Wedbush Boosts Toast (NYSE:TOST) Price Target to $45.00

Toast (NYSE:TOST) had its price target lifted by stock analysts at Wedbush from $35.00 to $45.00 in a report released on Friday, Marketbeat.com reports. The brokerage presently has an “outperform” rating on the stock. Wedbush’s price target suggests a potential upside of 20.06% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Mizuho upgraded shares of Toast from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $21.00 to $33.00 in a research report on Thursday, July 18th. JPMorgan Chase & Co. raised their price target on Toast from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. Bank of America boosted their price objective on shares of Toast from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. Royal Bank of Canada reissued a “sector perform” rating and issued a $27.00 price objective on shares of Toast in a research note on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Toast from $24.00 to $30.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $31.80.

Toast Stock Up 14.7 %

Shares of NYSE:TOST opened at $37.48 on Friday. The firm’s 50-day simple moving average is $28.19 and its 200-day simple moving average is $25.99. Toast has a fifty-two week low of $13.77 and a fifty-two week high of $38.40.

Insider Buying and Selling

In other Toast news, CRO Jonathan Vassil sold 1,367 shares of Toast stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $31.08, for a total value of $42,486.36. Following the completion of the sale, the executive now owns 39,834 shares in the company, valued at $1,238,040.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Aman Narang sold 10,106 shares of the stock in a transaction on 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 $26,883,998.15. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Jonathan Vassil sold 1,367 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $31.08, for a total transaction of $42,486.36. Following the sale, the executive now directly owns 39,834 shares of the company’s stock, valued at approximately $1,238,040.72. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,375,651 shares of company stock worth $38,150,212. 13.32% of the stock is owned by company insiders.

Institutional Investors Weigh In On Toast

A number of large investors have recently modified their holdings of TOST. Allspring Global Investments Holdings LLC grew its holdings in Toast by 52.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,910 shares of the company’s stock valued at $97,000 after purchasing an additional 1,345 shares in the last quarter. Norden Group LLC bought a new position in Toast during the 1st quarter valued at $254,000. Duality Advisers LP bought a new position in shares of Toast during the first quarter worth about $1,172,000. Empowered Funds LLC raised its stake in Toast by 16.0% during the first quarter. Empowered Funds LLC now owns 75,100 shares of the company’s stock valued at $1,871,000 after buying an additional 10,363 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in Toast by 1,554.6% during the 1st quarter. SG Americas Securities LLC now owns 312,844 shares of the company’s stock worth $7,796,000 after buying an additional 293,937 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.