Toast (NYSE:TOST) Price Target Raised to $44.00

Toast (NYSE:TOST) had its target price boosted by DA Davidson from $35.00 to $44.00 in a report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other analysts have also recently commented on TOST. Bank of America increased their target price on Toast from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. Royal Bank of Canada boosted their target price on shares of Toast from $27.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Friday, November 8th. Robert W. Baird raised their price target on shares of Toast from $30.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Wells Fargo & Company upped their price objective on Toast from $23.00 to $25.00 and gave the stock an “underweight” rating in a report on Friday, November 8th. Finally, Piper Sandler lifted their target price on Toast from $25.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday. One equities 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, the stock currently has an average rating of “Hold” and an average price target of $32.75.

Toast Stock Up 1.1 %

NYSE TOST opened at $40.36 on Tuesday. Toast has a 1-year low of $13.77 and a 1-year high of $40.65. The company has a 50 day moving average of $29.08 and a 200-day moving average of $26.32.

Insider Activity at Toast

In other Toast news, Director Christopher P. Comparato sold 100,000 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $24.35, for a total transaction of $2,435,000.00. Following the sale, the director now directly owns 120,107 shares of the company’s stock, valued at $2,924,605.45. The trade was a 45.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CRO Jonathan Vassil sold 1,367 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $31.08, for a total value of $42,486.36. Following the completion of the transaction, the executive now owns 39,834 shares of the company’s stock, valued at $1,238,040.72. The trade was a 3.32 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,575,651 shares of company stock valued at $45,472,212. 13.32% of the stock is owned by insiders.

Hedge Funds Weigh In On Toast

Institutional investors have recently added to or reduced their stakes in the company. Stephens Investment Management Group LLC increased its stake in shares of Toast by 13.1% during the 3rd 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 last quarter. QRG Capital Management Inc. raised its stake in Toast by 39.7% in the second 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 during the period. Epoch Investment Partners Inc. acquired a new stake in shares of Toast in the first quarter valued at approximately $633,000. Entropy Technologies LP bought a new position in shares of Toast during the 3rd quarter worth approximately $894,000. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of Toast by 29.3% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 103,110 shares of the company’s stock worth $2,919,000 after acquiring an additional 23,345 shares during the last quarter. 82.91% of the stock is currently owned by institutional investors and hedge funds.

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.