Toast (NYSE:TOST) Price Target Raised to $30.00

Toast (NYSE:TOST) had its price target boosted by Deutsche Bank Aktiengesellschaft from $24.00 to $30.00 in a research report released on Monday,Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

Other equities analysts have also recently issued reports about the company. Bank of America raised their price objective on Toast from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. Royal Bank of Canada restated a “sector perform” rating and issued a $27.00 price objective on shares of Toast in a report on Wednesday, August 7th. JPMorgan Chase & Co. increased their target price on shares of Toast from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Wedbush raised shares of Toast to a “strong-buy” rating in a research note on Friday, September 6th. Finally, DA Davidson raised their price objective on Toast from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Toast presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.30.

Toast Trading Up 1.5 %

NYSE TOST opened at $32.61 on Monday. The company’s 50 day simple moving average is $27.94 and its two-hundred day simple moving average is $25.86. Toast has a 1 year low of $13.77 and a 1 year high of $33.01.

Toast (NYSE:TOST) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.04. The company 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%. Toast’s revenue for the quarter was up 27.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.19) earnings per share. As a group, research analysts predict that Toast will post -0.1 EPS for the current year.

Insider Buying and Selling

In other Toast news, CRO Jonathan Vassil sold 1,367 shares of Toast stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $31.08, for a total transaction of $42,486.36. Following the sale, the executive now directly owns 39,834 shares of the company’s stock, valued at approximately $1,238,040.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Toast news, CEO Aman Narang sold 1,646 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $31.08, for a total value of $51,157.68. Following the completion of the transaction, the chief executive officer now owns 969,970 shares in the company, valued at approximately $30,146,667.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Jonathan Vassil sold 1,367 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $31.08, for a total value of $42,486.36. Following the transaction, the executive now directly owns 39,834 shares of the company’s stock, valued at $1,238,040.72. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,375,651 shares of company stock valued at $38,150,212 over the last three months. Corporate insiders own 13.32% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Stephens Investment Management Group LLC grew its holdings in Toast by 13.1% in the third quarter. Stephens Investment Management Group LLC now owns 1,884,771 shares of the company’s stock worth $53,358,000 after purchasing an additional 218,959 shares during the period. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Toast in the 1st quarter worth approximately $5,078,000. QRG Capital Management Inc. increased its position in Toast by 39.7% during the 2nd quarter. QRG Capital Management Inc. now owns 84,967 shares of the company’s stock valued at $2,190,000 after buying an additional 24,164 shares in the last quarter. Epoch Investment Partners Inc. purchased a new position in Toast during the first quarter valued at $633,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Toast by 15.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 483,140 shares of the company’s stock worth $12,040,000 after acquiring an additional 65,654 shares during the last quarter. 82.91% of the stock is currently owned by institutional investors.

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.