Toast (NYSE:TOST) PT Raised to $29.00

Toast (NYSE:TOST - Free Report) had its price objective boosted by The Goldman Sachs Group from $26.00 to $29.00 in a research note released on Monday morning, Benzinga reports. The firm currently has a buy rating on the stock.

Other analysts have also recently issued reports about the company. Wells Fargo & Company raised their target price on Toast from $15.00 to $17.00 and gave the stock an underweight rating in a research note on Friday. Mizuho restated a neutral rating and set a $17.00 target price on shares of Toast in a report on Wednesday, March 27th. Piper Sandler lifted their price target on shares of Toast from $18.00 to $20.00 and gave the company a neutral rating in a report on Friday, February 16th. Redburn Atlantic raised shares of Toast from a neutral rating to a buy rating and set a $28.00 price objective on the stock in a research report on Wednesday, February 7th. Finally, Robert W. Baird raised their target price on shares of Toast from $24.00 to $28.00 and gave the stock an outperform rating in a research report on Monday. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Toast has a consensus rating of Hold and a consensus target price of $24.32.

Toast Stock Down 5.5 %

Shares of NYSE TOST traded down $1.32 during midday trading on Monday, reaching $22.51. The company had a trading volume of 5,779,217 shares, compared to its average volume of 8,430,110. The stock has a market cap of $9.83 billion, a PE ratio of -44.13 and a beta of 1.79. Toast has a one year low of $13.77 and a one year high of $27.00. The firm's fifty day moving average price is $22.81 and its 200-day moving average price is $18.93.

Toast (NYSE:TOST - Get Free Report) last announced its quarterly earnings data on Thursday, February 15th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.04. Toast had a negative return on equity of 21.77% and a negative net margin of 6.36%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the company posted ($0.19) earnings per share. The business's revenue was up 34.7% on a year-over-year basis. As a group, equities research analysts expect that Toast will post -0.22 EPS for the current year.

Insider Transactions at Toast

In other news, insider James Michael Matlock sold 4,151 shares of the business's stock in a transaction on Monday, February 5th. The stock was sold at an average price of $18.20, for a total value of $75,548.20. Following the completion of the transaction, the insider now owns 39,733 shares in the company, valued at $723,140.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Toast news, CEO Aman Narang sold 2,471 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 $57,821.40. Following the transaction, the chief executive officer now directly owns 1,114,454 shares of the company's stock, valued at $26,078,223.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James Michael Matlock sold 4,151 shares of the company's stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $18.20, for a total transaction of $75,548.20. Following the sale, the insider now directly owns 39,733 shares of the company's stock, valued at approximately $723,140.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 364,747 shares of company stock worth $7,517,515. Corporate insiders own 13.70% of the company's stock.

Institutional Trading of Toast

Several large investors have recently added to or reduced their stakes in the business. Harbor Investment Advisory LLC bought a new position in shares of Toast during the 1st quarter valued at approximately $37,000. Baystate Wealth Management LLC bought a new position in shares of Toast in the third quarter worth approximately $29,000. Principal Securities Inc. purchased a new stake in shares of Toast in the fourth quarter worth $30,000. BluePath Capital Management LLC bought a new stake in shares of Toast during the 3rd quarter valued at $30,000. Finally, Cape Investment Advisory Inc. purchased a new position in shares of Toast during the 4th quarter valued at $31,000. 82.91% of the stock is currently 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.