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

Toast, Inc. (NYSE:TOST) has been given a consensus recommendation of “Moderate Buy” by the twenty-six ratings firms that are covering the stock, Marketbeat reports. Nine investment analysts have rated the stock with a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $38.6154.

Several equities analysts have commented on the stock. The Goldman Sachs Group upgraded shares of Toast from a “neutral” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Thursday, July 9th. UBS Group lifted their target price on shares of Toast from $34.00 to $39.00 and gave the stock a “buy” rating in a report on Wednesday. Truist Financial upped their price target on shares of Toast from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Citigroup increased their price target on shares of Toast from $36.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Piper Sandler raised their price objective on shares of Toast from $32.00 to $39.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th.

Insider Activity at Toast

In related news, General Counsel Brian R. Elworthy sold 108,000 shares of Toast stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $25.89, for a total transaction of $2,796,120.00. Following the completion of the sale, the general counsel directly owned 189,642 shares of the company’s stock, valued at approximately $4,909,831.38. This trade represents a 36.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Aman Narang sold 124,542 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $35.29, for a total transaction of $4,395,087.18. Following the completion of the sale, the chief executive officer directly owned 175,458 shares of the company’s stock, valued at approximately $6,191,912.82. The trade was a 41.51% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 333,373 shares of company stock valued at $10,388,372 in the last 90 days. Corporate insiders own 10.03% of the company’s stock.

Institutional Trading of Toast

A number of institutional investors have recently bought and sold shares of TOST. Capelight Capital Asset Management LP bought a new stake in shares of Toast in the 4th quarter valued at about $2,131,000. Robeco Institutional Asset Management B.V. lifted its stake in shares of Toast by 6.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 972,230 shares of the company’s stock worth $34,524,000 after acquiring an additional 57,512 shares during the period. Lecap Asset Management Ltd. boosted its holdings in Toast by 206.7% in the fourth quarter. Lecap Asset Management Ltd. now owns 59,123 shares of the company’s stock valued at $2,099,000 after acquiring an additional 39,847 shares during the last quarter. Campbell Capital Management Inc. acquired a new stake in Toast during the 4th quarter valued at approximately $9,812,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Toast by 11.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 514,992 shares of the company’s stock worth $18,287,000 after purchasing an additional 52,959 shares during the period. Institutional investors own 82.91% of the company’s stock.

Toast News Summary

Here are the key news stories impacting Toast this week:

• Positive Sentiment: Analysts raise price targets: BMO Capital Markets lifted its Toast price target to $40, while Needham and Keefe, Bruyette & Woods also expressed expectations for meaningful appreciation. These calls reinforce the bullish case following Toast’s growth and improving profitability. BMO Capital Markets Raises Toast Price Target Needham Forecasts Toast Price Appreciation Keefe Bruyette Woods Toast Outlook
• Positive Sentiment: AI and partnership momentum: A report highlights Toast’s AI initiatives and relationships with Google and hotel operators as potential catalysts for expanding its addressable market and strengthening the long-term growth story. Toast AI, Google, and Hotel Partnership Report
• Positive Sentiment: Options activity signals bullish positioning: High trading volume in Toast call options suggests some traders are positioning for additional upside, although options activity is a market signal rather than a change in fundamentals. Toast High Call Option Volume
• Neutral Sentiment: Mixed quarterly results: Toast exceeded revenue expectations, reporting $1.91 billion, up 23.1% year over year, but adjusted earnings per share fell short of consensus estimates. The revenue growth supports the bull case, while the earnings miss raises questions about execution and near-term margins. Toast Second Quarter Sales Report
• Negative Sentiment: Valuation concerns: A Seeking Alpha analysis recommended trimming the position, arguing that Toast’s valuation could become difficult to justify if growth or profitability slows. This is a risk after the stock’s recent rally. Toast Valuation Downgrade
• Negative Sentiment: Executives sell shares: CEO Aman Narang sold approximately $4.9 million of Toast stock, while the CFO and CRO also sold shares. Because the transactions were made under pre-arranged Rule 10b5-1 plans, they may reflect scheduled diversification rather than diminished confidence, but the volume can still weigh on sentiment.

Toast Trading Down 0.0%

Shares of NYSE TOST opened at $34.47 on Monday. The company has a market capitalization of $17.72 billion, a P/E ratio of 44.19 and a beta of 1.72. Toast has a 12 month low of $22.26 and a 12 month high of $46.11. The stock has a 50 day moving average of $28.44 and a 200-day moving average of $27.86.

Toast (NYSE:TOST) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). Toast had a net margin of 7.14% and a return on equity of 23.90%. The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the company posted $0.13 EPS. The firm’s revenue was up 23.1% on a year-over-year basis. Analysts predict that Toast will post 0.99 EPS for the current fiscal year.

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.