Toast, Inc. (NYSE:TOST) Receives $40.48 Average PT from Analysts

Toast, Inc. (NYSE:TOST) has received an average recommendation of “Hold” from the twenty-two research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $40.48.

TOST has been the subject of a number of recent research reports. BMO Capital Markets increased their target price on shares of Toast from $46.00 to $48.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Needham & Company LLC restated a “buy” rating and issued a $50.00 price objective on shares of Toast in a report on Thursday, February 20th. Wells Fargo & Company boosted their price objective on Toast from $25.00 to $30.00 and gave the company an “underweight” rating in a report on Thursday, January 16th. JPMorgan Chase & Co. raised their price target on shares of Toast from $36.00 to $42.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. Finally, DA Davidson restated a “neutral” rating and set a $38.00 target price (down from $44.00) on shares of Toast in a research note on Thursday, December 5th.

Toast Stock Down 1.7 %

Shares of TOST opened at $35.36 on Friday. Toast has a 52-week low of $21.32 and a 52-week high of $44.12. The business has a fifty day moving average of $37.80 and a 200 day moving average of $35.33. The company has a market cap of $17.47 billion, a PE ratio of -3,532.27, a P/E/G ratio of 2.16 and a beta of 1.99.

Toast (NYSE:TOST) last issued its earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. Toast had a net margin of 0.40% and a return on equity of 1.54%. As a group, research analysts anticipate that Toast will post 0.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Toast news, General Counsel Brian R. Elworthy sold 653 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total value of $25,878.39. Following the sale, the general counsel now owns 209,206 shares of the company’s stock, valued at $8,290,833.78. This trade represents a 0.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Deval L. Patrick sold 34,222 shares of Toast stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $33.01, for a total value of $1,129,668.22. Following the sale, the director now directly owns 13,260 shares in the company, valued at approximately $437,712.60. This trade represents a 72.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 270,770 shares of company stock worth $9,409,211. 13.32% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Toast

Several institutional investors have recently modified their holdings of the business. Blue Trust Inc. increased its position in shares of Toast by 120.4% during the fourth quarter. Blue Trust Inc. now owns 692 shares of the company’s stock worth $25,000 after acquiring an additional 378 shares in the last quarter. Piscataqua Savings Bank bought a new stake in shares of Toast in the fourth quarter valued at about $26,000. Stonebridge Financial Group LLC acquired a new position in shares of Toast during the fourth quarter worth about $34,000. SBI Securities Co. Ltd. bought a new position in shares of Toast during the fourth quarter worth about $35,000. Finally, Wingate Wealth Advisors Inc. bought a new position in shares of Toast during the fourth quarter worth about $40,000. Institutional investors and hedge funds 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.