Toast, Inc. (NYSE:TOST) Receives $28.22 Consensus Target Price from Analysts

Toast, Inc. (NYSE:TOST) has earned an average rating of “Hold” from the nineteen research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $28.22.

Several equities analysts have commented on the stock. Needham & Company LLC restated a “buy” rating and issued a $30.00 price target on shares of Toast in a research note on Wednesday, August 7th. Wedbush reissued an “outperform” rating and set a $30.00 target price on shares of Toast in a research note on Thursday, May 30th. Baird R W lowered Toast from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 21st. JPMorgan Chase & Co. boosted their price objective on Toast from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Finally, Mizuho raised shares of Toast from a “neutral” rating to an “outperform” rating and raised their target price for the company from $21.00 to $33.00 in a report on Thursday, July 18th.

Insider Activity at Toast

In other Toast news, CEO Aman Narang sold 6,355 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $25.64, for a total transaction of $162,942.20. Following the transaction, the chief executive officer now owns 1,131,043 shares of the company’s stock, valued at $28,999,942.52. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Aman Narang sold 6,355 shares of the company’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $25.64, for a total value of $162,942.20. Following the completion of the sale, the chief executive officer now owns 1,131,043 shares in the company, valued at approximately $28,999,942.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, President Stephen Fredette sold 3,810 shares of the stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $25.64, for a total transaction of $97,688.40. Following the sale, the president now owns 2,847,315 shares of the company’s stock, valued at approximately $73,005,156.60. The disclosure for this sale can be found here. Insiders sold a total of 418,352 shares of company stock valued at $10,526,982 over the last ninety days. Insiders own 13.32% of the company’s stock.

Hedge Funds Weigh In On Toast

Several institutional investors have recently added to or reduced their stakes in TOST. Vanguard Group Inc. lifted its position in Toast by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 36,677,371 shares of the company’s stock worth $669,729,000 after acquiring an additional 1,598,248 shares during the period. Capital International Investors lifted its holdings in shares of Toast by 12.2% during the first quarter. Capital International Investors now owns 32,924,082 shares of the company’s stock worth $820,468,000 after purchasing an additional 3,574,397 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Toast by 21.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 19,524,700 shares of the company’s stock worth $486,557,000 after purchasing an additional 3,445,788 shares during the period. Abdiel Capital Advisors LP increased its stake in Toast by 0.3% in the 4th quarter. Abdiel Capital Advisors LP now owns 10,913,464 shares of the company’s stock valued at $199,280,000 after buying an additional 37,091 shares during the period. Finally, Champlain Investment Partners LLC raised its position in Toast by 9.1% during the 1st quarter. Champlain Investment Partners LLC now owns 9,976,356 shares of the company’s stock worth $248,611,000 after buying an additional 833,390 shares during the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

Toast Stock Performance

Shares of Toast stock opened at $23.30 on Monday. The business has a 50-day moving average of $24.94 and a 200 day moving average of $24.32. Toast has a 12 month low of $13.77 and a 12 month high of $27.90.

Toast (NYSE:TOST) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.04. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Toast had a negative net margin of 3.10% and a negative return on equity of 11.27%. The business’s quarterly revenue was up 27.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.19) earnings per share. Research analysts predict that Toast will post -0.1 EPS for the current 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.