Toast (NYSE:TOST) Price Target Raised to $42.00 at JPMorgan Chase & Co.

Toast (NYSE:TOST) had its target price increased by JPMorgan Chase & Co. from $36.00 to $42.00 in a research note released on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities research analysts also recently issued reports on TOST. UBS Group boosted their price target on Toast from $41.00 to $47.00 and gave the company a “buy” rating in a research note on Thursday. DA Davidson restated a “neutral” rating and set a $38.00 target price (down from $44.00) on shares of Toast in a research report on Thursday, December 5th. Robert W. Baird increased their price target on shares of Toast from $38.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Toast from $24.00 to $30.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Finally, Needham & Company LLC restated a “buy” rating and issued a $50.00 price objective on shares of Toast in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $40.23.

Toast Stock Performance

Shares of TOST stock opened at $40.45 on Thursday. Toast has a 12-month low of $20.49 and a 12-month high of $44.12. The firm’s 50 day moving average is $38.60 and its 200 day moving average is $33.35.

Toast (NYSE:TOST) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Toast had a return on equity of 1.54% and a net margin of 0.40%. The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.32 billion. On average, analysts predict that Toast will post 0.38 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Christopher P. Comparato sold 145,000 shares of the business’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 sale, the director now directly owns 182,451 shares in the company, valued at approximately $6,575,534.04. The trade was a 44.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Yuan sold 189,785 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $43.01, for a total value of $8,162,652.85. Following the transaction, the director now owns 198,829 shares of the company’s stock, valued at $8,551,635.29. This represents a 48.84 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 339,564 shares of company stock worth $13,577,845. 13.32% of the stock is owned by insiders.

Institutional Investors Weigh In On Toast

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Toast by 10.8% in the 4th quarter. Vanguard Group Inc. now owns 42,474,232 shares of the company’s stock worth $1,548,186,000 after buying an additional 4,147,430 shares in the last quarter. Capital International Investors raised its position in shares of Toast by 1.9% during the 4th quarter. Capital International Investors now owns 41,961,233 shares of the company’s stock valued at $1,529,657,000 after buying an additional 785,641 shares in the last quarter. FMR LLC lifted its holdings in shares of Toast by 22.1% in the 4th quarter. FMR LLC now owns 29,853,639 shares of the company’s stock valued at $1,088,165,000 after acquiring an additional 5,403,896 shares during the last quarter. ValueAct Holdings L.P. purchased a new position in Toast in the third quarter worth about $438,301,000. Finally, State Street Corp grew its position in Toast by 2.5% in the third quarter. State Street Corp now owns 8,325,292 shares of the company’s stock worth $235,689,000 after acquiring an additional 206,789 shares in the last quarter. 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.