Toast, Inc. (NYSE:TOST) Given Average Recommendation of “Hold” by Analysts

Toast, Inc. (NYSE:TOST) has been assigned an average rating of “Hold” from the twenty-two ratings firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $34.81.

Several analysts have recently commented on the stock. Wedbush increased their price target on shares of Toast from $35.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Royal Bank of Canada raised 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. JPMorgan Chase & Co. upped their price objective on Toast from $28.00 to $36.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Compass Point assumed coverage on Toast in a research report on Wednesday, November 20th. They set a “buy” rating and a $49.00 target price for the company. Finally, Robert W. Baird upped their price target on Toast from $30.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, November 8th.

Toast Stock Performance

TOST opened at $37.60 on Friday. The firm’s 50-day simple moving average is $37.83 and its 200-day simple moving average is $30.14. Toast has a twelve month low of $16.13 and a twelve month high of $44.12. The firm has a market cap of $17.71 billion, a price-to-earnings ratio of -289.23, a PEG ratio of 23.40 and a beta of 1.93.

Insiders Place Their Bets

In other news, President Stephen Fredette sold 40,459 shares of the business’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $29.04, for a total transaction of $1,174,929.36. Following the transaction, the president now directly owns 1,700,282 shares in the company, valued at $49,376,189.28. The trade was a 2.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Christopher P. Comparato sold 145,000 shares of Toast stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $36.04, for a total value of $5,225,800.00. Following the transaction, the director now owns 182,451 shares of the company’s stock, valued at $6,575,534.04. The trade was a 44.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,149,075 shares of company stock valued at $39,389,680 in the last quarter. 13.32% of the stock is currently owned by insiders.

Institutional Trading of Toast

Hedge funds have recently modified their holdings of the stock. Toth Financial Advisory Corp bought a new stake in shares of Toast in the third quarter valued at about $28,000. Raleigh Capital Management Inc. grew its stake in Toast by 93.4% during the third quarter. Raleigh Capital Management Inc. now owns 1,491 shares of the company’s stock worth $42,000 after buying an additional 720 shares in the last quarter. Farther Finance Advisors LLC raised its position in Toast by 32.3% during the third quarter. Farther Finance Advisors LLC now owns 2,033 shares of the company’s stock valued at $58,000 after purchasing an additional 496 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Toast in the third quarter valued at about $59,000. Finally, Truvestments Capital LLC acquired a new position in Toast during the 3rd quarter worth approximately $65,000. 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.