Toast, Inc. (NYSE:TOST) Receives Average Rating of “Hold” from Analysts

Toast, Inc. (NYSE:TOST) has received a consensus rating of “Hold” from the twenty-three ratings firms that are presently covering the stock, Marketbeat Ratings reports. Thirteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $40.09.

A number of equities research analysts have weighed in on TOST shares. UBS Group lifted their price objective on Toast from $41.00 to $47.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 price target on shares of Toast in a research report on Thursday, February 20th. The Goldman Sachs Group reduced their target price on shares of Toast from $43.00 to $38.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 2nd. Canaccord Genuity Group boosted their price target on shares of Toast from $43.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Finally, Wells Fargo & Company upgraded shares of Toast from an “underweight” rating to an “overweight” rating and lifted their target price for the company from $30.00 to $39.00 in a research note on Thursday, April 10th.

Insider Transactions at Toast

In other Toast news, General Counsel Brian R. Elworthy sold 653 shares of Toast stock in a transaction dated Tuesday, February 4th. The stock was 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 approximately $8,290,833.78. The trade was a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Christopher P. Comparato sold 70,000 shares of the stock in a transaction dated Thursday, April 17th. The stock was sold at an average price of $34.21, for a total value of $2,394,700.00. Following the completion of the sale, the director now owns 179,316 shares of the company’s stock, valued at $6,134,400.36. This trade represents a 28.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 340,770 shares of company stock worth $11,803,911 in the last three months. Insiders own 13.32% of the company’s stock.

Hedge Funds Weigh In On Toast

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

Toast Stock Up 0.0 %

Toast stock opened at $34.30 on Tuesday. Toast has a 12 month low of $21.32 and a 12 month high of $44.12. The stock has a market cap of $16.95 billion, a price-to-earnings ratio of -3,426.97, a price-to-earnings-growth ratio of 2.16 and a beta of 2.00. The business has a 50 day moving average price of $35.43 and a two-hundred day moving average price of $36.14.

Toast (NYSE:TOST) last announced 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 the consensus estimate of $1.32 billion. Toast had a net margin of 0.40% and a return on equity of 1.54%. On average, analysts expect that Toast will post 0.39 earnings per share for the current fiscal year.

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.