capitalization of $14.51 billion, a P/E ratio of 43.28 and a beta of 1.76. The company has a 50-day simple moving average of $25.69 and a 200 day simple moving average of $28.85. Toast, Inc. has a 12-month low of $22.26 and a 12-month high of $49.66.

Insider Activity

In other news, CRO Jonathan Vassil sold 6,438 shares of Toast stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $26.19, for a total value of $168,611.22. Following the completion of the transaction, the executive owned 146,618 shares in the company, valued at approximately $3,839,925.42. The trade was a 4.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Aman Narang sold 13,463 shares of the business’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $26.19, for a total value of $352,595.97. Following the completion of the transaction, the chief executive officer directly owned 54,013 shares in the company, valued at $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. In the last three months, insiders sold 147,783 shares of company stock valued at $3,838,037. Corporate insiders own 10.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. DA Davidson dropped their price objective on shares of Toast from $33.00 to $28.00 and set a “neutral” rating for the company in a research note on Tuesday, May 12th. UBS Group cut their price target on shares of Toast from $40.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Rothschild & Co Redburn reaffirmed a “neutral” rating and set a $35.00 price objective on shares of Toast in a report on Tuesday, May 12th. Loop Capital began coverage on Toast in a research note on Tuesday, March 31st. They issued a “hold” rating and a $26.00 price objective on the stock. Finally, Mizuho dropped their target price on Toast from $45.00 to $38.00 and set an “outperform” rating for the company in a report on Tuesday, May 12th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, Toast currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.62.

Toast 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.