Toast (NYSE:TOST) Price Target Raised to $45.00

by · The Markets Daily

Toast (NYSE:TOST – Free Report) had its price target raised by BMO Capital Markets from $44.00 to $45.00 in a report published on Monday,Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

Several other equities analysts have also weighed in on the stock. The Goldman Sachs Group reduced their target price on shares of Toast from $43.00 to $38.00 and set a “neutral” rating on the stock in a report on Wednesday, April 2nd. Piper Sandler lifted their target price on shares of Toast from $35.00 to $37.00 and gave the company a “neutral” rating in a report on Friday, May 9th. Keefe, Bruyette & Woods lifted their target price on shares of Toast from $40.00 to $42.00 and gave the company a “market perform” rating in a report on Thursday, February 20th. Wolfe Research upgraded shares of Toast from a “peer perform” rating to an “outperform” rating and set a $44.00 target price on the stock in a report on Wednesday, April 23rd. Finally, UBS Group lifted their price target on shares of Toast from $41.00 to $47.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $40.91.

View Our Latest Stock Report on TOST

Toast Stock Up 2.0%

Shares of TOST opened at $44.85 on Monday. The firm has a market cap of $22.31 billion, a PE ratio of -4,480.52, a price-to-earnings-growth ratio of 2.16 and a beta of 1.98. The company’s fifty day moving average is $35.09 and its two-hundred day moving average is $37.10. Toast has a fifty-two week low of $21.32 and a fifty-two week high of $45.56.

Toast (NYSE:TOST – Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The company 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%. As a group, equities research analysts anticipate that Toast will post 0.39 earnings per share for the current year.

Insider Activity

In related news, Director Deval L. Patrick sold 34,222 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $33.01, for a total transaction of $1,129,668.22. Following the completion of the sale, the director now owns 13,260 shares of the company’s stock, valued at $437,712.60. This represents a 72.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Stephen Fredette sold 70,340 shares of the business’s stock in a transaction dated 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 directly owns 1,574,316 shares of the company’s stock, valued at approximately $53,322,082.92. This represents a 4.28% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 335,991 shares of company stock worth $11,614,520. 13.32% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Toast

A number of institutional investors have recently modified their holdings of TOST. Barclays PLC grew its position in shares of Toast by 38.0% during the 3rd quarter. Barclays PLC now owns 309,426 shares of the company’s stock valued at $8,758,000 after buying an additional 85,171 shares during the last quarter. Tidal Investments LLC grew its position in shares of Toast by 5.4% during the 3rd quarter. Tidal Investments LLC now owns 14,310 shares of the company’s stock valued at $405,000 after buying an additional 734 shares during the last quarter. Nordea Investment Management AB grew its position in shares of Toast by 9.6% during the 4th quarter. Nordea Investment Management AB now owns 33,882 shares of the company’s stock valued at $1,238,000 after buying an additional 2,975 shares during the last quarter. Friedenthal Financial bought a new stake in shares of Toast during the 4th quarter valued at about $780,000. Finally, Miracle Mile Advisors LLC grew its position in shares of Toast by 1,633.9% during the 4th quarter. Miracle Mile Advisors LLC now owns 191,441 shares of the company’s stock valued at $6,978,000 after buying an additional 180,400 shares during the last quarter. Institutional investors own 82.91% of the company’s stock.

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.

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