Toast, Inc. (NYSE:TOST) Receives $35.74 Consensus Price Target from Analysts

Shares of Toast, Inc. (NYSE:TOST - Get Free Report) have been given an average recommendation of "Hold" by the twenty-four research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $35.74.

TOST has been the subject of several recent research reports. BNP Paribas downgraded shares of Toast from an "outperform" rating to a "neutral" rating and set a $37.00 target price for the company. in a research report on Wednesday, November 20th. Royal Bank of Canada boosted their target price on shares of Toast from $27.00 to $40.00 and gave the stock a "sector perform" rating in a research report on Friday, November 8th. JPMorgan Chase & Co. boosted their target price on shares of Toast from $28.00 to $36.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. Piper Sandler boosted their target price on shares of Toast from $25.00 to $35.00 and gave the stock a "neutral" rating in a research report on Monday, November 11th. Finally, Compass Point began coverage on shares of Toast in a research note on Wednesday, November 20th. They issued a "buy" rating and a $49.00 price objective for the company.

Insider Activity

In other news, Director David Yuan sold 189,785 shares of the company's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $43.01, for a total value of $8,162,652.85. Following the sale, the director now directly owns 198,829 shares in the company, valued at approximately $8,551,635.29. This represents a 48.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CRO Jonathan Vassil sold 1,367 shares of the company's stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $31.08, for a total value of $42,486.36. Following the completion of the sale, the executive now owns 39,834 shares in the company, valued at approximately $1,238,040.72. This represents a 3.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 562,600 shares of company stock worth $21,823,932. Company insiders own 13.32% of the company's stock.

Institutional Investors Weigh In On Toast

A number of large investors have recently bought and sold shares of TOST. American Century Companies Inc. grew its position in Toast by 25.5% during the 2nd quarter. American Century Companies Inc. now owns 27,844 shares of the company's stock worth $718,000 after acquiring an additional 5,651 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Toast by 6.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,161,572 shares of the company's stock worth $29,933,000 after buying an additional 68,875 shares in the last quarter. MBB Public Markets I LLC acquired a new position in Toast during the 2nd quarter worth $639,000. The Manufacturers Life Insurance Company lifted its holdings in Toast by 9.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 97,883 shares of the company's stock worth $2,522,000 after buying an additional 8,186 shares in the last quarter. Finally, Ascent Group LLC acquired a new position in Toast during the 2nd quarter worth $333,000. 82.91% of the stock is currently owned by institutional investors.

Toast Price Performance

TOST traded up $0.28 on Thursday, reaching $40.32. 6,388,742 shares of the company traded hands, compared to its average volume of 4,839,320. The stock's 50 day moving average price is $38.67 and its 200-day moving average price is $31.83. Toast has a 52-week low of $17.65 and a 52-week high of $44.12. The company has a market cap of $18.99 billion, a price-to-earnings ratio of -310.18, a PEG ratio of 2.05 and a beta of 1.97.

Toast (NYSE:TOST - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.07 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.06. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. Toast had a negative net margin of 1.05% and a negative return on equity of 3.84%. During the same period in the previous year, the firm posted ($0.09) earnings per share. As a group, equities research analysts forecast that Toast will post 0.03 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.