Equities Analysts Set Expectations for Toast Q1 Earnings

Toast, Inc. (NYSE:TOST - Free Report) - Wedbush lowered their Q1 2025 earnings per share estimates for Toast in a research report issued on Friday, February 14th. Wedbush analyst N. Setyan now forecasts that the company will post earnings per share of $0.04 for the quarter, down from their prior estimate of $0.05. Wedbush has a "Outperform" rating and a $45.00 price objective on the stock. The consensus estimate for Toast's current full-year earnings is $0.03 per share. Wedbush also issued estimates for Toast's Q1 2025 earnings at $0.04 EPS, Q2 2025 earnings at $0.09 EPS and Q2 2025 earnings at $0.09 EPS.

Toast (NYSE:TOST - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). Toast had a negative net margin of 1.05% and a negative return on equity of 3.84%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion.

TOST has been the subject of several other research reports. Morgan Stanley upped their target price on shares of Toast from $46.00 to $50.00 and gave the stock an "overweight" rating in a research note on Thursday. Wells Fargo & Company increased their price objective on shares of Toast from $25.00 to $30.00 and gave the company an "underweight" rating in a research note on Thursday, January 16th. UBS Group lifted their target price on shares of Toast from $41.00 to $47.00 and gave the stock a "buy" rating in a research report on Thursday. DA Davidson reiterated a "neutral" rating and set a $38.00 target price (down from $44.00) on shares of Toast in a research note on Thursday, December 5th. Finally, Oppenheimer assumed coverage on shares of Toast in a report on Friday, January 24th. They set an "outperform" rating and a $46.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $40.23.

Toast Stock Up 1.2 %

NYSE TOST traded up $0.47 on Monday, reaching $40.45. The company had a trading volume of 16,979,078 shares, compared to its average volume of 6,074,378. The company's fifty day moving average is $38.59 and its 200 day moving average is $33.30. Toast has a 52-week low of $20.49 and a 52-week high of $44.12. The stock has a market capitalization of $19.05 billion, a P/E ratio of -311.12, a P/E/G ratio of 2.27 and a beta of 1.98.

Insiders Place Their Bets

In other Toast news, Director David Yuan sold 189,785 shares of the company's stock in a transaction dated 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 completion of the sale, the director now directly owns 198,829 shares in the company, valued at $8,551,635.29. This represents a 48.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Christopher P. Comparato sold 145,000 shares of Toast stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $36.04, for a total value of $5,225,800.00. Following the completion of the transaction, the director now owns 182,451 shares in the company, valued at approximately $6,575,534.04. This represents a 44.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 339,564 shares of company stock valued at $13,577,845 over the last quarter. 13.32% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Makena Capital Management LLC grew its holdings in Toast by 7.6% in the 3rd quarter. Makena Capital Management LLC now owns 274,392 shares of the company's stock worth $7,768,000 after acquiring an additional 19,371 shares during the last quarter. KBC Group NV boosted its holdings in shares of Toast by 66.5% during the third quarter. KBC Group NV now owns 42,838 shares of the company's stock worth $1,213,000 after purchasing an additional 17,106 shares during the period. Geode Capital Management LLC grew its stake in shares of Toast by 2.3% in the third quarter. Geode Capital Management LLC now owns 6,865,934 shares of the company's stock worth $193,992,000 after purchasing an additional 155,212 shares during the last quarter. MML Investors Services LLC increased its holdings in Toast by 40.6% during the 3rd quarter. MML Investors Services LLC now owns 228,313 shares of the company's stock valued at $6,464,000 after purchasing an additional 65,957 shares during the period. Finally, Qsemble Capital Management LP raised its position in Toast by 52.1% during the 3rd quarter. Qsemble Capital Management LP now owns 67,796 shares of the company's stock valued at $1,919,000 after purchasing an additional 23,231 shares during the last quarter. Institutional investors 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.