Toast (NYSE:TOST) Price Target Raised to $30.00

Toast (NYSE:TOST) had its target price increased by research analysts at Wells Fargo & Company from $25.00 to $30.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “underweight” rating on the stock. Wells Fargo & Company‘s price target would indicate a potential downside of 20.55% from the company’s previous close.

Other research analysts have also issued research reports about the stock. Robert W. Baird increased their price target on shares of Toast from $30.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Piper Sandler increased their price objective on shares of Toast from $25.00 to $35.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. JPMorgan Chase & Co. boosted their target price on shares of Toast from $28.00 to $36.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Wedbush increased their price target on shares of Toast from $35.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, Morgan Stanley boosted their price objective on shares of Toast from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. One equities research 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. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $35.27.

Toast Price Performance

Shares of Toast stock opened at $37.76 on Thursday. The company’s fifty day moving average price is $38.91 and its two-hundred day moving average price is $30.94. The firm has a market capitalization of $17.78 billion, a PE ratio of -290.46, a price-to-earnings-growth ratio of 1.83 and a beta of 1.97. Toast has a 52-week low of $16.13 and a 52-week high of $44.12.

Insider Activity at Toast

In other Toast news, CEO Aman Narang sold 1,646 shares of Toast stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $31.08, for a total transaction of $51,157.68. Following the transaction, the chief executive officer now directly owns 969,970 shares in the company, valued at approximately $30,146,667.60. The trade was a 0.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Christopher P. Comparato sold 145,000 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were 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 directly owns 182,451 shares of the company’s stock, valued at approximately $6,575,534.04. The trade was a 44.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 562,600 shares of company stock worth $21,823,932. 13.32% of the stock is currently owned by company insiders.

Institutional Trading of Toast

A number of large investors have recently bought and sold shares of TOST. Toth Financial Advisory Corp acquired a new position in shares of Toast in the third quarter valued at approximately $28,000. Raleigh Capital Management Inc. lifted its position in Toast by 93.4% in the 3rd quarter. Raleigh Capital Management Inc. now owns 1,491 shares of the company’s stock valued at $42,000 after acquiring an additional 720 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Toast by 32.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,033 shares of the company’s stock valued at $58,000 after acquiring an additional 496 shares in the last quarter. Global Trust Asset Management LLC acquired a new position in Toast in the 4th quarter worth $58,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Toast during the 3rd quarter worth about $59,000. 82.91% of the stock is owned by institutional investors.

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.