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

Toast, Inc. (NYSE:TOST) has received an average rating of “Hold” from the twenty-four ratings firms that are presently covering the firm, MarketBeat.com reports. Thirteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $40.91.

Several research analysts recently issued reports on TOST shares. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 target price on shares of Toast in a research report on Thursday, February 20th. BNP Paribas set a $37.00 price target on Toast and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. DA Davidson decreased their price objective on shares of Toast from $42.00 to $40.00 and set a “neutral” rating for the company in a research report on Wednesday, April 30th. Wolfe Research raised shares of Toast from a “peer perform” rating to an “outperform” rating and set a $44.00 target price on the stock in a research report on Wednesday, April 23rd. Finally, Robert W. Baird upped their price target on shares of Toast from $38.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th.

Insider Activity at Toast

In related news, President Stephen Fredette sold 70,340 shares of the firm’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $33.87, for a total transaction of $2,382,415.80. Following the sale, the president now owns 1,574,316 shares in the company, valued at approximately $53,322,082.92. This trade represents a 4.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christopher P. Comparato sold 70,000 shares of the company’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $35.71, for a total transaction of $2,499,700.00. Following the completion of the transaction, the director now owns 164,796 shares of the company’s stock, valued at approximately $5,884,865.16. This trade represents a 29.81 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 335,991 shares of company stock worth $11,614,520. 13.32% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Toast

Hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its holdings in Toast by 5.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,092,210 shares of the company’s stock valued at $102,569,000 after purchasing an additional 153,723 shares in the last quarter. ASR Vermogensbeheer N.V. acquired a new position in shares of Toast during the 1st quarter worth about $497,000. Vanguard Group Inc. lifted its stake in Toast by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 43,945,584 shares of the company’s stock valued at $1,457,675,000 after buying an additional 1,471,352 shares in the last quarter. iA Global Asset Management Inc. lifted its stake in Toast by 24.6% in the 1st quarter. iA Global Asset Management Inc. now owns 17,866 shares of the company’s stock valued at $593,000 after buying an additional 3,522 shares in the last quarter. Finally, Westfield Capital Management Co. LP acquired a new stake in Toast in the 1st quarter worth about $7,628,000. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Toast Stock Performance

NYSE:TOST opened at $40.85 on Friday. The company’s 50-day simple moving average is $34.56 and its 200-day simple moving average is $36.81. Toast has a fifty-two week low of $21.32 and a fifty-two week high of $44.12. The stock has a market capitalization of $20.32 billion, a P/E ratio of -4,080.92, a P/E/G ratio of 2.16 and a beta of 1.98.

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

Toast Company Profile

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.