Toast (TOST) to Release Earnings on Wednesday

Toast (NYSE:TOST - Get Free Report) is projected to post its quarterly earnings results after the market closes on Wednesday, February 19th. Analysts expect Toast to post earnings of $0.06 per share and revenue of $1.32 billion for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.

Toast Trading Up 0.9 %

Shares of TOST traded up $0.37 during midday trading on Friday, reaching $40.57. The stock had a trading volume of 8,107,949 shares, compared to its average volume of 4,935,838. The firm has a 50 day simple moving average of $38.43 and a 200-day simple moving average of $32.97. Toast has a one year low of $18.47 and a one year high of $44.12. The firm has a market cap of $19.11 billion, a PE ratio of -312.11, a P/E/G ratio of 2.25 and a beta of 1.98.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Toast from $28.00 to $36.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. 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 report on Wednesday, November 20th. Wedbush lifted their target price on shares of Toast from $35.00 to $45.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Compass Point assumed coverage on shares of Toast in a report on Wednesday, November 20th. They set a "buy" rating and a $49.00 target price for the company. Finally, Robert W. Baird lifted their target price on shares of Toast from $30.00 to $38.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $36.09.

Insider Activity

In related news, Director Christopher P. Comparato sold 145,000 shares of Toast stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $36.04, for a total transaction of $5,225,800.00. Following the sale, the director now directly owns 182,451 shares of the company's stock, valued at approximately $6,575,534.04. The trade was a 44.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard Kent Bennett sold 22,885 shares of Toast stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $41.96, for a total transaction of $960,254.60. Following the sale, the director now directly owns 395,706 shares in the company, valued at $16,603,823.76. This trade represents a 5.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 362,449 shares of company stock worth $14,538,099. 13.32% of the stock is currently owned by corporate insiders.

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.