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

Toast, Inc. (NYSE:TOST) has earned a consensus recommendation of “Hold” from the twenty-four brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $35.74.

TOST has been the topic of several recent analyst reports. BNP Paribas downgraded shares of Toast from an “outperform” rating to a “neutral” rating and set a $37.00 price objective on the stock. in a report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft lifted their price objective on Toast from $24.00 to $30.00 and gave the stock a “hold” rating in a report on Monday, November 4th. DA Davidson reissued a “neutral” rating and set a $38.00 target price (down previously from $44.00) on shares of Toast in a report on Thursday, December 5th. Royal Bank of Canada lifted their price target on Toast from $27.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Friday, November 8th. Finally, Keefe, Bruyette & Woods increased their price objective on Toast from $29.00 to $40.00 and gave the company a “market perform” rating in a research note on Monday, December 9th.

Insiders Place Their Bets

In other news, Director Christopher P. Comparato sold 145,000 shares of the business’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $36.04, for a total transaction of $5,225,800.00. Following the completion of the transaction, the director now directly owns 182,451 shares of the company’s stock, valued at approximately $6,575,534.04. The trade was a 44.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Aman Narang sold 1,646 shares of the firm’s 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 $51,157.68. Following the completion of the sale, the chief executive officer now directly owns 969,970 shares in the company, valued at approximately $30,146,667.60. This trade represents a 0.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 562,600 shares of company stock worth $21,823,932 over the last three months. Company insiders own 13.32% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. raised its position in shares of Toast by 120.4% during the 4th quarter. Blue Trust Inc. now owns 692 shares of the company’s stock worth $25,000 after acquiring an additional 378 shares in the last quarter. Piscataqua Savings Bank acquired a new stake in Toast during the fourth quarter worth approximately $26,000. Toth Financial Advisory Corp purchased a new stake in shares of Toast during the 3rd quarter worth approximately $28,000. Stonebridge Financial Group LLC acquired a new position in shares of Toast in the 4th quarter valued at $34,000. Finally, Wingate Wealth Advisors Inc. purchased a new position in shares of Toast in the 4th quarter valued at $40,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Toast Stock Up 0.2 %

Shares of NYSE TOST opened at $40.03 on Thursday. Toast has a 52 week low of $17.65 and a 52 week high of $44.12. The business’s 50 day moving average price is $38.71 and its 200 day moving average price is $31.77. The firm has a market cap of $18.85 billion, a P/E ratio of -307.93, a P/E/G ratio of 2.05 and a beta of 1.97.

Toast (NYSE:TOST) last posted its earnings results on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. Toast had a negative net margin of 1.05% and a negative return on equity of 3.84%. During the same period in the previous year, the firm posted ($0.09) earnings per share. As a group, research analysts expect that Toast will post 0.03 earnings per share for the current year.

About Toast

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.