Toast (NYSE:TOST) Given Market Perform Rating at Keefe, Bruyette & Woods

Toast (NYSE:TOSTGet Free Report)‘s stock had its “market perform” rating reiterated by equities research analysts at Keefe, Bruyette & Woods in a research report issued on Wednesday, Benzinga reports. They presently have a $26.00 price target on the stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 10.12% from the stock’s previous close.

TOST has been the topic of several other reports. Needham & Company LLC lifted their target price on Toast from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. UBS Group lifted their price objective on Toast from $22.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Baird R W lowered Toast from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 21st. Wells Fargo & Company lifted their price objective on Toast from $17.00 to $19.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 8th. Finally, Mizuho lifted their price objective on Toast from $17.00 to $21.00 and gave the stock a “neutral” rating in a research report on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $26.14.

Get Our Latest Analysis on TOST

Toast Stock Down 0.1 %

NYSE TOST opened at $23.61 on Wednesday. Toast has a twelve month low of $13.77 and a twelve month high of $27.90. The company has a market cap of $10.70 billion, a price-to-earnings ratio of -47.44 and a beta of 1.77. The business’s fifty day moving average is $24.39 and its 200 day moving average is $20.64.

Toast (NYSE:TOSTGet Free Report) last announced its earnings results on Tuesday, May 7th. The company reported ($0.15) EPS for the quarter, hitting the consensus estimate of ($0.15). The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.04 billion. Toast had a negative return on equity of 21.45% and a negative net margin of 6.02%. The business’s quarterly revenue was up 31.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.16) EPS. On average, research analysts anticipate that Toast will post -0.14 earnings per share for the current fiscal year.

Insider Transactions at Toast

In related news, President Stephen Fredette sold 2,272 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $23.40, for a total value of $53,164.80. Following the sale, the president now directly owns 2,835,759 shares of the company’s stock, valued at $66,356,760.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Toast news, CRO Jonathan Vassil sold 100,000 shares of Toast stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $25.24, for a total transaction of $2,524,000.00. Following the sale, the executive now directly owns 22,956 shares of the company’s stock, valued at approximately $579,409.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Stephen Fredette sold 2,272 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $23.40, for a total value of $53,164.80. Following the completion of the sale, the president now directly owns 2,835,759 shares in the company, valued at $66,356,760.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 243,010 shares of company stock worth $6,001,260. Company insiders own 13.32% of the company’s stock.

Institutional Trading of Toast

A number of hedge funds have recently made changes to their positions in the stock. LRI Investments LLC bought a new stake in shares of Toast in the 1st quarter worth approximately $27,000. Washington Harbour Partners LP raised its holdings in Toast by 164.4% in the 1st quarter. Washington Harbour Partners LP now owns 152,300 shares of the company’s stock worth $3,795,000 after acquiring an additional 94,700 shares during the last quarter. XN LP raised its holdings in Toast by 40.9% in the 1st quarter. XN LP now owns 5,055,225 shares of the company’s stock worth $125,976,000 after acquiring an additional 1,467,339 shares during the last quarter. iA Global Asset Management Inc. purchased a new position in Toast in the 1st quarter worth approximately $4,350,000. Finally, LBP AM SA purchased a new position in Toast in the 1st quarter worth approximately $466,000. 82.91% of the stock is owned by institutional investors.

About Toast

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Toast (NYSE:TOST)

Receive News & Ratings for Toast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toast and related companies with MarketBeat.com's FREE daily email newsletter.