Toast, Inc. (NYSE:TOST) Given Average Rating of “Moderate Buy” by Brokerages

Toast, Inc. (NYSE:TOST) has been given a consensus recommendation of “Moderate Buy” by the nineteen ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $28.94.

TOST has been the topic of several recent analyst reports. Robert W. Baird lifted their target price on Toast from $28.00 to $30.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. JPMorgan Chase & Co. lifted their price objective on Toast from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Mizuho upgraded shares of Toast from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $21.00 to $33.00 in a report on Thursday, July 18th. The Goldman Sachs Group upped their price target on shares of Toast from $29.00 to $33.00 and gave the company a “buy” rating in a report on Monday, October 14th. Finally, Morgan Stanley raised their price objective on shares of Toast from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd.

Insider Buying and Selling at Toast

In other news, CEO Aman Narang sold 1,856 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $24.00, for a total value of $44,544.00. Following the sale, the chief executive officer now directly owns 1,132,708 shares of the company’s stock, valued at approximately $27,184,992. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Aman Narang sold 1,856 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $24.00, for a total transaction of $44,544.00. Following the transaction, the chief executive officer now directly owns 1,132,708 shares of the company’s stock, valued at approximately $27,184,992. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Jonathan Vassil sold 50,000 shares of the stock in a transaction on Friday, October 18th. The shares were sold at an average price of $30.39, for a total value of $1,519,500.00. Following the completion of the sale, the executive now owns 38,266 shares in the company, valued at approximately $1,162,903.74. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,387,269 shares of company stock worth $38,394,140 over the last quarter. 13.32% of the stock is currently owned by insiders.

Institutional Trading of Toast

Several hedge funds and other institutional investors have recently modified their holdings of TOST. Northwestern Mutual Wealth Management Co. lifted its position in Toast by 1.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 35,968 shares of the company’s stock worth $927,000 after acquiring an additional 421 shares during the last quarter. Park Avenue Securities LLC boosted its stake in Toast by 1.0% in the 1st quarter. Park Avenue Securities LLC now owns 43,357 shares of the company’s stock valued at $1,080,000 after purchasing an additional 436 shares during the period. Private Advisor Group LLC grew its holdings in Toast by 1.6% in the 3rd quarter. Private Advisor Group LLC now owns 28,151 shares of the company’s stock valued at $797,000 after buying an additional 441 shares in the last quarter. Wellington Shields & Co. LLC increased its position in Toast by 3.1% during the 1st quarter. Wellington Shields & Co. LLC now owns 16,700 shares of the company’s stock worth $416,000 after buying an additional 500 shares during the period. Finally, Parkside Financial Bank & Trust boosted its position in shares of Toast by 8.4% in the second quarter. Parkside Financial Bank & Trust now owns 6,742 shares of the company’s stock valued at $174,000 after acquiring an additional 520 shares during the period. Institutional investors own 82.91% of the company’s stock.

Toast Trading Down 1.8 %

Toast stock opened at $29.49 on Tuesday. The firm has a market capitalization of $13.36 billion, a P/E ratio of -58.98 and a beta of 1.76. The business has a 50-day moving average of $26.75 and a 200-day moving average of $25.38. Toast has a 1 year low of $13.77 and a 1 year high of $30.70.

Toast (NYSE:TOST) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Toast had a negative net margin of 3.10% and a negative return on equity of 11.27%. The business’s revenue for the quarter was up 27.0% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.19) earnings per share. Research analysts anticipate that Toast will post -0.1 EPS for the current fiscal year.

About Toast

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.