Toast’s (TOST) Neutral Rating Reaffirmed at The Goldman Sachs Group

The Goldman Sachs Group restated their neutral rating on shares of Toast (NYSE:TOST) in a research report released on Monday morning, MarketBeat.com reports. They currently have a $45.00 target price on the stock, up from their previous target price of $34.00.

A number of other research analysts also recently weighed in on the company. Needham & Company LLC reiterated a “buy” rating and set a $30.00 target price on shares of Toast in a report on Wednesday, August 7th. Wells Fargo & Company upped their price objective on Toast from $23.00 to $25.00 and gave the company an “underweight” rating in a research report on Friday, November 8th. DA Davidson upped their price objective on Toast from $35.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Royal Bank of Canada boosted their target price on shares of Toast from $27.00 to $40.00 and gave the company a “sector perform” rating in a research note on Friday, November 8th. Finally, Compass Point assumed coverage on shares of Toast in a research note on Wednesday, November 20th. They set a “buy” rating and a $49.00 target price for the company. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $34.43.

Toast Price Performance

Shares of NYSE:TOST opened at $42.36 on Monday. Toast has a 1 year low of $14.45 and a 1 year high of $44.12. The company has a market cap of $19.95 billion, a PE ratio of -325.85, a P/E/G ratio of 55.49 and a beta of 1.74. The stock’s 50-day moving average is $33.38 and its 200 day moving average is $27.88.

Insiders Place Their Bets

In other news, President Stephen Fredette sold 211,686 shares of the firm’s 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 transaction, 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 7.43 % 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. Also, CRO Jonathan Vassil sold 1,367 shares of Toast stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $31.08, for a total transaction of $42,486.36. Following the transaction, the executive now directly owns 39,834 shares in the company, valued at approximately $1,238,040.72. The trade was a 3.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,688,321 shares of company stock valued at $52,160,120 over the last 90 days. Insiders own 13.32% of the company’s stock.

Hedge Funds Weigh In On Toast

Several institutional investors have recently bought and sold shares of TOST. West Branch Capital LLC acquired a new stake in shares of Toast during the second quarter worth $26,000. Toth Financial Advisory Corp acquired a new position in shares of Toast in the third quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Toast in the second quarter worth about $33,000. 1620 Investment Advisors Inc. acquired a new position in shares of Toast in the second quarter worth about $34,000. Finally, Raleigh Capital Management Inc. raised its position in shares of Toast by 93.4% during the 3rd quarter. Raleigh Capital Management Inc. now owns 1,491 shares of the company’s stock worth $42,000 after purchasing an additional 720 shares during the last quarter. 82.91% of the stock is owned by hedge funds and other 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.