Toast, Inc. (NYSE:TOST) Receives $40.91 Consensus Price Target from Analysts

Toast, Inc. (NYSE:TOST) has been assigned an average rating of “Hold” from the twenty-four research firms that are currently covering the company, Marketbeat reports. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $40.91.

A number of research analysts recently issued reports on the stock. Robert W. Baird boosted their target price on shares of Toast from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. UBS Group increased their price objective on shares of Toast from $41.00 to $47.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. BMO Capital Markets raised their target price on Toast from $44.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday. The Goldman Sachs Group dropped their price target on Toast from $43.00 to $38.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 2nd. Finally, Royal Bank of Canada increased their price target on Toast from $40.00 to $45.00 and gave the stock a “sector perform” rating in a report on Thursday, February 20th.

Toast Price Performance

Shares of NYSE:TOST opened at $44.85 on Friday. Toast has a 1 year low of $21.32 and a 1 year high of $45.56. The business’s 50-day moving average is $35.09 and its 200-day moving average is $37.10. The company has a market capitalization of $22.31 billion, a price-to-earnings ratio of -4,480.52, a P/E/G ratio of 2.16 and a beta of 1.98.

Toast (NYSE:TOST) last issued its quarterly 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 business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.32 billion. Toast had a net margin of 0.40% and a return on equity of 1.54%. Analysts anticipate that Toast will post 0.39 EPS for the current year.

Insider Activity

In other Toast news, Director Christopher P. Comparato sold 70,000 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $35.71, for a total transaction of $2,499,700.00. Following the completion of the transaction, the director now directly owns 164,796 shares of the company’s stock, valued at approximately $5,884,865.16. This represents a 29.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Deval L. Patrick sold 34,222 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $33.01, for a total value of $1,129,668.22. Following the completion of the sale, the director now directly owns 13,260 shares of the company’s stock, valued at $437,712.60. This represents a 72.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 335,991 shares of company stock valued at $11,614,520 over the last three months. Corporate insiders own 13.32% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Toast by 3.5% in the first quarter. Vanguard Group Inc. now owns 43,945,584 shares of the company’s stock worth $1,457,675,000 after buying an additional 1,471,352 shares in the last quarter. Capital International Investors raised its position in shares of Toast by 1.9% in the fourth quarter. Capital International Investors now owns 41,961,233 shares of the company’s stock worth $1,529,657,000 after buying an additional 785,641 shares in the last quarter. FMR LLC boosted its stake in Toast by 22.1% during the fourth quarter. FMR LLC now owns 29,853,639 shares of the company’s stock valued at $1,088,165,000 after buying an additional 5,403,896 shares during the period. Price T Rowe Associates Inc. MD grew its position in Toast by 17.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 23,454,209 shares of the company’s stock worth $777,978,000 after buying an additional 3,490,686 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its position in Toast by 7.5% during the first quarter. T. Rowe Price Investment Management Inc. now owns 15,520,360 shares of the company’s stock worth $514,811,000 after buying an additional 1,082,958 shares in the last quarter. Institutional investors own 82.91% of the company’s stock.

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.