Toast, Inc. (NYSE:TOST) Given Consensus Rating of “Hold” by Analysts

Shares of Toast, Inc. (NYSE:TOST) have been given an average recommendation of “Hold” by the twenty-two brokerages that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $40.48.

A number of analysts have recently weighed in on TOST shares. Morgan Stanley upped their price target on shares of Toast from $46.00 to $50.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Oppenheimer began coverage on Toast in a report on Friday, January 24th. They issued an “outperform” rating and a $46.00 target price on the stock. BMO Capital Markets boosted their price target on Toast from $46.00 to $48.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Canaccord Genuity Group lifted their target price on Toast from $43.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Toast from $40.00 to $42.00 and gave the stock a “market perform” rating in a report on Thursday, February 20th.

Toast Stock Down 1.7 %

Shares of NYSE TOST opened at $35.36 on Friday. Toast has a twelve month low of $21.32 and a twelve month high of $44.12. The business’s 50 day moving average price is $37.80 and its two-hundred day moving average price is $35.33. The company has a market cap of $17.47 billion, a PE ratio of -3,532.27, a price-to-earnings-growth ratio of 2.16 and a beta of 1.99.

Toast (NYSE:TOST) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share 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 company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.32 billion. As a group, research analysts anticipate that Toast will post 0.39 EPS for the current fiscal year.

Insider Buying and Selling at Toast

In other Toast news, President Stephen Fredette sold 1,068 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total transaction of $42,324.84. Following the transaction, the president now directly owns 1,644,656 shares in the company, valued at approximately $65,177,717.28. This represents a 0.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christopher P. Comparato sold 70,000 shares of the firm’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $35.71, for a total transaction of $2,499,700.00. Following the completion of the sale, the director now owns 164,796 shares of the company’s stock, valued at $5,884,865.16. The trade was a 29.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 270,770 shares of company stock worth $9,409,211. Insiders own 13.32% of the company’s stock.

Institutional Investors Weigh In On Toast

A number of institutional investors have recently added to or reduced their stakes in TOST. Victory Capital Management Inc. boosted its position in Toast by 1.3% during the third quarter. Victory Capital Management Inc. now owns 49,663 shares of the company’s stock worth $1,406,000 after purchasing an additional 661 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in shares of Toast in the 3rd quarter valued at $397,000. CIBC Asset Management Inc boosted its position in Toast by 3.7% during the third quarter. CIBC Asset Management Inc now owns 12,614 shares of the company’s stock valued at $357,000 after buying an additional 448 shares during the period. Natixis Advisors LLC grew its position in Toast by 43.9% during the 3rd quarter. Natixis Advisors LLC now owns 82,259 shares of the company’s stock worth $2,329,000 after acquiring an additional 25,113 shares during the last quarter. Finally, Swiss National Bank grew its holdings in shares of Toast by 3.9% in the third quarter. Swiss National Bank now owns 1,075,600 shares of the company’s stock worth $30,450,000 after purchasing an additional 40,600 shares during the last quarter. 82.91% of the stock is owned by institutional investors.

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.