Toast (NYSE:TOST) Price Target Raised to $35.00 at Piper Sandler

Toast (NYSE:TOST) had its target price raised by Piper Sandler from $25.00 to $35.00 in a report published on Monday morning,Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

TOST has been the subject of several other research reports. The Goldman Sachs Group increased their price objective on Toast from $29.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Mizuho upgraded Toast from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $21.00 to $33.00 in a research report on Thursday, July 18th. Wedbush increased their price objective on Toast from $35.00 to $45.00 and gave the stock an “outperform” rating in a research report on Friday. Robert W. Baird increased their price objective on Toast from $30.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Bank of America raised their price target on Toast from $26.00 to $28.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $32.30.

Toast Price Performance

Shares of NYSE TOST opened at $37.96 on Monday. The stock has a fifty day moving average price of $28.45 and a 200 day moving average price of $26.11. The company has a market cap of $17.50 billion, a PE ratio of -291.96 and a beta of 1.74. Toast has a 1-year low of $13.77 and a 1-year high of $38.40.

Insider Activity

In other news, President Stephen Fredette sold 211,686 shares of Toast stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $23.57, for a total value of $4,989,439.02. Following the transaction, the president now directly owns 2,638,023 shares of the company’s stock, valued at $62,178,202.11. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CRO Jonathan Vassil sold 1,367 shares of the business’s 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 transaction, 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 is accessible through the SEC website. Also, President Stephen Fredette sold 211,686 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $23.57, for a total value of $4,989,439.02. Following the transaction, the president now directly owns 2,638,023 shares in the company, valued at $62,178,202.11. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,375,651 shares of company stock valued at $38,150,212 in the last three months. Corporate insiders own 13.32% of the company’s stock.

Institutional Investors Weigh In On Toast

Hedge funds and other institutional investors have recently bought and sold shares of the business. West Branch Capital LLC purchased a new stake in Toast during the 2nd quarter worth approximately $26,000. LRI Investments LLC bought a new stake in shares of Toast in the 1st quarter valued at approximately $27,000. Toth Financial Advisory Corp bought a new stake in shares of Toast in the 3rd quarter valued at approximately $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Toast in the 2nd quarter valued at approximately $33,000. Finally, 1620 Investment Advisors Inc. bought a new stake in shares of Toast in the 2nd quarter valued at approximately $34,000. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

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.