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

Toast, Inc. (NYSE:TOST - Get Free Report) has received a consensus recommendation of "Hold" from the twenty-two analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $40.48.

A number of equities 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 research note on Thursday, February 20th. Robert W. Baird increased their target price on shares of Toast from $38.00 to $40.00 and gave the stock a "neutral" rating in a research note on Thursday, February 20th. The Goldman Sachs Group set a $40.00 price target on shares of Toast and gave the company a "neutral" rating in a research note on Wednesday, February 19th. DA Davidson restated a "neutral" rating and issued a $38.00 target price (down previously from $44.00) on shares of Toast in a research report on Thursday, December 5th. Finally, Royal Bank of Canada upped their target price on Toast from $40.00 to $45.00 and gave the company a "sector perform" rating in a report on Thursday, February 20th.

Insiders Place Their Bets

In other Toast news, Director Christopher P. Comparato sold 70,000 shares of the stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $35.71, for a total value of $2,499,700.00. Following the transaction, the director now directly owns 164,796 shares in the company, valued at $5,884,865.16. This represents a 29.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Deval L. Patrick sold 34,222 shares of the company's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $33.01, for a total transaction of $1,129,668.22. Following the completion of the transaction, the director now owns 13,260 shares of the company's stock, valued at approximately $437,712.60. The trade was a 72.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 270,770 shares of company stock worth $9,409,211 in the last 90 days. Corporate insiders own 13.32% of the company's stock.

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Hedge Funds Weigh In On Toast

A number of hedge funds have recently modified their holdings of TOST. Makena Capital Management LLC grew its position in Toast by 7.6% during the 3rd quarter. Makena Capital Management LLC now owns 274,392 shares of the company's stock worth $7,768,000 after purchasing an additional 19,371 shares during the last quarter. Geode Capital Management LLC raised its stake in 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 during the last quarter. MML Investors Services LLC lifted its position in Toast by 40.6% during the 3rd quarter. MML Investors Services LLC now owns 228,313 shares of the company's stock worth $6,464,000 after acquiring an additional 65,957 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Toast by 5.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,938,487 shares of the company's stock valued at $107,108,000 after purchasing an additional 155,446 shares during the last quarter. Finally, Qsemble Capital Management LP lifted its holdings in shares of Toast by 52.1% during the third quarter. Qsemble Capital Management LP now owns 67,796 shares of the company's stock worth $1,919,000 after purchasing an additional 23,231 shares during the period. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Toast Stock Performance

NYSE:TOST traded up $0.97 during mid-day trading on Friday, hitting $36.16. 6,035,039 shares of the company's stock traded hands, compared to its average volume of 6,506,984. The company has a fifty day moving average of $37.82 and a 200 day moving average of $35.15. Toast has a twelve month low of $21.32 and a twelve month high of $44.12. The company has a market capitalization of $17.86 billion, a P/E ratio of -3,612.09, a P/E/G ratio of 2.16 and a beta of 1.99.

Toast (NYSE:TOST - Get Free Report) last released its 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). Toast had a net margin of 0.40% and a return on equity of 1.54%. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.32 billion. On average, research analysts expect that Toast will post 0.39 earnings per share for the current fiscal year.

About Toast

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.