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

Shares of Toast, Inc. (NYSE:TOST) have been given a consensus recommendation of “Hold” by the twenty-three ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $40.09.

Several equities research analysts have recently commented on the stock. UBS Group raised their target price on shares of Toast from $41.00 to $47.00 and gave the stock a “buy” rating in a research report on Thursday. Keefe, Bruyette & Woods increased their price target on shares of Toast from $40.00 to $42.00 and gave the stock a “market perform” rating in a research note on Thursday. The Goldman Sachs Group set a $40.00 price target on shares of Toast and gave the stock a “neutral” rating in a research note on Wednesday. Oppenheimer assumed coverage on shares of Toast in a research note on Friday, January 24th. They issued an “outperform” rating and a $46.00 price target for the company. Finally, BNP Paribas set a $37.00 price target on shares of Toast and gave the stock a “neutral” rating in a research note on Wednesday.

Insider Transactions at Toast

In related news, General Counsel Brian R. Elworthy sold 653 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total value of $25,878.39. Following the transaction, the general counsel now owns 209,206 shares of the company’s stock, valued at approximately $8,290,833.78. This trade represents a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CRO Jonathan Vassil sold 1,006 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 transaction of $39,867.78. Following the completion of the transaction, the executive now directly owns 48,488 shares in the company, valued at approximately $1,921,579.44. The trade was a 2.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 149,779 shares of company stock worth $5,415,192 over the last three months. 13.32% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Toast

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Toast by 10.8% during the fourth 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 in the last quarter. Capital International Investors lifted its holdings in Toast by 1.9% during the fourth quarter. Capital International Investors now owns 41,961,233 shares of the company’s stock valued at $1,529,657,000 after purchasing an additional 785,641 shares in the last quarter. FMR LLC lifted its holdings in Toast by 22.1% during the fourth quarter. FMR LLC now owns 29,853,639 shares of the company’s stock valued at $1,088,165,000 after purchasing an additional 5,403,896 shares in the last quarter. ValueAct Holdings L.P. purchased a new position in Toast during the third quarter valued at approximately $438,301,000. Finally, State Street Corp lifted its holdings in Toast by 2.5% during the third quarter. State Street Corp now owns 8,325,292 shares of the company’s stock valued at $235,689,000 after purchasing an additional 206,789 shares in the last quarter. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Toast Trading Down 6.4 %

NYSE:TOST opened at $37.68 on Monday. The company has a 50-day moving average price of $38.60 and a 200-day moving average price of $33.58. Toast has a 12 month low of $20.57 and a 12 month high of $44.12. The stock has a market cap of $17.75 billion, a price-to-earnings ratio of -3,764.44, a P/E/G ratio of 2.16 and a beta of 1.98.

Toast (NYSE:TOST) last posted its 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 return on equity of 1.54% and a net margin of 0.40%. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Equities analysts forecast that Toast will post 0.39 EPS for the current fiscal year.

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.