Toast, Inc. (NYSE:TOST) Receives $40.09 Consensus Price Target from Brokerages

Toast, Inc. (NYSE:TOST) has been assigned an average rating of “Hold” from the twenty-three research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $40.09.

Several equities analysts have commented on the stock. Compass Point assumed coverage on shares of Toast in a research report on Wednesday, November 20th. They set a “buy” rating and a $49.00 price objective for the company. BNP Paribas set a $37.00 target price on shares of Toast and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Oppenheimer began coverage on shares of Toast in a research note on Friday, January 24th. They issued an “outperform” rating and a $46.00 target price on the stock. DA Davidson reissued a “neutral” rating and issued a $38.00 target price (down previously from $44.00) on shares of Toast in a research note on Thursday, December 5th. Finally, Canaccord Genuity Group increased their target price on shares of Toast from $43.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, February 20th.

Toast Stock Up 3.0 %

TOST stock opened at $38.65 on Monday. Toast has a 52 week low of $21.32 and a 52 week high of $44.12. The company has a fifty day simple moving average of $38.59 and a two-hundred day simple moving average of $33.82. The firm has a market capitalization of $18.20 billion, a P/E ratio of -3,860.74, a price-to-earnings-growth ratio of 2.16 and a beta of 1.98.

Toast (NYSE:TOST) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). Toast had a net margin of 0.40% and a return on equity of 1.54%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. As a group, analysts anticipate that Toast will post 0.39 EPS for the current year.

Insider Buying and Selling at Toast

In other Toast news, President Stephen Fredette sold 1,068 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total transaction of $42,324.84. Following the transaction, the president now owns 1,644,656 shares of the company’s stock, valued at approximately $65,177,717.28. This trade represents a 0.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Brian R. Elworthy sold 653 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total transaction of $25,878.39. Following the transaction, the general counsel now directly owns 209,206 shares in the company, valued at $8,290,833.78. This trade represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 149,779 shares of company stock valued at $5,415,192. Company insiders own 13.32% of the company’s stock.

Institutional Trading of Toast

A number of institutional investors have recently modified their holdings of TOST. Blue Trust Inc. boosted its holdings in shares of Toast by 120.4% in the 4th quarter. Blue Trust Inc. now owns 692 shares of the company’s stock valued at $25,000 after buying an additional 378 shares in the last quarter. Piscataqua Savings Bank bought a new stake in shares of Toast in the 4th quarter valued at about $26,000. Stonebridge Financial Group LLC bought a new stake in shares of Toast in the 4th quarter valued at about $34,000. SBI Securities Co. Ltd. bought a new stake in shares of Toast in the 4th quarter valued at about $35,000. Finally, Wingate Wealth Advisors Inc. bought a new stake in shares of Toast in the 4th quarter valued at about $40,000. 82.91% of the stock is currently owned by institutional investors.

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.