Compass Point Begins Coverage on Toast (NYSE:TOST)

Equities researchers at Compass Point started coverage on shares of Toast (NYSE:TOST - Get Free Report) in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. The firm set a "buy" rating and a $49.00 price target on the stock. Compass Point's price objective would indicate a potential upside of 15.29% from the company's current price.

Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. upped their target price on Toast from $28.00 to $36.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Toast from $24.00 to $30.00 and gave the stock a "hold" rating in a research note on Monday, November 4th. Royal Bank of Canada raised their target price on shares of Toast from $27.00 to $40.00 and gave the stock a "sector perform" rating in a report on Friday, November 8th. DA Davidson raised their target price on shares of Toast from $35.00 to $44.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Finally, Wedbush lifted their price target on shares of Toast from $35.00 to $45.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, Toast currently has an average rating of "Hold" and an average price target of $33.86.

Toast Price Performance

TOST remained flat at $42.50 on Wednesday. The company's stock had a trading volume of 10,952,337 shares, compared to its average volume of 7,346,083. Toast has a 52 week low of $13.77 and a 52 week high of $42.85. The stock has a market cap of $20.02 billion, a PE ratio of -326.92, a price-to-earnings-growth ratio of 51.74 and a beta of 1.74. The company has a 50-day simple moving average of $30.45 and a two-hundred day simple moving average of $26.83.

Insider Activity at Toast

In related news, President Stephen Fredette sold 101,574 shares of Toast stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $25.73, for a total value of $2,613,499.02. Following the sale, the president now owns 2,395,685 shares of the company's stock, valued at approximately $61,640,975.05. The trade was a 4.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard Kent Bennett sold 100,000 shares of the business's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $36.67, for a total transaction of $3,667,000.00. Following the transaction, the director now owns 418,591 shares of the company's stock, valued at $15,349,731.97. This trade represents a 19.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,475,651 shares of company stock valued at $43,037,212. 13.32% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. West Branch Capital LLC purchased a new stake in Toast during the 2nd quarter worth approximately $26,000. LRI Investments LLC acquired a new stake in Toast during the first quarter worth about $27,000. Toth Financial Advisory Corp acquired a new stake in Toast during the third quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Toast during the second quarter worth about $33,000. Finally, 1620 Investment Advisors Inc. purchased a new position in Toast during the second quarter worth about $34,000. 82.91% of the stock is currently owned by institutional investors.

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.