Toast (NYSE:TOST) Stock Price Expected to Rise, UBS Group Analyst Says

Toast (NYSE:TOST) had its price target raised by equities research analysts at UBS Group from $41.00 to $47.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s target price points to a potential upside of 24.73% from the company’s previous close.

Several other equities research analysts have also commented on the stock. Oppenheimer started coverage on shares of Toast in a research note on Friday, January 24th. They issued an “outperform” rating and a $46.00 price target on the stock. The Goldman Sachs Group dropped their price target on shares of Toast from $45.00 to $40.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Morgan Stanley raised their price objective on shares of Toast from $46.00 to $50.00 and gave the company an “overweight” rating in a research note on Thursday. BNP Paribas lowered shares of Toast from an “outperform” rating to a “neutral” rating and set a $37.00 price objective on the stock. in a research note on Wednesday, November 20th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Toast from $28.00 to $36.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $40.23.

Toast Trading Down 6.4 %

Shares of NYSE:TOST opened at $37.68 on Thursday. The firm’s 50 day moving average is $38.60 and its two-hundred day moving average is $33.44. Toast has a 52 week low of $20.57 and a 52 week high of $44.12. The firm has a market capitalization of $17.75 billion, a P/E ratio of -3,764.44, a PEG ratio of 2.16 and a beta of 1.98.

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

Insider Buying and Selling

In other news, Director David Yuan sold 189,785 shares of the firm’s stock in a transaction on 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 trade represents a 48.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Stephen Fredette sold 1,068 shares of Toast stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total transaction of $42,324.84. Following the completion of the transaction, the president now owns 1,644,656 shares in the company, valued at $65,177,717.28. This trade represents a 0.06 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 339,564 shares of company stock valued at $13,577,845. Company insiders own 13.32% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TOST. Vanguard Group Inc. grew its position in Toast by 10.8% in the 4th quarter. Vanguard Group Inc. now owns 42,474,232 shares of the company’s stock worth $1,548,186,000 after purchasing an additional 4,147,430 shares during the last quarter. Capital International Investors raised its stake in shares of Toast by 1.9% in the fourth quarter. Capital International Investors now owns 41,961,233 shares of the company’s stock worth $1,529,657,000 after acquiring an additional 785,641 shares during the last quarter. FMR LLC raised its stake in shares of Toast by 22.1% in the fourth quarter. FMR LLC now owns 29,853,639 shares of the company’s stock worth $1,088,165,000 after acquiring an additional 5,403,896 shares during the last quarter. ValueAct Holdings L.P. bought a new stake in shares of Toast during the third quarter worth approximately $438,301,000. Finally, State Street Corp raised its stake in shares of Toast by 2.5% during the third quarter. State Street Corp now owns 8,325,292 shares of the company’s stock worth $235,689,000 after buying an additional 206,789 shares during the last quarter. Institutional investors own 82.91% of the company’s stock.

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.