Toast, Inc. (NYSE:TOST) Receives Average Recommendation of "Hold" from Analysts

Toast, Inc. (NYSE:TOST - Get Free Report) has been given a consensus rating of "Hold" by the twenty-two brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $34.81.

A number of research analysts recently weighed in on TOST shares. Royal Bank of Canada upped their price objective on Toast from $27.00 to $40.00 and gave the stock a "sector perform" rating in a report on Friday, November 8th. Piper Sandler increased their price target on shares of Toast from $25.00 to $35.00 and gave the company a "neutral" rating in a report on Monday, November 11th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Toast from $24.00 to $30.00 and gave the stock a "hold" rating in a report on Monday, November 4th. JPMorgan Chase & Co. increased their target price on shares of Toast from $28.00 to $36.00 and gave the company a "neutral" rating in a report on Friday, November 8th. Finally, Wedbush boosted their price target on Toast from $35.00 to $45.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th.

Insider Buying and Selling

In other Toast news, Director David Yuan sold 189,785 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $43.01, for a total transaction of $8,162,652.85. Following the transaction, the director now owns 198,829 shares of the company's stock, valued at $8,551,635.29. This trade represents a 48.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Aman Narang sold 1,646 shares of the business's stock in a transaction on Monday, November 4th. The shares were sold at an average price of $31.08, for a total transaction of $51,157.68. Following the sale, the chief executive officer now directly owns 969,970 shares of the company's stock, valued at $30,146,667.60. This represents a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,149,075 shares of company stock worth $39,389,680. 13.32% of the stock is owned by company insiders.

Hedge Funds Weigh In On Toast

A number of large investors have recently modified their holdings of TOST. FMR LLC increased its position in Toast by 50.5% during the 3rd quarter. FMR LLC now owns 24,449,743 shares of the company's stock worth $692,172,000 after purchasing an additional 8,205,053 shares in the last quarter. ValueAct Holdings L.P. acquired a new stake in shares of Toast in the third quarter worth $438,301,000. State Street Corp raised its stake in shares of Toast by 2.5% in the 3rd quarter. State Street Corp now owns 8,325,292 shares of the company's stock valued at $235,689,000 after acquiring an additional 206,789 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Toast by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 6,865,934 shares of the company's stock valued at $193,992,000 after acquiring an additional 155,212 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in Toast by 2,889.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 3,829,995 shares of the company's stock worth $108,427,000 after purchasing an additional 3,701,893 shares during the period. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Toast Price Performance

NYSE TOST traded up $1.22 on Friday, hitting $37.60. 4,209,542 shares of the company's stock were exchanged, compared to its average volume of 5,290,721. The firm has a market cap of $17.71 billion, a price-to-earnings ratio of -289.23, a P/E/G ratio of 23.40 and a beta of 1.93. The firm's 50-day moving average price is $37.83 and its two-hundred day moving average price is $30.18. Toast has a fifty-two week low of $16.13 and a fifty-two week high of $44.12.

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.