Toast (TOST) Expected to Announce Quarterly Earnings on Wednesday

Toast (NYSE:TOST) is expected to issue its quarterly earnings data after the market closes on Wednesday, February 19th. Analysts expect the company to announce earnings of $0.06 per share and revenue of $1.32 billion for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Toast Stock Up 0.9 %

NYSE:TOST opened at $40.57 on Monday. The firm has a market cap of $19.11 billion, a PE ratio of -312.11, a price-to-earnings-growth ratio of 2.25 and a beta of 1.98. Toast has a 12 month low of $18.47 and a 12 month high of $44.12. The company’s 50-day moving average price is $38.43 and its two-hundred day moving average price is $33.02.

Insider Buying and Selling at Toast

In other Toast news, Director Richard Kent Bennett sold 22,885 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $41.96, for a total value of $960,254.60. Following the completion of the sale, the director now owns 395,706 shares of the company’s stock, valued at approximately $16,603,823.76. This represents a 5.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher P. Comparato sold 145,000 shares of the stock in a transaction on Thursday, December 19th. The stock was 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 $6,575,534.04. This represents a 44.28 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 362,449 shares of company stock valued at $14,538,099. Corporate insiders own 13.32% of the company’s stock.

Analyst Upgrades and Downgrades

TOST has been the topic of a number of recent analyst reports. Compass Point initiated coverage on shares of Toast in a research report on Wednesday, November 20th. They issued a “buy” rating and a $49.00 price target on the stock. The Goldman Sachs Group reduced their price target on shares of Toast from $45.00 to $40.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Robert W. Baird boosted their price target on shares of Toast from $30.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. BMO Capital Markets began coverage on shares of Toast in a research report on Monday, January 6th. They set an “outperform” rating and a $45.00 target price on the stock. Finally, Royal Bank of Canada upped 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. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $36.09.

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.