Toast, Inc. (NYSE:TOST) Receives Average Rating of “Hold” from Brokerages

Toast, Inc. (NYSE:TOST) has been given an average recommendation of “Hold” by the twenty-four ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $35.74.

A number of equities analysts have recently commented on TOST shares. JPMorgan Chase & Co. lifted their target price on Toast from $28.00 to $36.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft lifted their target price on Toast from $24.00 to $30.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Morgan Stanley lifted their target price on Toast from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Keefe, Bruyette & Woods lifted their target price on Toast from $29.00 to $40.00 and gave the stock a “market perform” rating in a report on Monday, December 9th. Finally, Piper Sandler boosted their price objective on Toast from $25.00 to $35.00 and gave the company a “neutral” rating in a report on Monday, November 11th.

Insiders Place Their Bets

In other news, Director Richard Kent Bennett sold 22,885 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $41.96, for a total value of $960,254.60. Following the completion of the transaction, the director now directly owns 395,706 shares of the company’s stock, valued at approximately $16,603,823.76. The trade was a 5.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CRO Jonathan Vassil sold 100,000 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $36.55, for a total value of $3,655,000.00. Following the completion of the transaction, the executive now directly owns 39,834 shares of the company’s stock, valued at approximately $1,455,932.70. The trade was a 71.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 557,670 shares of company stock worth $21,670,707. 13.32% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. increased its position in Toast by 120.4% during the 4th quarter. Blue Trust Inc. now owns 692 shares of the company’s stock valued at $25,000 after buying an additional 378 shares in the last quarter. Piscataqua Savings Bank acquired a new position in Toast during the 4th quarter valued at about $26,000. Stonebridge Financial Group LLC acquired a new position in Toast during the 4th quarter valued at about $34,000. Toth Financial Advisory Corp acquired a new position in Toast during the 3rd quarter valued at about $28,000. Finally, Wingate Wealth Advisors Inc. acquired a new position in Toast during the 4th quarter valued at about $40,000. 82.91% of the stock is owned by institutional investors and hedge funds.

Toast Price Performance

NYSE:TOST opened at $39.99 on Thursday. Toast has a 1 year low of $17.95 and a 1 year high of $44.12. The stock’s 50 day simple moving average is $38.57 and its two-hundred day simple moving average is $32.10. The company has a market cap of $18.83 billion, a price-to-earnings ratio of -307.60, a PEG ratio of 2.18 and a beta of 1.98.

Toast (NYSE:TOST) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. Toast had a negative return on equity of 3.84% and a negative net margin of 1.05%. During the same quarter in the previous year, the company posted ($0.09) EPS. As a group, analysts anticipate that Toast will post 0.03 EPS for the current year.

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.