Toast, Inc. (NYSE:TOST) Given Average Recommendation of “Hold” by Analysts

Toast, Inc. (NYSE:TOST) has been given a consensus recommendation of “Hold” by the twenty-two research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $40.48.

Several research analysts have commented on the stock. Robert W. Baird increased their price objective on shares of Toast from $38.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. UBS Group raised their price target on Toast from $41.00 to $47.00 and gave the company a “buy” rating in a report on Thursday, February 20th. DA Davidson reaffirmed a “neutral” rating and set a $38.00 price objective (down from $44.00) on shares of Toast in a report on Thursday, December 5th. BNP Paribas set a $37.00 target price on shares of Toast and gave the company a “neutral” rating in a report on Wednesday, February 19th. Finally, The Goldman Sachs Group set a $40.00 price target on shares of Toast and gave the company a “neutral” rating in a research note on Wednesday, February 19th.

Toast Stock Up 0.6 %

Shares of Toast stock opened at $36.38 on Friday. Toast has a 52 week low of $21.32 and a 52 week high of $44.12. The stock’s 50-day simple moving average is $37.84 and its 200-day simple moving average is $35.23. The company has a market capitalization of $17.97 billion, a price-to-earnings ratio of -3,634.37, a PEG ratio of 2.16 and a beta of 1.99.

Toast (NYSE:TOST) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). Toast had a net margin of 0.40% and a return on equity of 1.54%. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. On average, equities analysts expect that Toast will post 0.39 earnings per share for the current year.

Insider Activity

In other news, General Counsel Brian R. Elworthy sold 653 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total transaction of $25,878.39. Following the transaction, the general counsel now owns 209,206 shares in the company, valued at approximately $8,290,833.78. This trade represents a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, President Stephen Fredette sold 1,068 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 transaction of $42,324.84. Following the completion of the sale, the president now directly owns 1,644,656 shares of the company’s stock, valued at approximately $65,177,717.28. This trade represents a 0.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 270,770 shares of company stock valued at $9,409,211. Corporate insiders own 13.32% of the company’s stock.

Institutional Investors Weigh In On Toast

Several large investors have recently modified their holdings of TOST. Vanguard Group Inc. boosted its stake in shares of Toast by 10.8% during the fourth quarter. Vanguard Group Inc. now owns 42,474,232 shares of the company’s stock valued at $1,548,186,000 after purchasing an additional 4,147,430 shares in the last quarter. Capital International Investors lifted its holdings in Toast by 1.9% during the fourth quarter. Capital International Investors now owns 41,961,233 shares of the company’s stock worth $1,529,657,000 after buying an additional 785,641 shares during the period. FMR LLC boosted its position in Toast by 22.1% during 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 in the last quarter. ValueAct Holdings L.P. purchased a new position in shares of Toast in the 3rd quarter valued at $438,301,000. Finally, State Street Corp raised its position in shares of Toast by 2.5% in the 3rd 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.