Toast (NYSE:TOST) Price Target Raised to $40.00

Toast (NYSE:TOST) had its target price hoisted by Royal Bank of Canada from $27.00 to $40.00 in a report released on Friday morning,Benzinga reports. The firm currently has a sector perform rating on the stock.

TOST has been the topic of several other reports. Bank of America upped their target price on Toast from $26.00 to $28.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. Wells Fargo & Company increased their price objective on Toast from $23.00 to $25.00 and gave the company an “underweight” rating in a report on Friday. Stephens lifted their target price on Toast from $28.00 to $30.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. Wedbush increased their price target on shares of Toast from $35.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday. Finally, 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. One analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $31.80.

Toast Trading Up 14.7 %

NYSE:TOST opened at $37.48 on Friday. Toast has a twelve month low of $13.77 and a twelve month high of $38.40. The company has a market cap of $17.28 billion, a PE ratio of -288.31 and a beta of 1.74. The company’s 50 day moving average is $28.19 and its two-hundred day moving average is $26.01.

Insider Activity at Toast

In other Toast news, President Stephen Fredette sold 211,686 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $23.57, for a total transaction of $4,989,439.02. Following the completion of the transaction, the president now directly owns 2,638,023 shares in the company, valued at approximately $62,178,202.11. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CRO Jonathan Vassil sold 1,367 shares of Toast stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $31.08, for a total value of $42,486.36. Following the sale, the executive now directly owns 39,834 shares of the company’s stock, 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 legal filing with the SEC, which is available at this link. Also, President Stephen Fredette sold 211,686 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $23.57, for a total value of $4,989,439.02. Following the completion of the transaction, the president now directly owns 2,638,023 shares of the company’s stock, valued at approximately $62,178,202.11. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,375,651 shares of company stock valued at $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. West Branch Capital LLC acquired a new position in Toast during the second quarter worth about $26,000. LRI Investments LLC purchased a new position in Toast in the 1st quarter worth approximately $27,000. Toth Financial Advisory Corp purchased a new position in Toast in the 3rd quarter worth approximately $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Toast during the 2nd quarter worth approximately $33,000. Finally, 1620 Investment Advisors Inc. purchased a new stake in shares of Toast in the second quarter valued at approximately $34,000. Hedge funds and other 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.