Toast (NYSE:TOST) Stock Rating Upgraded by Wedbush

Wedbush upgraded shares of Toast (NYSE:TOST) to a strong-buy rating in a research report sent to investors on Friday morning, Zacks.com reports. Wedbush also issued estimates for Toast’s Q1 2025 earnings at $0.06 EPS, Q2 2025 earnings at $0.10 EPS, Q3 2025 earnings at $0.11 EPS and Q4 2025 earnings at $0.09 EPS.

A number of other analysts have also weighed in on TOST. Mizuho upgraded shares of Toast from a neutral rating to an outperform rating and raised their target price for the company from $21.00 to $33.00 in a research report on Thursday, July 18th. Needham & Company LLC restated a buy rating and issued a $30.00 target price on shares of Toast in a research report on Wednesday, August 7th. Morgan Stanley raised their target price on shares of Toast from $29.00 to $30.00 and gave the company an overweight rating in a research report on Wednesday, August 7th. Keefe, Bruyette & Woods restated a market perform rating and issued a $26.00 target price on shares of Toast in a research report on Wednesday, May 29th. Finally, Robert W. Baird lowered shares of Toast from an outperform rating to a neutral rating and set a $28.00 target price on the stock. in a research report on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Toast currently has a consensus rating of Moderate Buy and a consensus target price of $28.22.

Toast Trading Up 1.4 %

Shares of TOST opened at $23.62 on Friday. Toast has a 12 month low of $13.77 and a 12 month high of $27.90. The firm’s 50 day moving average is $24.90 and its 200-day moving average is $24.38. The stock has a market capitalization of $10.89 billion, a PE ratio of -47.24 and a beta of 1.75.

Toast (NYSE:TOST) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Toast had a negative net margin of 3.10% and a negative return on equity of 11.27%. The firm’s quarterly revenue was up 27.0% compared to the same quarter last year. During the same period last year, the firm posted ($0.19) earnings per share. Equities research analysts predict that Toast will post -0.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CRO Jonathan Vassil sold 1,541 shares of Toast stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $24.00, for a total transaction of $36,984.00. Following the completion of the transaction, the executive now owns 33,312 shares of the company’s stock, valued at $799,488. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CRO Jonathan Vassil sold 1,541 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $24.00, for a total transaction of $36,984.00. Following the transaction, the executive now directly owns 33,312 shares in the company, valued at $799,488. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Stephen Fredette sold 3,810 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $25.64, for a total transaction of $97,688.40. Following the transaction, the president now owns 2,847,315 shares in the company, valued at $73,005,156.60. The disclosure for this sale can be found here. Insiders sold 418,352 shares of company stock valued at $10,526,982 over the last quarter. Insiders own 13.32% of the company’s stock.

Institutional Investors Weigh In On Toast

A number of institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. increased its stake in Toast by 1.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 35,968 shares of the company’s stock valued at $927,000 after purchasing an additional 421 shares in the last quarter. Park Avenue Securities LLC increased its position in Toast by 1.0% during the first quarter. Park Avenue Securities LLC now owns 43,357 shares of the company’s stock valued at $1,080,000 after acquiring an additional 436 shares during the last quarter. Wellington Shields & Co. LLC increased its position in Toast by 3.1% during the first quarter. Wellington Shields & Co. LLC now owns 16,700 shares of the company’s stock valued at $416,000 after acquiring an additional 500 shares during the last quarter. Parkside Financial Bank & Trust increased its position in Toast by 8.4% during the second quarter. Parkside Financial Bank & Trust now owns 6,742 shares of the company’s stock valued at $174,000 after acquiring an additional 520 shares during the last quarter. Finally, Comerica Bank increased its position in Toast by 10.9% during the first quarter. Comerica Bank now owns 6,167 shares of the company’s stock valued at $154,000 after acquiring an additional 607 shares during the last quarter. Hedge funds and other institutional investors 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.