Toast (NYSE:TOST) Price Target Raised to $30.00 at Deutsche Bank Aktiengesellschaft

Toast (NYSE:TOST) had its target price boosted by Deutsche Bank Aktiengesellschaft from $24.00 to $30.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential downside of 3.41% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Needham & Company LLC restated a “buy” rating and issued a $30.00 price target on shares of Toast in a report on Wednesday, August 7th. Bank of America lifted their target price on shares of Toast from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. DA Davidson increased their target price on shares of Toast from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Wedbush upgraded shares of Toast to a “strong-buy” rating in a research report on Friday, September 6th. Finally, The Goldman Sachs Group raised their price target on Toast from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $29.30.

Toast Price Performance

NYSE TOST traded up $0.08 on Monday, reaching $31.06. The stock had a trading volume of 2,164,706 shares, compared to its average volume of 7,060,209. The company has a market cap of $14.32 billion, a P/E ratio of -107.10 and a beta of 1.74. The firm has a fifty day moving average of $27.37 and a two-hundred day moving average of $25.65. Toast has a 1-year low of $13.77 and a 1-year high of $31.57.

Toast (NYSE:TOST) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.04. Toast had a negative return on equity of 11.27% and a negative net margin of 3.10%. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the firm earned ($0.19) EPS. Toast’s revenue was up 27.0% on a year-over-year basis. Research analysts predict that Toast will post -0.1 EPS for the current fiscal year.

Insider Buying and Selling at Toast

In other Toast news, General Counsel Brian R. Elworthy sold 300,000 shares of the firm’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $30.39, for a total value of $9,117,000.00. Following the sale, the general counsel now directly owns 177,836 shares of the company’s stock, valued at approximately $5,404,436.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, General Counsel Brian R. Elworthy sold 300,000 shares of Toast stock in a transaction on Friday, October 18th. The shares were sold at an average price of $30.39, for a total transaction of $9,117,000.00. Following the transaction, the general counsel now owns 177,836 shares in the company, valued at approximately $5,404,436.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CRO Jonathan Vassil sold 50,000 shares of the business’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $30.39, for a total transaction of $1,519,500.00. Following the completion of the transaction, the executive now owns 38,266 shares in the company, valued at $1,162,903.74. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,370,721 shares of company stock valued at $37,996,988. 13.32% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TOST. Northwestern Mutual Wealth Management Co. increased its position in Toast by 1.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 35,968 shares of the company’s stock worth $927,000 after purchasing an additional 421 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of Toast by 1.6% during the 3rd quarter. Private Advisor Group LLC now owns 28,151 shares of the company’s stock worth $797,000 after purchasing an additional 441 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of Toast by 32.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,033 shares of the company’s stock worth $58,000 after purchasing an additional 496 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Toast by 8.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 6,742 shares of the company’s stock valued at $174,000 after buying an additional 520 shares in the last quarter. Finally, Comerica Bank raised its holdings in shares of Toast by 10.9% in the 1st quarter. Comerica Bank now owns 6,167 shares of the company’s stock worth $154,000 after buying an additional 607 shares in the last quarter. Institutional investors and hedge funds 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.