Toast, Inc. (NYSE:TOST) Receives Consensus Recommendation of “Hold” from Analysts

Toast, Inc. (NYSE:TOST) has earned an average rating of “Hold” from the twenty-one research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $26.14.

A number of analysts have commented on TOST shares. BNP Paribas raised Toast from a “neutral” rating to an “outperform” rating and set a $30.00 price target for the company in a research report on Thursday, March 7th. Robert W. Baird lowered Toast from an “outperform” rating to a “neutral” rating and set a $28.00 target price on the stock. in a research report on Tuesday, May 21st. Baird R W cut shares of Toast from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 21st. The Goldman Sachs Group raised their target price on shares of Toast from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Finally, Piper Sandler upped their price target on shares of Toast from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, May 9th.

Insiders Place Their Bets

In other news, CEO Aman Narang sold 2,471 shares of the stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $23.40, for a total value of $57,821.40. Following the completion of the sale, the chief executive officer now owns 1,114,454 shares of the company’s stock, valued at $26,078,223.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Toast news, CRO Jonathan Vassil sold 50,000 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $22.90, for a total value of $1,145,000.00. Following the transaction, the executive now owns 25,422 shares in the company, valued at approximately $582,163.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Aman Narang sold 2,471 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $23.40, for a total value of $57,821.40. Following the sale, the chief executive officer now owns 1,114,454 shares of the company’s stock, valued at $26,078,223.60. The disclosure for this sale can be found here. Insiders sold 142,223 shares of company stock worth $3,458,694 over the last three months. 13.32% of the stock is owned by insiders.

Hedge Funds Weigh In On Toast

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Toast by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 36,677,371 shares of the company’s stock valued at $669,729,000 after purchasing an additional 1,598,248 shares during the last quarter. Capital International Investors boosted its stake in Toast by 12.2% during the 1st quarter. Capital International Investors now owns 32,924,082 shares of the company’s stock valued at $820,468,000 after purchasing an additional 3,574,397 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Toast by 21.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 19,524,700 shares of the company’s stock valued at $486,557,000 after purchasing an additional 3,445,788 shares during the period. HMI Capital Management L.P. raised its holdings in shares of Toast by 5.6% during the fourth quarter. HMI Capital Management L.P. now owns 15,189,265 shares of the company’s stock valued at $277,356,000 after buying an additional 808,244 shares during the last quarter. Finally, Morgan Stanley grew its holdings in Toast by 149.3% in the 3rd quarter. Morgan Stanley now owns 12,007,286 shares of the company’s stock worth $224,896,000 after buying an additional 7,191,595 shares in the last quarter. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Toast Trading Up 6.3 %

NYSE:TOST opened at $24.02 on Wednesday. The company has a market cap of $10.88 billion, a price-to-earnings ratio of -48.04 and a beta of 1.75. Toast has a twelve month low of $13.77 and a twelve month high of $27.90. The stock has a fifty day simple moving average of $24.09 and a 200-day simple moving average of $21.51.

Toast (NYSE:TOST) last issued its earnings results on Tuesday, May 7th. The company reported ($0.15) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.15). Toast had a negative return on equity of 21.45% and a negative net margin of 6.02%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the company posted ($0.16) EPS. Toast’s revenue was up 31.3% on a year-over-year basis. As a group, equities research analysts predict that Toast will post -0.14 EPS for the current fiscal year.

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.