Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Toast (NYSE:TOST) Stock Price

Toast (NYSE:TOST) had its price objective hoisted by Deutsche Bank Aktiengesellschaft from $24.00 to $30.00 in a research report report published on Monday morning, Benzinga reports. They currently have a hold rating on the stock.

A number of other research firms have also issued reports on TOST. The Goldman Sachs Group lifted their price objective on shares of Toast from $29.00 to $33.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Needham & Company LLC reiterated a “buy” rating and issued a $30.00 price objective on shares of Toast in a report on Wednesday, August 7th. Robert W. Baird upped their price objective on shares of Toast from $28.00 to $30.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Bank of America boosted their price target on Toast from $26.00 to $28.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 17th. Finally, DA Davidson lifted their price objective on Toast from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $29.30.

Toast Price Performance

NYSE:TOST opened at $32.14 on Monday. The business’s 50-day moving average is $27.78 and its two-hundred day moving average is $25.81. The firm has a market capitalization of $14.82 billion, a PE ratio of -110.82 and a beta of 1.74. Toast has a 12 month low of $13.77 and a 12 month high of $32.15.

Toast (NYSE:TOST) last announced its earnings results on Tuesday, August 6th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.04. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. Toast had a negative return on equity of 11.27% and a negative net margin of 3.10%. The company’s revenue was up 27.0% on a year-over-year basis. During the same period last year, the business posted ($0.19) EPS. Equities analysts anticipate that Toast will post -0.1 EPS for the current year.

Insider Buying and Selling at Toast

In other news, CFO Elena Gomez sold 1,917 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $31.08, for a total transaction of $59,580.36. Following the completion of the transaction, the chief financial officer now owns 159,615 shares in the company, valued at approximately $4,960,834.20. 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 accessible through the SEC website. In related news, CRO Jonathan Vassil sold 1,367 shares of Toast stock in a transaction dated Monday, November 4th. The shares were 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 in the company, valued at $1,238,040.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Elena Gomez sold 1,917 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $31.08, for a total transaction of $59,580.36. Following the completion of the transaction, the chief financial officer now owns 159,615 shares of the company’s stock, valued at $4,960,834.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,375,651 shares of company stock worth $38,150,212. 13.32% of the stock is owned by insiders.

Institutional Trading of Toast

Institutional investors have recently made changes to their positions in the stock. Stephens Investment Management Group LLC lifted its position in Toast by 13.1% in the third quarter. Stephens Investment Management Group LLC now owns 1,884,771 shares of the company’s stock worth $53,358,000 after purchasing an additional 218,959 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in Toast in the first quarter worth about $5,078,000. QRG Capital Management Inc. lifted its holdings in Toast by 39.7% in the 2nd quarter. QRG Capital Management Inc. now owns 84,967 shares of the company’s stock valued at $2,190,000 after acquiring an additional 24,164 shares during the last quarter. Epoch Investment Partners Inc. acquired a new position in shares of Toast in the 1st quarter worth approximately $633,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Toast by 15.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 483,140 shares of the company’s stock worth $12,040,000 after purchasing an additional 65,654 shares in the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.

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.