Toast, Inc. (NYSE:TOST) Given Consensus Recommendation of “Moderate Buy” by Analysts

Toast, Inc. (NYSE:TOST) has earned an average recommendation of “Moderate Buy” from the nineteen research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $28.78.

TOST has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their price target on Toast from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. Morgan Stanley increased their target price on shares of Toast from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. The Goldman Sachs Group boosted their price target on shares of Toast from $29.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Wedbush upgraded shares of Toast to a “strong-buy” rating in a research report on Friday, September 6th. Finally, Needham & Company LLC restated a “buy” rating and issued a $30.00 target price on shares of Toast in a report on Wednesday, August 7th.

Toast Stock Performance

Shares of TOST opened at $29.52 on Tuesday. Toast has a 52 week low of $13.77 and a 52 week high of $30.70. The stock has a market capitalization of $13.61 billion, a price-to-earnings ratio of -101.79 and a beta of 1.76. The stock has a fifty day moving average of $26.37 and a 200-day moving average of $25.22.

Toast (NYSE:TOST) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. Toast had a negative return on equity of 11.27% and a negative net margin of 3.10%. The business’s revenue for the quarter was up 27.0% on a year-over-year basis. During the same period last year, the firm posted ($0.19) earnings per share. As a group, equities analysts forecast that Toast will post -0.1 EPS for the current year.

Insider Transactions at Toast

In related news, President Stephen Fredette sold 211,686 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $23.57, for a total transaction of $4,989,439.02. Following the completion of the sale, the president now directly owns 2,638,023 shares of the company’s stock, valued at approximately $62,178,202.11. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, President Stephen Fredette sold 211,686 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $23.57, for a total transaction of $4,989,439.02. Following the completion of the transaction, the president now owns 2,638,023 shares in the company, valued at approximately $62,178,202.11. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christopher P. Comparato sold 125,000 shares of the stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $29.21, for a total transaction of $3,651,250.00. Following the transaction, the director now directly owns 134,627 shares of the company’s stock, valued at $3,932,454.67. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,006,021 shares of company stock worth $26,808,638 in the last 90 days. Insiders own 13.32% of the company’s stock.

Institutional Investors Weigh In On Toast

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of Toast by 1.2% in the second 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 in the last quarter. Park Avenue Securities LLC grew its stake in Toast by 1.0% in the 1st quarter. Park Avenue Securities LLC now owns 43,357 shares of the company’s stock valued at $1,080,000 after buying an additional 436 shares in the last quarter. Wellington Shields & Co. LLC raised its holdings in Toast by 3.1% during the 1st quarter. Wellington Shields & Co. LLC now owns 16,700 shares of the company’s stock valued at $416,000 after acquiring an additional 500 shares during the period. Parkside Financial Bank & Trust lifted its position in shares of Toast by 8.4% during the second quarter. Parkside Financial Bank & Trust now owns 6,742 shares of the company’s stock worth $174,000 after acquiring an additional 520 shares in the last quarter. Finally, Comerica Bank boosted its holdings in shares of Toast by 10.9% in the first quarter. Comerica Bank now owns 6,167 shares of the company’s stock worth $154,000 after acquiring an additional 607 shares during the period. 82.91% of the stock is currently 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.