Keefe, Bruyette & Woods Increases Toast (NYSE:TOST) Price Target to $26.00

Toast (NYSE:TOST) had its price objective raised by Keefe, Bruyette & Woods from $25.00 to $26.00 in a research note released on Wednesday morning, Benzinga reports. They currently have a market perform rating on the stock.

TOST has been the topic of several other reports. Piper Sandler lifted their target price on Toast from $18.00 to $20.00 and gave the stock a neutral rating in a report on Friday, February 16th. Wells Fargo & Company upped their price objective on Toast from $15.00 to $17.00 and gave the stock an underweight rating in a report on Friday, April 12th. UBS Group raised their target price on shares of Toast from $22.00 to $31.00 and gave the company a buy rating in a report on Thursday, March 28th. Redburn Atlantic raised shares of Toast from a neutral rating to a buy rating and set a $28.00 price target on the stock in a research note on Wednesday, February 7th. Finally, Mizuho reissued a neutral rating and issued a $17.00 price objective on shares of Toast in a research note on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $25.35.

Toast Stock Up 13.0 %

NYSE:TOST opened at $26.82 on Wednesday. The business’s 50-day simple moving average is $23.71 and its two-hundred day simple moving average is $19.57. The stock has a market cap of $12.10 billion, a PE ratio of -52.59 and a beta of 1.77. Toast has a 52 week low of $13.77 and a 52 week high of $27.31.

Toast (NYSE:TOST) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.15) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.15). Toast had a negative net margin of 6.36% and a negative return on equity of 21.77%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the firm posted ($0.16) EPS. The company’s revenue was up 31.3% on a year-over-year basis. Sell-side analysts anticipate that Toast will post -0.22 earnings per share for the current fiscal year.

Insider Transactions at Toast

In other Toast news, CRO Jonathan Vassil sold 50,000 shares of Toast stock in a transaction on Monday, April 15th. The stock was sold at an average price of $22.90, for a total transaction of $1,145,000.00. Following the completion of the sale, the executive now directly owns 25,422 shares of the company’s stock, valued at approximately $582,163.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Toast news, CRO Jonathan Vassil sold 50,000 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $22.90, for a total transaction of $1,145,000.00. Following the transaction, the executive now owns 25,422 shares of the company’s stock, valued at approximately $582,163.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James Michael Matlock sold 4,151 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $23.19, for a total transaction of $96,261.69. Following the completion of the sale, the insider now directly owns 46,510 shares of the company’s stock, valued at approximately $1,078,566.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 180,510 shares of company stock valued at $4,381,885. 13.32% of the stock is currently owned by company insiders.

Institutional Trading of Toast

Several hedge funds and other institutional investors have recently bought and sold shares of TOST. Harbor Investment Advisory LLC bought a new position in shares of Toast in the 1st quarter worth $37,000. Principal Securities Inc. purchased a new position in Toast in the fourth quarter valued at about $30,000. Cape Investment Advisory Inc. bought a new position in Toast in the fourth quarter worth about $31,000. SRS Capital Advisors Inc. purchased a new stake in shares of Toast during the third quarter valued at about $33,000. Finally, Larson Financial Group LLC boosted its holdings in shares of Toast by 8,181.8% in the 3rd quarter. Larson Financial Group LLC now owns 1,822 shares of the company’s stock valued at $34,000 after buying an additional 1,800 shares in the last quarter. Institutional investors 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.