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

Toast (NYSE:TOST) had its price target boosted by Keefe, Bruyette & Woods from $29.00 to $40.00 in a research report released on Monday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

Several other research firms have also weighed in on TOST. DA Davidson reissued a “neutral” rating and issued a $38.00 target price (down previously from $44.00) on shares of Toast in a research note on Thursday, December 5th. Morgan Stanley increased their price objective on shares of Toast from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Compass Point started coverage on shares of Toast in a research note on Wednesday, November 20th. They issued a “buy” rating and a $49.00 price target for the company. Robert W. Baird lifted their target price on Toast from $30.00 to $38.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. increased their target price on Toast from $28.00 to $36.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $34.81.

Toast Trading Up 0.4 %

Shares of Toast stock opened at $38.41 on Monday. Toast has a 1-year low of $15.15 and a 1-year high of $44.12. The stock has a market capitalization of $18.09 billion, a price-to-earnings ratio of -295.46, a PEG ratio of 23.81 and a beta of 1.92. The firm has a fifty day simple moving average of $34.94 and a 200-day simple moving average of $28.48.

Insider Transactions at Toast

In other Toast news, General Counsel Brian R. Elworthy sold 300,000 shares of Toast stock in a transaction on Friday, October 18th. The shares were sold at an average price of $30.39, for a total transaction of $9,117,000.00. Following the transaction, the general counsel now directly owns 177,836 shares of the company’s stock, valued at $5,404,436.04. The trade was a 62.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Stephen Fredette sold 144,238 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $27.34, for a total transaction of $3,943,466.92. Following the completion of the sale, the president now owns 2,160,499 shares of the company’s stock, valued at approximately $59,068,042.66. The trade was a 6.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,375,061 shares of company stock valued at $44,557,182 over the last ninety days. 13.32% of the stock is owned by company insiders.

Institutional Trading of Toast

Institutional investors and hedge funds have recently modified their holdings of the business. Synovus Financial Corp purchased a new stake in Toast in the third quarter worth $425,000. Tidal Investments LLC raised its stake in Toast by 5.4% in the 3rd quarter. Tidal Investments LLC now owns 14,310 shares of the company’s stock valued at $405,000 after acquiring an additional 734 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Toast during the third quarter worth about $59,000. Sanctuary Advisors LLC purchased a new position in shares of Toast in the third quarter worth about $327,000. Finally, Toronto Dominion Bank raised its position in shares of Toast by 35.4% in the third quarter. Toronto Dominion Bank now owns 46,319 shares of the company’s stock valued at $1,311,000 after purchasing an additional 12,118 shares during the period. 82.91% of the stock is owned by hedge funds and other institutional investors.

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.