Toast, Inc. (NYSE:TOST) Receives $40.27 Average Price Target from Analysts

Shares of Toast, Inc. (NYSE:TOST) have received a consensus rating of “Hold” from the twenty-three ratings firms that are covering the company, Marketbeat.com reports. Thirteen analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $40.09.

Several analysts have recently weighed in on TOST shares. Morgan Stanley lowered their price objective on shares of Toast from $50.00 to $46.00 and set an “overweight” rating on the stock in a research report on Wednesday. The Goldman Sachs Group reduced their target price on Toast from $43.00 to $38.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 2nd. Royal Bank of Canada lifted their price objective on Toast from $40.00 to $45.00 and gave the company a “sector perform” rating in a research report on Thursday, February 20th. Oppenheimer initiated coverage on Toast in a research note on Friday, January 24th. They issued an “outperform” rating and a $46.00 price target on the stock. Finally, Wells Fargo & Company upgraded shares of Toast from an “underweight” rating to an “overweight” rating and upped their target price for the stock from $30.00 to $39.00 in a research note on Thursday, April 10th.

Toast Stock Performance

Toast stock opened at $34.30 on Tuesday. Toast has a 52 week low of $21.32 and a 52 week high of $44.12. The stock has a 50-day simple moving average of $35.43 and a 200 day simple moving average of $36.14. The stock has a market capitalization of $16.95 billion, a P/E ratio of -3,426.97, a PEG ratio of 2.16 and a beta of 2.00.

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). The company 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%. Research analysts forecast that Toast will post 0.39 earnings per share for the current year.

Insider Buying and Selling at Toast

In other Toast news, President Stephen Fredette sold 1,068 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total value of $42,324.84. Following the completion of the transaction, the president now directly 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Elena Gomez sold 2,052 shares of Toast stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total value of $81,320.76. Following the transaction, the chief financial officer now directly owns 160,498 shares of the company’s stock, valued at $6,360,535.74. This trade represents a 1.26 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 340,770 shares of company stock worth $11,803,911. 13.32% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. boosted its holdings in Toast by 120.4% in the 4th quarter. Blue Trust Inc. now owns 692 shares of the company’s stock worth $25,000 after acquiring an additional 378 shares during the period. Piscataqua Savings Bank bought a new stake in Toast in the fourth quarter valued at about $26,000. Stonebridge Financial Group LLC acquired a new stake in shares of Toast during the fourth quarter worth $34,000. SBI Securities Co. Ltd. acquired a new stake in Toast during the fourth quarter worth about $35,000. Finally, West Branch Capital LLC lifted its stake in Toast by 862.1% in the first quarter. West Branch Capital LLC now owns 1,116 shares of the company’s stock valued at $37,000 after buying an additional 1,000 shares during the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.

Toast Company Profile

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.