Toast (NYSE:TOST) Given New $42.00 Price Target at Keefe, Bruyette & Woods

Toast (NYSE:TOST) had its target price hoisted by Keefe, Bruyette & Woods from $40.00 to $42.00 in a research note issued to investors on Thursday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

Several other analysts have also commented on TOST. Oppenheimer began coverage on Toast in a report on Friday, January 24th. They set an “outperform” rating and a $46.00 target price on the stock. Wells Fargo & Company raised their price objective on Toast from $25.00 to $30.00 and gave the company an “underweight” rating in a report on Thursday, January 16th. Needham & Company LLC reissued a “buy” rating and issued a $50.00 price objective on shares of Toast in a report on Thursday. Compass Point began coverage on Toast in a report on Wednesday, November 20th. They issued a “buy” rating and a $49.00 price objective on the stock. Finally, Robert W. Baird raised their price objective on Toast from $30.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $40.23.

Toast Stock Up 1.2 %

Toast stock opened at $40.45 on Thursday. Toast has a 52 week low of $20.49 and a 52 week high of $44.12. The business’s 50-day moving average price is $38.60 and its 200 day moving average price is $33.35.

Toast (NYSE:TOST) last posted its earnings results on Wednesday, February 19th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. Toast had a return on equity of 1.54% and a net margin of 0.40%. Sell-side analysts forecast that Toast will post 0.38 EPS for the current fiscal year.

Insider Buying and Selling

In other Toast news, Director David Yuan sold 189,785 shares of Toast stock in a transaction on Monday, November 25th. The stock was sold at an average price of $43.01, for a total value of $8,162,652.85. Following the sale, the director now owns 198,829 shares in the company, valued at $8,551,635.29. The trade was a 48.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Elena Gomez sold 2,052 shares of Toast stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total value of $81,320.76. Following the completion of the sale, the chief financial officer now owns 160,498 shares in the company, valued at $6,360,535.74. This represents a 1.26 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 339,564 shares of company stock worth $13,577,845. 13.32% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Toast

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TOST. Blue Trust Inc. raised its position in Toast by 120.4% in the fourth quarter. Blue Trust Inc. now owns 692 shares of the company’s stock valued at $25,000 after purchasing an additional 378 shares during the period. Piscataqua Savings Bank purchased a new stake in Toast in the fourth quarter valued at $26,000. Stonebridge Financial Group LLC purchased a new stake in Toast in the fourth quarter valued at $34,000. SBI Securities Co. Ltd. acquired a new stake in shares of Toast in the fourth quarter valued at $35,000. Finally, Wingate Wealth Advisors Inc. acquired a new stake in shares of Toast in the fourth quarter valued at $40,000. Hedge funds and other 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.