Keefe, Bruyette & Woods Boosts Toast (NYSE:TOST) Price Target to $42.00

Toast (NYSE:TOST) had its target price increased by investment analysts at Keefe, Bruyette & Woods from $40.00 to $42.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 11.46% from the stock’s previous close.

Several other equities research analysts also recently commented on TOST. Robert W. Baird upped their target price on shares of Toast from $30.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. DA Davidson restated a “neutral” rating and issued a $38.00 price objective (down previously from $44.00) on shares of Toast in a research report on Thursday, December 5th. Compass Point started coverage on Toast in a research note on Wednesday, November 20th. They set a “buy” rating and a $49.00 price objective on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on Toast from $24.00 to $30.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Finally, The Goldman Sachs Group dropped their price target on Toast from $45.00 to $40.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Toast presently has an average rating of “Hold” and a consensus target price of $40.23.

Toast Stock Down 6.4 %

Shares of Toast stock opened at $37.68 on Thursday. The business has a fifty day simple moving average of $38.60 and a 200 day simple moving average of $33.44. The stock has a market cap of $17.75 billion, a PE ratio of -3,764.44, a price-to-earnings-growth ratio of 2.16 and a beta of 1.98. Toast has a 12 month low of $20.57 and a 12 month high of $44.12.

Toast (NYSE:TOST) last issued its earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. Toast had a return on equity of 1.54% and a net margin of 0.40%. Analysts expect that Toast will post 0.38 EPS for the current fiscal year.

Insider Buying and Selling at Toast

In other Toast news, General Counsel Brian R. Elworthy sold 653 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total value of $25,878.39. Following the completion of the transaction, the general counsel now directly owns 209,206 shares in the company, valued at $8,290,833.78. This trade represents a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David Yuan sold 189,785 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $43.01, for a total value of $8,162,652.85. Following the sale, 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 position. The disclosure for this sale can be found here. In the last three months, insiders have sold 339,564 shares of company stock worth $13,577,845. Insiders own 13.32% of the company’s stock.

Institutional Trading of Toast

A number of large investors have recently added to or reduced their stakes in TOST. Vanguard Group Inc. raised its holdings in shares of Toast by 10.8% in the 4th quarter. Vanguard Group Inc. now owns 42,474,232 shares of the company’s stock valued at $1,548,186,000 after purchasing an additional 4,147,430 shares during the period. Capital International Investors increased its position in Toast by 1.9% during the fourth quarter. Capital International Investors now owns 41,961,233 shares of the company’s stock worth $1,529,657,000 after buying an additional 785,641 shares during the last quarter. FMR LLC increased its position in Toast by 22.1% during the fourth quarter. FMR LLC now owns 29,853,639 shares of the company’s stock worth $1,088,165,000 after buying an additional 5,403,896 shares during the last quarter. ValueAct Holdings L.P. bought a new stake in Toast in the third quarter valued at approximately $438,301,000. Finally, State Street Corp lifted its position in shares of Toast by 2.5% in the third quarter. State Street Corp now owns 8,325,292 shares of the company’s stock valued at $235,689,000 after buying an additional 206,789 shares during the last quarter. 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.