JPMorgan Chase & Co. Raises Toast (NYSE:TOST) Price Target to $36.00

Toast (NYSE:TOST) had its price objective raised by JPMorgan Chase & Co. from $28.00 to $36.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other analysts have also issued research reports about the stock. Bank of America lifted their price target on shares of Toast from $26.00 to $28.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. Stephens boosted their target price on Toast from $28.00 to $30.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. The Goldman Sachs Group boosted their target price on Toast from $29.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Robert W. Baird boosted their target price on Toast from $30.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Mizuho raised Toast from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $21.00 to $33.00 in a research report on Thursday, July 18th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Toast presently has a consensus rating of “Hold” and a consensus price target of $32.30.

Toast Stock Performance

TOST stock opened at $37.96 on Friday. The firm has a market cap of $17.50 billion, a PE ratio of -291.96 and a beta of 1.74. The firm’s 50 day moving average price is $28.45 and its 200-day moving average price is $26.11. Toast has a one year low of $13.77 and a one year high of $38.40.

Insider Buying and Selling

In related news, President Stephen Fredette sold 211,686 shares of the business’s stock in a transaction on 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, President Stephen Fredette sold 211,686 shares of the business’s stock in a transaction on 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Elena Gomez sold 1,917 shares of the business’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $31.08, for a total transaction of $59,580.36. Following the transaction, the chief financial officer now owns 159,615 shares of the company’s stock, valued at approximately $4,960,834.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,375,651 shares of company stock worth $38,150,212. Corporate insiders own 13.32% of the company’s stock.

Hedge Funds Weigh In On Toast

Large investors have recently bought and sold shares of the stock. Stephens Investment Management Group LLC boosted its stake in Toast by 13.1% in the third quarter. Stephens Investment Management Group LLC now owns 1,884,771 shares of the company’s stock valued at $53,358,000 after acquiring an additional 218,959 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in Toast in the first quarter valued at $5,078,000. QRG Capital Management Inc. boosted its stake in Toast by 39.7% in the second quarter. QRG Capital Management Inc. now owns 84,967 shares of the company’s stock valued at $2,190,000 after acquiring an additional 24,164 shares in the last quarter. Epoch Investment Partners Inc. acquired a new position in Toast in the first quarter valued at $633,000. Finally, Duality Advisers LP acquired a new position in Toast in the first quarter valued at $1,172,000. 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.