Toast (TOST) Projected to Post Quarterly Earnings on Wednesday

Toast (NYSE:TOST) is projected to issue its quarterly earnings data after the market closes on Wednesday, February 19th. Analysts expect the company to announce earnings of $0.06 per share and revenue of $1.31 billion for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Toast Price Performance

Shares of NYSE:TOST opened at $40.12 on Wednesday. The stock has a market cap of $18.90 billion, a price-to-earnings ratio of -308.61, a P/E/G ratio of 2.25 and a beta of 1.98. The company has a 50 day moving average of $38.32 and a 200-day moving average of $32.72. Toast has a one year low of $18.47 and a one year high of $44.12.

Insider Buying and Selling at Toast

In other news, Director Christopher P. Comparato sold 145,000 shares of the firm’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $36.04, for a total value of $5,225,800.00. Following the completion of the transaction, the director now owns 182,451 shares in the company, valued at $6,575,534.04. This trade represents a 44.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Jonathan Vassil sold 1,006 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total value of $39,867.78. Following the sale, the executive now owns 48,488 shares in the company, valued at $1,921,579.44. The trade was a 2.03 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 362,449 shares of company stock worth $14,538,099. Corporate insiders own 13.32% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on TOST shares. Morgan Stanley upped their target price on shares of Toast from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Stephens upped their price objective on Toast from $28.00 to $30.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Piper Sandler raised their target price on Toast from $25.00 to $35.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Compass Point assumed coverage on Toast in a research note on Wednesday, November 20th. They issued a “buy” rating and a $49.00 price target for the company. Finally, Oppenheimer initiated coverage on shares of Toast in a research report on Friday, January 24th. They issued an “outperform” rating and a $46.00 price target on the stock. One analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Toast currently has a consensus rating of “Hold” and a consensus price target of $36.09.

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.