Brokerages Set Toast, Inc. (NYSE:TOST) Target Price at $28.78

Shares of Toast, Inc. (NYSE:TOST - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the nineteen research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $28.94.

Several equities analysts recently commented on the stock. Needham & Company LLC reiterated a "buy" rating and set a $30.00 price target on shares of Toast in a report on Wednesday, August 7th. Robert W. Baird upped their target price on Toast from $28.00 to $30.00 and gave the company a "neutral" rating in a research note on Monday, October 14th. The Goldman Sachs Group raised their price target on Toast from $29.00 to $33.00 and gave the stock a "buy" rating in a research note on Monday, October 14th. Wedbush upgraded Toast to a "strong-buy" rating in a research note on Friday, September 6th. Finally, Stephens boosted their target price on shares of Toast from $28.00 to $30.00 and gave the company an "equal weight" rating in a research note on Friday.

Toast Stock Down 0.5 %

TOST traded down $0.15 on Tuesday, hitting $29.37. The company had a trading volume of 3,381,274 shares, compared to its average volume of 7,150,183. Toast has a 12-month low of $13.77 and a 12-month high of $30.70. The business's fifty day simple moving average is $26.37 and its 200 day simple moving average is $25.22. The company has a market cap of $13.30 billion, a PE ratio of -58.74 and a beta of 1.76.

Toast (NYSE:TOST - Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.04. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. Toast had a negative return on equity of 11.27% and a negative net margin of 3.10%. The company's revenue for the quarter was up 27.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.19) EPS. On average, analysts anticipate that Toast will post -0.1 earnings per share for the current fiscal year.

Insider Buying and Selling at Toast

In other news, President Stephen Fredette sold 1,127 shares of the company's stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $24.00, for a total value of $27,048.00. Following the sale, the president now owns 2,849,709 shares in the company, valued at $68,393,016. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, President Stephen Fredette sold 1,127 shares of the business's stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $24.00, for a total transaction of $27,048.00. Following the transaction, the president now directly owns 2,849,709 shares in the company, valued at approximately $68,393,016. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Aman Narang sold 1,856 shares of the business's stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $24.00, for a total transaction of $44,544.00. Following the transaction, the chief executive officer now directly owns 1,132,708 shares in the company, valued at approximately $27,184,992. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,387,269 shares of company stock worth $38,394,140. 13.32% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TOST. Vanguard Group Inc. lifted its position in shares of Toast by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 36,677,371 shares of the company's stock worth $669,729,000 after buying an additional 1,598,248 shares during the last quarter. Capital International Investors increased its position in shares of Toast by 12.2% in the first quarter. Capital International Investors now owns 32,924,082 shares of the company's stock valued at $820,468,000 after buying an additional 3,574,397 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Toast by 21.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,524,700 shares of the company's stock worth $486,557,000 after buying an additional 3,445,788 shares in the last quarter. Champlain Investment Partners LLC increased its holdings in Toast by 9.1% during the 1st quarter. Champlain Investment Partners LLC now owns 9,976,356 shares of the company's stock valued at $248,611,000 after acquiring an additional 833,390 shares in the last quarter. Finally, Whale Rock Capital Management LLC purchased a new stake in shares of Toast in the first quarter valued at about $179,111,000. Institutional investors and hedge funds own 82.91% of the company's stock.

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.