DA Davidson Issues Positive Forecast for Toast (NYSE:TOST) Stock Price

Toast (NYSE:TOST) had its price target upped by DA Davidson from $35.00 to $44.00 in a research note published on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

TOST has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Toast from $24.00 to $30.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Bank of America upped their price target on Toast from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. The Goldman Sachs Group raised their price objective on Toast from $29.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Morgan Stanley boosted their target price on Toast from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Finally, Stephens increased their price target on Toast from $28.00 to $30.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $32.75.

Toast Stock Up 0.6 %

NYSE:TOST opened at $40.61 on Tuesday. The business’s 50-day moving average price is $29.75 and its 200 day moving average price is $26.53. Toast has a 52-week low of $13.77 and a 52-week high of $41.05. The firm has a market cap of $19.12 billion, a P/E ratio of -312.35 and a beta of 1.74.

Insiders Place Their Bets

In other Toast 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 transaction of $280,643.62. Following the transaction, the chief executive officer now directly owns 968,095 shares of the company’s stock, valued at $26,883,998.15. This represents a 1.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Stephen Fredette sold 211,686 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $23.57, for a total value of $4,989,439.02. Following the completion of the sale, the president now directly owns 2,638,023 shares of the company’s stock, valued at $62,178,202.11. This represents a 7.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,575,651 shares of company stock valued at $45,472,212 in the last three months. Insiders own 13.32% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. West Branch Capital LLC bought a new stake in Toast during the second quarter worth approximately $26,000. LRI Investments LLC acquired a new stake in shares of Toast in the first quarter worth $27,000. Toth Financial Advisory Corp bought a new stake in shares of Toast during the 3rd quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Toast in the 2nd quarter valued at $33,000. Finally, 1620 Investment Advisors Inc. bought a new position in Toast in the 2nd quarter worth $34,000. 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.