Toast (NYSE:TOST) PT Raised to $21.00 at Mizuho

Toast (NYSE:TOST) had its price target raised by equities research analysts at Mizuho from $17.00 to $21.00 in a research report issued on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Mizuho’s target price indicates a potential downside of 21.70% from the company’s previous close.

TOST has been the subject of a number of other research reports. Canaccord Genuity Group lifted their price objective on shares of Toast from $22.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday. The Goldman Sachs Group boosted their price objective on shares of Toast from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Needham & Company LLC lifted their target price on Toast from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday. Piper Sandler increased their price target on Toast from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, February 16th. Finally, UBS Group upped their price objective on Toast from $22.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. One analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $25.80.

Toast Stock Up 13.0 %

Shares of NYSE TOST opened at $26.82 on Thursday. The business has a 50 day moving average price of $23.71 and a two-hundred day moving average price of $19.57. Toast has a fifty-two week low of $13.77 and a fifty-two week high of $27.31. The firm has a market cap of $12.10 billion, a PE ratio of -52.59 and a beta of 1.77.

Toast (NYSE:TOST) last released its earnings results on Tuesday, May 7th. The company reported ($0.15) earnings per share for the quarter, hitting the consensus estimate of ($0.15). The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.04 billion. Toast had a negative net margin of 6.36% and a negative return on equity of 21.77%. The company’s revenue was up 31.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.16) EPS. On average, analysts anticipate that Toast will post -0.22 earnings per share for the current year.

Insider Buying and Selling

In other news, President Stephen Fredette sold 2,272 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $23.40, for a total value of $53,164.80. Following the completion of the sale, the president now directly owns 2,835,759 shares of the company’s stock, valued at $66,356,760.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CRO Jonathan Vassil sold 100,000 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $25.24, for a total transaction of $2,524,000.00. Following the transaction, the executive now owns 22,956 shares of the company’s stock, valued at approximately $579,409.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Stephen Fredette sold 2,272 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $23.40, for a total transaction of $53,164.80. Following the completion of the transaction, the president now owns 2,835,759 shares in the company, valued at $66,356,760.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 180,510 shares of company stock valued at $4,381,885. Company insiders own 13.32% of the company’s stock.

Hedge Funds Weigh In On Toast

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Principal Securities Inc. bought a new stake in shares of Toast in the 4th quarter valued at approximately $30,000. Cape Investment Advisory Inc. bought a new stake in Toast during the fourth quarter worth about $31,000. SRS Capital Advisors Inc. acquired a new stake in shares of Toast during the third quarter worth approximately $33,000. 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 worth $34,000 after acquiring an additional 1,800 shares in the last quarter. Finally, Spire Wealth Management increased its holdings in Toast by 481.6% during the 3rd quarter. Spire Wealth Management now owns 1,838 shares of the company’s stock valued at $34,000 after purchasing an additional 1,522 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.