Toast, Inc. (TOST) – What Are Researchers Saying About This Stock?

Shares of Toast, Inc. (NYSE:TOST) have earned a consensus rating of “Moderate Buy” from the twenty-eight ratings firms that are presently covering the firm, Marketbeat reports. Eleven investment analysts have rated the stock with a hold recommendation and seventeen have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $39.11.

Several research firms have recently weighed in on TOST. Citigroup boosted their price objective on shares of Toast from $36.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Robert W. Baird raised their target price on shares of Toast from $30.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. BTIG Research reaffirmed a “neutral” rating on shares of Toast in a research report on Thursday, August 27th. Truist Financial decreased their target price on shares of Toast from $39.00 to $38.00 and set a “buy” rating for the company in a research note on Monday. Finally, Piper Sandler boosted their target price on shares of Toast from $32.00 to $39.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th.

Insider Buying and Selling

In related news, CEO Aman Narang sold 14,713 shares of the company’s stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $29.35, for a total transaction of $431,826.55. Following the completion of the sale, the chief executive officer owned 86,543 shares in the company, valued at approximately $2,540,037.05. This represents a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Elena Gomez sold 11,886 shares of the stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $29.35, for a total value of $348,854.10. Following the completion of the transaction, the chief financial officer directly owned 171,957 shares in the company, valued at approximately $5,046,937.95. This represents a 6.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 534,830 shares of company stock valued at $18,566,600 over the last ninety days. 10.03% of the stock is owned by insiders.

Institutional Investors Weigh In On Toast

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Total Wealth Planning & Management Inc. purchased a new stake in Toast during the 3rd quarter valued at approximately $517,000. Signaturefd LLC raised its position in shares of Toast by 16.0% during the third quarter. Signaturefd LLC now owns 12,661 shares of the company’s stock valued at $367,000 after buying an additional 1,744 shares during the last quarter. Fifth Third Wealth Advisors LLC bought a new stake in shares of Toast during the third quarter valued at approximately $447,000. Yousif Capital Management LLC raised its position in shares of Toast by 2.9% during the third quarter. Yousif Capital Management LLC now owns 133,913 shares of the company’s stock valued at $3,882,000 after buying an additional 3,783 shares during the last quarter. Finally, Maestria Partners LLC purchased a new position in shares of Toast in the third quarter worth $11,596,000. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Toast Price Performance

NYSE TOST traded down $0.71 during trading hours on Friday, hitting $32.71. The company’s stock had a trading volume of 5,281,663 shares, compared to its average volume of 8,082,986. Toast has a 12 month low of $22.26 and a 12 month high of $39.72. The company’s 50 day simple moving average is $32.35 and its two-hundred day simple moving average is $29.43. The company has a market cap of $16.81 billion, a P/E ratio of 41.94 and a beta of 1.74.

Toast (NYSE:TOST) last issued its earnings results on Tuesday, August 4th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). The business had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Toast had a return on equity of 23.90% and a net margin of 7.14%. Toast’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same period last year, the firm posted $0.13 EPS. As a group, research analysts predict that Toast will post 1.00 earnings per share for the current fiscal year.

About Toast

Toast, Inc (NYSE:TOST) provides a cloud-based technology platform designed for restaurants. Its integrated system combines point-of-sale software and hardware with payment processing, helping restaurants manage sales, orders, menus, guest interactions and day-to-day operations from a unified platform.

The company offers products and services including online ordering, delivery management, digital ordering and payment tools, restaurant websites, gift cards, loyalty programs, marketing, labor management, payroll, inventory management, reporting and analytics.