Analysts Set Toast, Inc. (NYSE:TOST) PT at $40.09

Shares of Toast, Inc. (NYSE:TOST) have earned an average rating of “Hold” from the twenty-three ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $40.09.

TOST has been the topic of several analyst reports. UBS Group upped their target price on shares of Toast from $41.00 to $47.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 target price on shares of Toast in a research note on Thursday, February 20th. Piper Sandler upped their target price on shares of Toast from $25.00 to $35.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Toast from $24.00 to $30.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Finally, Wells Fargo & Company boosted their price objective on shares of Toast from $25.00 to $30.00 and gave the company an “underweight” rating in a report on Thursday, January 16th.

Insider Buying and Selling at Toast

In other news, President Stephen Fredette sold 1,068 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total value of $42,324.84. Following the completion of the sale, the president now directly owns 1,644,656 shares of the company’s stock, valued at $65,177,717.28. This represents a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Christopher P. Comparato sold 145,000 shares of the 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 completion of the sale, the director now directly owns 182,451 shares of the company’s stock, valued at approximately $6,575,534.04. This trade represents a 44.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 149,779 shares of company stock valued at $5,415,192. Insiders own 13.32% of the company’s stock.

Institutional Trading of Toast

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Toast during the fourth quarter worth $2,296,000. Pinnacle Wealth Planning Services Inc. bought a new position in shares of Toast during the fourth quarter worth $280,000. Garde Capital Inc. bought a new position in shares of Toast during the fourth quarter worth $123,000. Ascent Group LLC boosted its position in shares of Toast by 10.4% during the fourth quarter. Ascent Group LLC now owns 19,380 shares of the company’s stock worth $706,000 after acquiring an additional 1,830 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its position in shares of Toast by 0.6% during the fourth quarter. Mackenzie Financial Corp now owns 147,553 shares of the company’s stock worth $5,378,000 after acquiring an additional 825 shares during the last quarter. 82.91% of the stock is owned by hedge funds and other institutional investors.

Toast Price Performance

NYSE:TOST opened at $38.65 on Monday. Toast has a one year low of $21.32 and a one year high of $44.12. The company’s 50-day simple moving average is $38.59 and its 200 day simple moving average is $33.82. The firm has a market capitalization of $18.20 billion, a P/E ratio of -3,860.74, a PEG ratio of 2.16 and a beta of 1.98.

Toast (NYSE:TOST) last issued its earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.32 billion. Toast had a return on equity of 1.54% and a net margin of 0.40%. On average, equities research analysts expect that Toast will post 0.39 earnings per share for the current fiscal year.

Toast Company 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.