Investment Analysts’ Weekly Ratings Updates for Toast (TOST)

Several brokerages have updated their recommendations and price targets on shares of Toast (NYSE: TOST) in the last few weeks:

• 12/9/2024 – Toast had its price target raised by analysts at Keefe, Bruyette & Woods from $29.00 to $40.00. They now have a “market perform” rating on the stock.
• 12/5/2024 – Toast had its “neutral” rating reaffirmed by analysts at DA Davidson. They now have a $38.00 price target on the stock, down previously from $44.00.
• 12/2/2024 – Toast had its “neutral” rating reaffirmed by analysts at The Goldman Sachs Group, Inc.. They now have a $45.00 price target on the stock, up previously from $34.00.
• 11/20/2024 – Toast was downgraded by analysts at BNP Paribas from an “outperform” rating to a “neutral” rating. They now have a $37.00 price target on the stock.
• 11/20/2024 – Toast is now covered by analysts at Compass Point. They set a “buy” rating and a $49.00 price target on the stock.
• 11/12/2024 – Toast had its price target raised by analysts at DA Davidson from $35.00 to $44.00. They now have a “buy” rating on the stock.
• 11/11/2024 – Toast had its price target raised by analysts at Piper Sandler from $25.00 to $35.00. They now have a “neutral” rating on the stock.
• 11/8/2024 – Toast had its price target raised by analysts at Wells Fargo & Company from $23.00 to $25.00. They now have an “underweight” rating on the stock.
• 11/8/2024 – Toast had its price target raised by analysts at Royal Bank of Canada from $27.00 to $40.00. They now have a “sector perform” rating on the stock.
• 11/8/2024 – Toast had its price target raised by analysts at Wedbush from $35.00 to $45.00. They now have an “outperform” rating on the stock.
• 11/8/2024 – Toast had its price target raised by analysts at JPMorgan Chase & Co. from $28.00 to $36.00. They now have a “neutral” rating on the stock.
• 11/8/2024 – Toast had its price target raised by analysts at Robert W. Baird from $30.00 to $38.00. They now have a “neutral” rating on the stock.
• 11/4/2024 – Toast had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $24.00 to $30.00. They now have a “hold” rating on the stock.
• 10/29/2024 – Toast had its price target raised by analysts at DA Davidson from $32.00 to $35.00. They now have a “buy” rating on the stock.
• 10/22/2024 – Toast had its price target raised by analysts at Morgan Stanley from $30.00 to $33.00. They now have an “overweight” rating on the stock.
• 10/18/2024 – Toast had its price target raised by analysts at Stephens from $28.00 to $30.00. They now have an “equal weight” rating on the stock.
• 10/14/2024 – Toast had its price target raised by analysts at Robert W. Baird from $28.00 to $30.00. They now have a “neutral” rating on the stock.
• 10/14/2024 – Toast had its price target raised by analysts at The Goldman Sachs Group, Inc. from $29.00 to $33.00. They now have a “buy” rating on the stock.

Toast Price Performance

Toast stock opened at $38.28 on Wednesday. The stock’s 50 day moving average is $34.72 and its 200 day moving average is $28.41. Toast, Inc. has a one year low of $15.14 and a one year high of $44.12. The firm has a market cap of $18.03 billion, a P/E ratio of -294.46, a P/E/G ratio of 23.81 and a beta of 1.92.

Insider Buying and Selling at Toast

In other news, Director David Yuan sold 189,785 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $43.01, for a total transaction of $8,162,652.85. Following the transaction, the director now owns 198,829 shares in the company, valued at approximately $8,551,635.29. This represents a 48.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Aman Narang sold 10,106 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $27.77, for a total value of $280,643.62. Following the completion of the sale, the chief executive officer now owns 968,095 shares of the company’s stock, valued at approximately $26,883,998.15. This represents a 1.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,476,635 shares of company stock valued at $47,170,681. 13.32% of the stock is currently owned by insiders.

Institutional Trading of Toast

Several hedge funds have recently bought and sold shares of TOST. West Branch Capital LLC bought a new stake in Toast during the 2nd quarter worth approximately $26,000. Toth Financial Advisory Corp purchased a new position in shares of Toast during the third quarter valued at approximately $28,000. 1620 Investment Advisors Inc. bought a new stake in Toast during the second quarter worth $34,000. Raleigh Capital Management Inc. raised its position in Toast by 93.4% in the 3rd quarter. Raleigh Capital Management Inc. now owns 1,491 shares of the company’s stock valued at $42,000 after buying an additional 720 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in Toast by 32.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,033 shares of the company’s stock valued at $58,000 after acquiring an additional 496 shares in the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

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.