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

Toast, Inc. (NYSE:TOST) has been given an average recommendation of “Hold” by the twenty-one research firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $32.75.

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada upped their price target on Toast from $27.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Friday, November 8th. Stephens boosted their price target on Toast from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. increased their price objective on shares of Toast from $28.00 to $36.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Bank of America upped their price target on shares of Toast from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. Finally, The Goldman Sachs Group lifted their price objective on shares of Toast from $29.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, October 14th.

Insider Buying and Selling

In other Toast news, President Stephen Fredette sold 211,686 shares of the stock in a transaction that occurred 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 sale, the president now directly owns 2,638,023 shares in the company, valued at $62,178,202.11. This represents a 7.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Brian R. Elworthy sold 300,000 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 $9,117,000.00. Following the completion of the transaction, the general counsel now owns 177,836 shares of the company’s stock, valued at approximately $5,404,436.04. This trade represents a 62.78 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,575,651 shares of company stock valued at $45,472,212. Company insiders own 13.32% of the company’s stock.

Institutional Trading of Toast

A number of institutional investors have recently bought and sold shares of TOST. LRI Investments LLC purchased a new position in Toast during the 1st quarter worth $27,000. West Branch Capital LLC acquired a new stake in Toast during the 2nd quarter worth approximately $26,000. Toth Financial Advisory Corp acquired a new position in shares of Toast in the third quarter valued at approximately $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Toast during the second quarter worth approximately $33,000. Finally, 1620 Investment Advisors Inc. acquired a new stake in shares of Toast during the second quarter worth $34,000. 82.91% of the stock is owned by hedge funds and other institutional investors.

Toast Price Performance

TOST stock opened at $40.61 on Friday. The business has a 50-day moving average price of $29.75 and a 200 day moving average price of $26.53. Toast has a 1-year low of $13.77 and a 1-year high of $41.05. The company has a market capitalization of $19.12 billion, a P/E ratio of -312.35 and a beta of 1.74.

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.